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Results 1 - 10 of 1637 for mandatory provident fund schemes authority

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  1. Hedge fund chief urges freer rein from regulators

    Posted Sep 18th 2003, 12:00am by Enoch Yiu

    ... for the Mandatory Provident Fund Schemes Authority (MPFA) dismissed the idea. While hedge funds offer the chance to earn high returns in all types of markets, badly managed ones can leave investors ... Investments of less than US$50,000 should be allowed, Barep director says Regulations governing hedge funds are too restrictive, which explains why just seven funds targeting retail ...

  2. Union claims wages victory for cleaners

    Posted Mar 30th 2010, 12:00am by Staff Reporter

    ... it repeatedly failed to pay workers and make MPF contributions. Earlier this month, the High Court ordered it to pay the Mandatory Provident Fund Scheme Authority (MPFA) about HK$2.88 million ... Provident Fund (MPF) contributions, amounting to some $5 million.' Gainway Cleaning was contracted by Kai Shing Management- a subsidiary of Sun Hung Kai Properties- to clean shopping malls ...

  3. MPF funds make record gains as stocks post best month in 10 years

    Posted Jun 12th 2009, 12:00am by Nick Westra

    ... Nick Westra Mandatory provident funds racked up record average gains last month amid a resurgence in equity markets as investors chased after early signs of recovery in the global economy. Hong Kong MPF funds rose 7.83 per cent on average in May for the largest gain since the savings scheme was initiated in 2000, according to Lipper data. Equity funds led the way, surging 12.44 ...

  4. Europe's woes hurt HK retirement funds

    Posted Jul 07th 2010, 12:00am by Enoch Yiu

    ... Enoch Yiu The European debt crisis and the resulting slump in markets have hurt the pocket books of 2.5 million Hong Kong workers as their pension funds recorded losses in the first half of the year. The about 300 Mandatory Provident Fund investment funds, with total assets of more than HK$310 billion, recorded investment losses averaging 4.82 per cent in the first half, according ...

  5. AIA taps Rafael Hui, two other heavyweight independent directors

    Posted Oct 06th 2010, 12:00am by Enoch Yiu

    ... and worked in various financial departments. He was the managing director of the Mandatory Provident Fund Schemes Authority from 2000 to 2003. He rejoined the government as chief secretary from 2005 ... as its US parent, American International Group, seeks to raise funds to repay the US$183.2 billion US government bailout. The offering was presented to international investors yesterday and, ...

  6. MPF returns down on European turmoil

    Posted Jan 05th 2011, 12:00am by Enoch Yiu

    ... Enoch Yiu The Mandatory Provident Fund, the pension scheme that covers over 2.4 million employees in the city, reported a less stellar performance in 2010 as the European sovereign debt ... by banks or fund houses. The providers then invest the money into various investment fund choices picked by employees. Employees who choose to invest their MPF in stock funds will be the happiest ...

  7. MPF reports strongest annual growth on record

    Posted Jan 07th 2010, 12:00am by Enoch Yiu

    ... Enoch Yiu After being battered by the global economic crisis in 2008, Hong Kong's mandatory pension funds bounced back to show their strongest annual growth on record last year. The HK$300 billion Mandatory Provident Fund, which covers 2.5 million employees, reported an average 25.8 per cent investment return last year, according to data from Lipper, a Thomson Reuters ...

  8. MPF average returns 27.3pc since launch

    Posted Jan 08th 2010, 12:00am by Enoch Yiu

    ... Enoch Yiu An employee who has contributed to the Mandatory Provident Fund since its inception nine years ago would get back an average HK$274,903, or a return of 27.3 per cent. ... employees made the statutory HK$2,000 monthly contributions, totalling HK$216,000 since the scheme was launched in December 2000. The figures are based on investment return figures provided ...

  9. MPF records second-best quarter since its inception

    Posted Oct 08th 2009, 12:00am by Enoch Yiu

    ... Enoch Yiu The Mandatory Provident Fund, the pension scheme covering more than two million employees in the city, reported an average 10 per cent return for the third quarter- ... for investors. In the third quarter, the equity funds in the MPF recorded average gains of 14.7 per cent, the highest among all categories of investment funds under the MPF scheme. The balanced funds ...

  10. Views vary on value of investor scheme

    Posted Oct 29th 2003, 12:00am by Staff Reporter

    ... with Dao Heng Fund Management, Ricacorp Properties has teamed up with Tai Fook Asset Management, and Midland Realty is working with accounting firm Grant Thornton to provide one-stop services ... Ernest Kong The government's new investor immigration scheme has been welcomed by local property agents hoping for lucrative growth in luxury residential transactions. But analysts ...




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