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  • September 18, 2014
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  1. Mainland pension fund earmarks 7b yuan for five investment targets

    Posted Apr 12th 2010, 12:00am by Staff Reporter

    ... The mainland pension fund has chosen five funds to invest in this year, and the amount may involve up to 7 billion yuan (HK$7.96 billion), the fund's head said yesterday. Dai ... in and the investment amount would be between 6 billion yuan and 7 billion yuan. Dai did not identify the funds. The pension fund was set up in 2000 with state capital and dividends from listed state firms. ...

  2. Death for workers who killed over pay

    Posted Apr 07th 2006, 12:00am by Staff Reporter

    ... wages, and several high-profile murder cases have been linked to the situation in recent years. A survey by the All-China Federation of Trade Unions said 100 billion yuan in wages was owed ... 39-year-old Hunan farmer Xie Zhongnan guilty of killing a colleague and attempting to murder his boss on January 17 last year after his boss, the owner of a mushroom farm, refused to pay 3,800 yuan ...

  3. Shanghai pulls out all stops to bolster union

    Posted Aug 16th 2007, 12:00am by Bill Savadove

    ... of free services and access to an activities centre with classes in everything from Latin dancing to yoga. It has asked workers to pay 50 yuan to join the union, though one organiser said dues had ...

  4. Union hits 193m members, aims for 10m more

    Posted Mar 15th 2008, 12:00am by Staff Reporter

    ... Jane Cai The mainland's top trade union boasted yesterday that 193 million people, or 71.5 per cent of the nation's employees, were under its umbrella and announced that it aimed to recruit 10 million more migrant worker members this year. The All-China Federation of Trade Unions (ACFTU) has been urging foreign-funded and private companies to set up unions since 2006, ...

  5. HSBC may boost region's workforce 5pc despite cuts

    Posted Feb 29th 2012, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com HSBC, which has come under fire from trade unions over its lay-off plans, may add up to 5 per cent to its headcount in Asia-Pacific by 2013, says Asia-Pacific ... be completed by the end of June. He also said the bank would continue to hire in the region as it developed more fee-income and yuan-related businesses. But even as the bank's Asia-Pacific ...

  6. Extra 25b yuan from annuities to flood market

    Posted Aug 21st 2010, 12:00am by Staff Reporter

    ... An extra 25 billion yuan (HK$28.56 billion) in fresh capital is likely to flood mainland stock exchanges after Beijing raised the amount corporate annuities can invest in equities as it tries to revive the market. The central government will soon allow the mainland's annuities, which hold 252.5 billion yuan in assets, to invest a maximum 30 per cent in stocks, up from ...

  7. Union grouping urges 7pc pay rise

    Posted Jan 03rd 2011, 12:00am by Joyce Ng

    ... The Confederation of Trade Unions found 65 per cent of the 350 workers it interviewed by telephone had wages frozen last year. The remainder had an average pay rise of about 2.7 per cent, outpaced by the November inflation rate of 2.9 per cent. The group urges a 7 per cent pay increase this year, allowing workers to share the fruits of economic development. ...

  8. Rival union fails to turn pay-talks tide

    Posted Aug 14th 2007, 12:00am by Anita Lam, Colleen Lee

    ... Anita Lam, Colleen Lee and No Kwai-yan CTU to brief angry metal workers today after taking over salary negotiations The pro-democracy Confederation of Trade Unions took over last night ... status with the employers after the angry construction-site workers splashed water over Federation of Trade Unions negotiators who had outlined a 'consensus' they said had been reached ...

  9. Social security funds illegally spent on stocks, court finds

    Posted Jun 21st 2007, 12:00am by Bill Savadove

    ... Bill Savadove in Shanghai Shanghai has found that government and state company officials illegally funnelled more than 6 billion yuan into the stock market in the past four years, including money taken from the social security fund in the city's biggest corruption case. Shanghai's Supreme People's Court said 100 million yuan of funds earmarked for social ...

  10. Deal struck on metal workers at secret talks

    Posted Aug 13th 2007, 12:00am by Anita Lam

    ... Anita Lam The pro-government Federation of Trade Unions (FTU) has tried to thwart an attempt by the rival Confederation of Trade Unions (CTU) to take over negotiations in the metal workers' industrial dispute by striking a deal yesterday in secret talks with employers and the government. The CTU, which was not informed of yesterday's hastily convened meeting, criticised ...




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