Pension Fund

Principal hitches ride on Asia pension reform

Rex Auyeung

Principal Financial, one of the largest US providers of pension plans, has its eye on Asia in light of the many initiatives for pension reform in the region and the ageing population.

Thursday, 13 June, 2013, 5:03am

China's pension fund seeks to grow asset base

The NSSF serves as a strategic reserve fund. Photo: AFP

The fund's party secretary, Dai Xianglong, was quoted by Xinhua yesterday as saying that the central government should transfer 30 per cent of capital gains it receives from state-owned enterprises (SOEs) to the National Social Security Fund (NSSF).

17 Apr 2013 - 5:44am

Finance minister Xie Xuren put in charge at pension fund

Xie Xuren must tackle a widening pension black hole

Finance minister Xie Xuren has moved to be head of the National Council for Social Security Fund in the government reshuffle, replacing Dai Xianglong, a senior official at the national pension fund told the South China Morning Post.

20 Mar 2013 - 4:35am

World's richest man offers slim pickings for retired

Carlos Slim. Photo: Bloomberg

The world's richest man is proving better at generating wealth for himself than the 1.1 million Mexican pensioners investing with him.

7 Jan 2013 - 4:31am

Letters to the Editor, December 11, 2012

The airport does not need a third runway. Photo: David Wong

Accidents in mainland factories which result in serious injuries such as loss of limbs are all too common. Often, this happens because workers are made to operate outdated machinery.

11 Dec 2012 - 1:50am

Top up China's pension fund for stronger social safety net

Top up China's pension fund for stronger social safety net

A proposal to fix China's pension scheme is bringing hopes of a stronger safety net. The government has launched a public consultation on a plan that will allow people to switch between three existing types of pension insurance.

6 Dec 2012 - 3:47am

MPFs report lower returns, despite hot money inflow

Mark Konyn, chief executive of Cathay Conning Asset Management

The city's Mandatory Provident Fund (MPF) reported lower returns in the past two months, although hot money inflow, which boosted third-quarter results, helped it stay in the black.

The 443 retirement funds, which cover 2.5 million employees in Hong Kong, returned only 1.24 per cent in November and 0.67 per cent in October, month on month, according to data provider Lipper.

5 Dec 2012 - 3:12am

Regulator says more shares should be offered to China's pension fund

Governments should not own too many assets, says Guo Shuqing.

The mainland securities regulator yesterday called for up to half the shares of state-owned enterprises going public to be allocated to the nation's pension fund.

Central and local governments are now required to transfer 10 per cent of the initial public offering of such enterprises they control to the pension fund, which is a major institutional investor in China's stock market.

8 May 2015 - 9:46am

Pension fund to invest more in state enterprises

The national pension fund has pledged to increase investments in major state-owned enterprises (SOEs), in a bid to cement its ties with the industrial juggernauts that enjoy a cosy oligopoly on the mainland.

13 Apr 2012 - 12:00am

Pension now covers 143m farmers, just 757m to go

Roughly 143 million mainland farmers are now covered by the pension system, a senior official says. However, at 55 yuan (HK$65) a month, the recipients say the payments are not enough to make a real difference to their lives.

9 Mar 2011 - 12:00am

30.8b yuan in funds misused, audits finds

China's national audit authorities have uncovered the misuse of 30.8 billion yuan in social security funds last year.

16 Mar 2007 - 12:00am

Hands tied by ordinance

YOUR editorial of April 7, headlined, 'Protest misdirected' alleged that 'management mistakes are to blame' for the insolvency of our Superannuation Fund, and attributed the cause of fund insolvency to a lack of expertise in tertiary institutions to manage the funds, and alleged that the institution did not place the fund in the hands of independent fund managers.

29 Apr 1995 - 12:00am