... raw their MPF entitlement in several batches, offering them more flexibility. This article appeared in the Hong Kong Economic Journal on March 18. Translation by Myssie You [Chinese version 中文版] -- Co ...More
EJ Insight2016-03-18
The default investment strategy to be implemented under a draft bill on the city's pension fund system may expose participants to risks in the stock market without their consent, market players said. ...More
EJ Insight2016-02-29
The Mandatory Provident Fund Schemes Authority has filed a writ with District Court demanding that Asia Television Ltd. pay HK$416,000 (US$53,214) in employer's MPF contributions for October last year ...More
EJ Insight2016-01-20
... r sale of MPF products. DBS Bank (Hong Kong) chief executive Sebastian Paredes (龐華毅) expects revenue of the bancassurance business to double by 2018, with that from retail banking tripling and that fr ...More
EJ Insight2016-01-06
... to boost MPF return potential. “HandsonMe” made a mobile application that allows people to invest in Instagram and online shops selling handmade products. “Credit Chest” made a platform that allows c ...More
EJ Insight2015-12-24
... ent Fund (MPF) was launched in 2000 during the height of tech bubble. It was such a bad timing. The market picked up until 2003, and hit a new high in 2007. But that was followed by another eight-year ...More
EJ Insight2015-12-05
Every employee who contributes to the Mandatory Provident Fund (MPF) can choose an account manager. After that, however, the employee has no control over which specific investment the fund manager pic ...More
EJ Insight2015-11-28
... hich each MPF provider will be required to operate two core funds with preset investment strategies. The core funds are aimed at diversifying portfolio risks in accordance with the scheme holders' age ...More
EJ Insight2015-11-09
... olish the MPF offsetting mechanism. Scrapping the offsetting mechanism, which allows firms to use their MPF contributions to offset a portion of the severance or long-service payment that is owed to e ...More
EJ Insight2015-09-30
... mple, AIA MPF in Hong Kong was quoted in Marketing Magazine as saying that it used social media to launch a major branding initiative to reinforce its position as a top retirement and mandatory provid ...More
EJ Insight2015-09-23
... study of MPF schemes comprising 537 funds also revealed that expenses of the funds rose from HK$9.2 billion last year to HK$10 billion this year, Apple Daily reported. The HKFTU criticized the funds ...More
EJ Insight2015-09-17
... that the MPF had total assets of HK$620.1 billion (US$80 billion) at the end of June, and voluntary contributions reached an annual HK$5.6 billion, up 23 percent from the year before. The fund posted ...More
EJ Insight2015-09-12
... ed by the MPF, the association's chairman Bruno Lee Kam-wing said. It is suggested that a maximum tax allowance of HK$50,000 be given to taxpayers for their voluntary contributions to the MPF scheme i ...More
EJ Insight2015-08-28
Hong Kong police have arrested 19 people who allegedly conspired to defraud the Mandatory Provident Fund Schemes Authority (MPFA) with bogus claims. The 15 men and four women, aged 22 to 56, were arre ...More
EJ Insight2015-08-26
Phone scam artists targeting gullible Hongkongers are now claiming to be from the Mandatory Provident Fund Schemes Authority (MPFA) and the Monetary Authority, Ming Pao Daily reported on Thursday. The ...More
EJ Insight2015-08-13
... improved MPF scheme, fairer income distribution and further reducing the number of mainland visitors to Hong Kong. These livelihood issues have little or no support from the Leung administration, mos ...More
EJ Insight2015-08-05
... ment with MPF benefits -- became part of a common Legco election manifesto for the entire democratic bloc. You might say the government could just shrug it off, but democratic parties and lawmakers ha ...More
EJ Insight2015-07-21
... ent Fund (MPF) benefits 2) implementation of statutory standard working hours 3) introduction of a special tax on the super rich to increase recurrent revenue 4) reduction or scrapping of the daily q ...More
EJ Insight2015-07-09
... fter your MPF contribution (at a rate of 5 percent) and salary tax are deducted. If you're not fortunate enough to be living in your parents’ house, then a third or even half of your money will go to ...More
EJ Insight2015-07-08
... h accrued MPF benefits. (Anna Wu retired from the Mandatory Provident Fund Schemes Authority chairmanship with a highly critical parting shot over the policy.) In his election campaign, Leung pledged ...More
EJ Insight2015-06-24
