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15.12.25 - 10:30
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Market volatility, family feuds fuel Hong Kong′s wealth transfer anxiety: Sun Life survey (SCMP)
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Nearly half of Hong Kong residents are concerned that their wealth will not last beyond their children, citing market volatility and inheritance disputes, according to a survey by Canadian insurer Sun Life.
The survey covered 500 respondents from Hong Kong, including some from mainland China. They were among over 3,000 people aged 18 and above from Asia who were polled in October on the topic of legacy planning.
Sun Life found that 44 per cent of Hong Kong residents expressed fear over their......
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15.12.25 - 10:06
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Arm China, AI start-up RabbitPre among mainland tech firms expanding in Hong Kong (SCMP)
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A growing number of Chinese tech firms are tapping Hong Kong for research talent and overseas expansion, as the Asian financial hub moves to attract Big Tech and start-ups to boost its technology sector.
Arm China, the Chinese unit of British semiconductor firm Arm Holdings, would establish a chip intellectual property research and development centre in Hong Kong in 2026 that would focus on artificial intelligence and robotics, Arm China senior technical director Zou Wei said last month.
The new......
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15.12.25 - 09:01
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Hong Kong′s eMPF to hit fee-cut target 5 years early, saving US$6.4 billion (SCMP)
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The electronic platform of the Mandatory Provident Fund (eMPF) is expected to reach its fee cut target five years ahead of schedule and could save the scheme's 4.75 million members HK$50 billion (US$6.4 billion) in less than 10 years, according to the chairwoman of the pension regulator.
The Mandatory Provident Fund Schemes Authority (MPFA) revised its estimates of cost savings from the eMPF platform on Monday during a media briefing hosted by Ayesha Macpherson Lau, who provided an update on the......
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15.12.25 - 04:48
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Hang Seng Bank shareholders to vote on HSBC buyout proposal on January 8 (SCMP)
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HSBC Holdings will host two meetings early next month on its US$14 billion buyout proposal to privatise subsidiary Hang Seng Bank.
The British banking giant announced on Monday the details of the scheme document regarding the privatisation of Hang Seng Bank at HK$155 per share proposed on October 9.
The court meeting and the general meeting of Hang Seng Bank shareholders will be held sequentially from 10.30am on January 8 in Hong Kong. The results of the shareholder votes at both meetings will......
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15.12.25 - 03:36
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Hong Kong stocks slide after China′s economic data shows growth running out of steam (SCMP)
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Hong Kong stocks fell on Monday after key economic data showed China's slowdown extended into November, raising fresh questions about the sustainability of a nearly 30 per cent market rally this year.
The Hang Seng Index declined 0.9 per cent to 25,744.60 as of 10.12am local time. The Hang Seng Tech Index dropped 1.7 per cent. On the mainland, the CSI 300 Index slipped 0.1 per cent and the Shanghai Composite Index retreated 0.2 per cent.
Chinese search engine operator Baidu slid 3 per cent to......
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