- South China Morning Post
Hong Kong MPF: investors who switched to US stocks miss out on rally as fund rakes in HK$14,000 per member in best performance since 2017
The Mandatory Provident Fund (MPF) put in its best performance in seven years in the first five months of 2024, though members who shifted their cash from Hong Kong and China equities to US stock funds have largely missed the rally. The 379 MPF investment funds earned a combined HK$66.4 billion (US$8.5 billion) as of May 21, according to MPF Ratings, an independent research firm. That is equivalent to HK$14,000 for each of its members. Hong Kong's compulsory retirement fund generated an average
- South China Morning Post
Jimmy Lai lawyer, fugitives target Hong Kong trade offices in talks with US lawmakers
Two Hong Kong fugitives and a lawyer representing jailed media tycoon Jimmy Lai Chee-ying met US lawmakers on Thursday to push for the passage of a bill that could close the city's representative offices in America and advocate for the release of Lai. Speaking at a public round table event organised by the House Select Committee on China, Frances Hui Wing-ting, Joey Siu Nam, and human rights lawyer Jonathan Price also called for the passage of other measures meant to counter alleged human rights
- South China Morning Post
JPMorgan says IPO markets in Hong Kong, mainland China set for turnaround as stock rallies reflate valuations and confidence
A bull run in Hong Kong's stock market has helped raise valuations and improve sentiment among investors, feeding a recovery in fundraising activities on the local bourse and its peers in mainland China, according to JPMorgan Chase. As such, new listing candidates are becoming more reasonable about their expectations for initial public offering (IPO) pricing, according to Sjoerd Leenart, the US bank's head of Asia-Pacific region. Capital-hungry technology start-ups are also likely to be a key gr
