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Financial literacyi

Get up-to-speed with our features on financial literacy for millennials, including investing, banking, shares, debt, money-saving and taxes.

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  • Experts break down why personal retirement accounts are failing to entice Chinese people to save for the future like the West has done for decades
  • After a stretch of trials in select Chinese cities, there is rising urgency to expand the underperforming pension plan as demographic challenges mount

China Life, Bank of East Asia, YF Life, Bank of Communications and RBC Investor Services Trust will be the first batch of pension providers when the MPF kicks off its electronic platform next year.

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Meagre incomes don’t leave workers with much at the end of the month, and millions are pushed deeper into debt as they take out new loans to get by.

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Before the global #FreeBritney movement, Macaulay Culkin and Jena Malone emancipated themselves from their parents to keep control of their cash – who else suffered money problems on their way up?

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The switch to a digital platform will save the 4.5 million Mandatory Provident Fund members as much as US$5.14 billion over 10 years, MPFA’s Lau says.

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Readers discuss improving financial literacy among the disadvantaged groups in Hong Kong, and call for a more sympathetic attitude to the city’s homeless.

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From faster payments to Wealth Management Connect, Hong Kong has adopted a number of measures in recent years to bolster its bona fides as a fintech hub.

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A video from influencer Wang Shenai, who pushes the limits of frugality, is being hotly debated in China, as some people wonder if it is worthwhile, or possible, to emulate her lifestyle.

The Securities and Futures Commission introduced tougher regulations on investment-linked assurance schemes in a bid to improve transparency and protect investors.

Hong Kong’s pension regulator is considering changing its investment rules that could allow the 4.5 million MPF members to invest in sovereign bonds.

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The change of heart by the exchange underscores its need to balance its pursuit of a robust pipeline in initial public offerings with an acceptable minimum standard and quality on the exchange.

On a busy street in Hong Kong’s Central district, a shopfront sticks out. Painted on its pure white exterior are the words ‘How’s your coffee today?’

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The equity trading revolution playing out in the US is unlikely to be matched any time soon in Asia and Europe because tighter restrictions on short selling, limited options trading and higher taxes and fees will keep it a US game for now.

The first sale in four years of Hong Kong’s inflation-linked bonds got off to an encouraging start on Friday, as investors sought refuge in government-guaranteed returns in an environment of declining interest rates.

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As Hongkongers evaluate the first inflation-linked bond offering since July 2016 later this month, few things are worth noting. Economic conditions and risks surrounding the impending sale are different this time.

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The Motley Fool, which advises millions of small stock investors worldwide, cited the national security law, anti-government protests and souring US-China relations for its decision to depart.

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A two-day rally in Next Digital’s shares has receded as quickly as it rose, much like the metaphor “be water” that guided Hong Kong’s anti-government protests, leaving the city’s financial regulators to deal with volatility driven by highly motivated participants in the age of social media.

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Many Chinese companies have taken a big hit from the coronavirus pandemic. And as they struggle to repay debts, pressure is mounting on the country’s small lenders.

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China is tightening its personal income tax law by extending the dragnet to income earned globally, with employees of state-owned enterprises based in Hong Kong first to suffer.

The previously unreported outreach by the CSRC was too late to stave off retribution by the US Congress to punish Chinese companies for what Louisiana Republican Senator John Kennedy called “cheating” in America’s capital markets, amid deteriorating US-China relations.

These entrepreneurs all made a million dollars or more before retiring in their thirties – how are their investments holding up amid the financial storms resulting from the economic impact of coronavirus?

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