Strong investment gains and contributions brought total Mandatory Provident Fund (MPF) assets to an all-time high of HK$1.55 trillion (US$199 billion) at the end of 2025, a growth of HK$260 billion from a year earlier, according to the data released on Tuesday by the city’s pension regulator. That meant each of the 4.79 million MPF…
The Mandatory Provident Fund (MPF) turns 25 years old this month, with most of its pension funds delivering solid returns that have enabled all but the most conservative members to outpace both inflation and bank deposits, according to data from the pension regulator. The year-to-date net investment return of the MPF stood at 15 per…
Prestige Construction had history of safety violations before winning renovation contract, documents show Wang Fuk Court residents wrongly told by consultant that Prestige had clean safety record Homeowners repeatedly complained about costs and fire safety after Prestige won contract, tried to revoke agreement Prestige and consultant Will Power now subjects of manslaughter and anti-corruption probes…
Item 1 of 7 Firefighters gather next to bamboo scaffolding debris at the Wang Fuk Court housing complex after the deadly fire, in Tai Po, Hong Kong, China, December 1, 2025. REUTERS/Maxim Shemetov [1/7]Firefighters gather next to bamboo scaffolding debris at the Wang Fuk Court housing complex after the deadly fire, in Tai Po, Hong…
Two hundred still missing, search and rescue ended Eleven arrested in connection with city’s worst fire in decades Hong Kong officials hold three-minute silence on Saturday Britain’s King Charles sends condolences for ‘appalling tragedy’ HONG KONG, Nov 29 (Reuters) – Hong Kong on Saturday mourned the 128 people known to have died in a massive…
Residents had raised concerns about fire hazards posed by ongoing renovation works HK authorities said last year that mesh used by contractors met fire safety standards, though police have since raised fresh suspicions Residents had also complained about use of foam insulation and workers smoking near scaffolding HONG KONG/BEIJING/SINGAPORE, Nov 28 (Reuters) – Residents of…
Three renovation contractors held in manslaughter probe Fire Department expects to wrap up search and rescue operations on Friday Residents spend second night in shelters, some camp out in nearby mall HONG KONG, Nov 28 (Reuters) – Hong Kong fire authorities said they expected to wrap up search and rescue operations after the city’s worst…
Item 1 of 2 Thick smoke billows from the upper floors of a residential block at Wang Fuk Court housing estate during a major fire that engulfed bamboo scaffolding across multiple buildings, in Tai Po, Hong Kong, China, November 27, 2025. REUTERS/Tyrone Siu TPX IMAGES OF THE DAY [1/2]Thick smoke billows from the upper floors…
Item 1 of 2 A boy stands in front of houses damaged by a deadly earthquake that struck Afghanistan’s Kunar and Nangarhar provinces, at Masud village in Nurgal district, Kunar province, Afghanistan, September 4, 2025. REUTERS/Sayed Hassib [1/2]A boy stands in front of houses damaged by a deadly earthquake that struck Afghanistan’s Kunar and Nangarhar…