The 4.75 million members of Hong Kong’s Mandatory Provident Fund (MPF) enjoyed a 13 per cent increase in their pension assets in 2024 thanks to the best investment returns in four years. The MPF earned a combined HK$102.4 billion (US$13 billion) last year, equivalent to HK$21,500 for each member, according to data from MPF Ratings,…
BEIJING (Reuters) – China said on Wednesday it will guide big state insurers and commercial insurance funds to increase investments in the A-share market, in a latest move to boost its lagging stock market. Under a plan jointly released by six financial regulators including the securities regulator, big state-owned insurance companies will be directed to…
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: The Federal Reserve held interest rates at a multi-decade high for more than a year. Investors took notice, piling into money market accounts to grab yields that haven’t been available in more than…