Feng quits Merrill
HONG KONG - Merrill Lynch's China Investment Banking chairman Wilson Feng has resigned.
Feng, who had been at the bank for four years based in Hong Kong, reportedly told a Bloomberg reporter his job was a "nightmare" and he would be looking for a job with a state owned company. A spokesman...
More on Hong Kong
Pressure to lower fees charged to Hong Kong's mandatory pensions
HONG KONG - The government has put pressure on investment managers to lower the fees they charge to run money for the massive Mandatory Provident Fund.
Monday Movers
Kentucky Retirement System, Mercer, PensionsFirst, Towers Watson, Northern Trust, J.P. Morgan
HK$24bn pension payment misses savings opportunity - Mercer
HONG KONG - Government plans to provide an extra HK$24bn ($3.1bn) for Mandatory Provident Fund (MPF) members may miss an important opportunity to stimulate retirement savings, Mercer believes.
Hong Kong's MPF has not encouraged additional savings
HONG KONG - The Mandatory Provident Fund has failed in its task to encourage additional savings, but pending legislation to encourage members to move their assets into other savings vehicles will do just that, said RCM.
Hong Kong fund should cap fees and increase contributions - Mercer
HONG KONG - Hong Kong should limit fees for the city's mandatory pension fund and encourage workers and companies to increase contributions, Mercer says.
