Weekly Digest: MPF gains in H1; Singapore rejigs tax incentives for family offices
Hong Kong's MPF investments gain from US equities; Singapore's MAS announces more incentives for single family offices; Hong Kong's insurers move one step closer to a risk-based capital regime; Roojai to acquire FWD General Insurance in Thailand; and more.
TOP NEWS OF THE WEEK
The Mandatory Provident Fund (MPF) system recorded an investment gain of 3.07%, or HK$32.2 billion ($4.1 billion), for the first half of 2023, according to MPF ratings.
After factoring in investment gains and contributions, total MPF assets ended June 2023 at approximately HK$1.11 trillion, up HK$60.5 billion since the beginning of 2023.
US equities was MPF’s best-performing asset class year-to-date.
Despite a rebound in June, Hong Kong and China equity …
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.