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Getting the most out of your MPF? New platform allows easy ranking of fund returns and fees

The Mandatory Provident Funds Schemes Authority has introduced a platform to help local savers easily assess how their retirements savings plans are performing relative to other funds on offer.The platform, which went live on Monday, will enable the city’s 2.9 million employees to compare fees and investment returns among 429 MPF funds that oversee combined pension assets of HK$893.3 billion (US$113.87 billion), as of March 31. By allowing easier cross referencing, the regulator is seeking to… Source link

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Singapore 

Easy (and cheaper) way to shop on Taobao: Top tips to follow, Singapore News

The dreamland of endless online deals lies at Taobao. In this Chinese online shopping giant, you find everything you can wish for, from electronics and cosmetics to the cheapest wedding gowns and even scandi furniture that will make your home look like a designer hotel room. You don’t need to be a pro online shopper or know how to read Chinese in order to buy from Taobao. The process of finding the best Taobao deals is simpler than you imagine. All you need to do is to follow these tips.…

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Vietnam 

Build a balanced portfolio in four easy steps – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News Brian Spence* Last month, I shared my thoughts on how to prepare for stock market investment. This month, we get more specific and explore how to build a balanced portfolio. Use index funds to anchor your portfolio As you embark on what hopefully will be a lifetime of investing, you’re likely to experience both anxiety and excitement. Instead of fretting about what to do, consider index funds – which can be either of the mutual fund or Exchange-Traded Fund (ETF) variety. Index funds (for example,…

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Global 

Donald Trump should know to give up on his trade or currency wars because they are easy to lose and impossible to win

Donald Trump in effect declared defeat as he walked away from his Hanoi summit with Kim Jong-Un last month, and he might well be advised to do the same in trade negotiations with China before he stumbles even deeper into trouble.Team Trump has opened up a Pandora’s Box and is ill-equipped to deal with what’s inside.Japan could be next on Trump’s hit list for a trade deal and Tokyo fears there could be a currency element in the deal, as there may be yet with China. If so, this would…

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Home 

Can an economy be free and easy?

Using different methodologies, the World Bank’s index for “ease of doing business” and the Heritage Foundation’s recently published “index of economic freedom” result in contrasting rankings. The key takeaway? It would seem that being an easy place to do business does not guarantee economic freedom or vice versa Tap here to launch this special feature Source link

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A recession is looming, easy money is ending and the yuan is falling – get set for 2019, the year of living dangerously

We are fast approaching that critical time of the year when investors must place their bets for 2019. It will be no easy task as investors face a battery of negative forces, adverse headwinds and a sense that the world is sinking into complete confusion. As if investors have not already been through enough hell and high water in the past decade, there is a prevailing sense that things are about to go pear-shaped again. As markets become more focused on capital protection and risk aversion, investors will need to…

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Money 

The world can rest easy, as there is nothing to fear from the Chinese government’s ‘Made in China 2025’ industrial plan

China’s industrial ambitions have the US on edge. But what has actually come of its plans for global technology domination? Beijing is considering delaying targets in its “Made in China 2025” programme, Bloomberg News reported last week. The road map, which seeks to advance domestic production of critical technology, has been a key bone of contention in President Donald Trump’s trade war. Other reports said China may replace the programme altogether and give foreign companies more access to its market. On the same day, though, the State Council said it…

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Ecommerce 

Tightening regulations make fintechs easy takeover targets for banks stepping up digitalisation drive

Embattled financial technology businesses in China, which have come under tightened regulatory scrutiny, are becoming acquisition targets by mainland banks accelerating their digitalisation drive, according to global management consultancy McKinsey. Joe Ngai, managing partner for Greater China at McKinsey, said that tremendous changes are taking place in the mainland’s fintech sector amid the clean-up campaign by regulators to ward off financial risks. “The fintech businesses originally envisioned mounting a challenge on established banks, but the new trend is that more partnerships and acquisitions will be seen as the lenders bank…

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China 

‘Easy to start but tough to stop’: Alibaba’s Jack Ma warns against trade wars

Trade wars are easy to start but difficult to stop and should not be wielded as a weapon between countries, Jack Ma, co-founder of Chinese e-commerce giant Alibaba, told an international forum in Switzerland on Tuesday. “When trade stops, sometimes the war starts. So trade is the way to stop wars. Trade is the way to build up trust. Trade is not the weapon to fight against each other,” Ma said in the opening panel discussion at the World Trade Organisation Public Forum in Geneva. Alibaba owns the South China…

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