Pension Funds
The Government Pension Investment Fund, one of the world’s largest, will likely ignore the finance minister’s call to boost domestic investment, at least in the short run.
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Cybersecurity experts in Hong Kong are urging residents to quickly sign up for the eMPF platform after a scam stole HK$1.8 million from three Mandatory Provident Fund accounts. Police arrested five suspects last week for allegedly using fake IDs to create fraudulent accounts. The incident has raised alarms over the security of the city's HK$1.5 trillion pension assets.