MPFA likely to get new chairman
If Henry FanÆs contract is not renewed, what does that signal for reforming Hong KongÆs pension system?
Executives among Hong KongÆs pension service providers expect Henry Fan Hung-lingÆs two-year contract as chairman of the Mandatory Provident Fund Schemes Authority (MPFA) will not be renewed when it expires this March.Fan is managing director of Citic Pacific and is currently being investigated by the Securities and Futures Commission over the corporationÆs HK$15.5 billion loss on unauthorised currency trades last year.Since the loss was revealed in October, he suspended activity as M…
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