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eNews
Navigating the End of the MPF Offsetting Mechanism in Hong Kong : Implications for Employers
The Mandatory Provident Fund (“MPF”) system in Hong Kong will undergo a significant change with the abolition of the MPF offsetting mechanism, effective 1 May 2025, leaving considerable implications for both employers and employees in Hong Kong. This eNews aims to provide clarity on this important development and guide businesses through the transition.
Understanding the MPF System and the Offsetting Mechanism
Established in 2000, Hong Kong's MPF system is a mandato...
China Updates
Labour Law Updates and 2025 Outlook : Key Changes and Trends
In 2024, the Chinese government introduced major changes to the labour law framework in response to demographic shifts, economic pressures, and global privacy and data protection challenges. These changes will take place gradually and are expected to have a long-lasting impact on all employees in China. However, employers should benefit from a more stable workforce. Key updates to the China labour law changes in 2024 are outlined below.
Gradual Increase of Retirement Age in China
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