Hong Kong is making retirement funds clearer! Imagine your piggy bank for when you're grown up. Hong Kong's government wants to make sure everyone understands how their retirement money is invested.
They're focusing on 'ESG' funds – these are investments that care about the environment, social issues, and good company practices. It's like choosing toys made from recycled materials instead of plastic!
- Fund managers need to explain how they invest your money in a way everyone can understand.
- They need to show how they try to make their investments better for the planet and society.
- They have until September to improve how they share information.
| Fact | Number |
|---|---|
| Total assets in affected ESG funds | US$4.71 billion |
| Total assets in Hong Kong's retirement plan | US$1.68 trillion |
| Number of salaried workers in the plan | 4.75 million |
