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Mandatory Provident Fund (MPF)

Mandatory Provident Fund (MPF)
The Mandatory Provident Fund (MPF) is a compulsory pension fund designed by the Hong Kong government as a major protection scheme for the aged and retired residents.  Most employees and their employers are required to contribute monthly.
People vape in Central district on April 25. Photo: Jonathan Wong
Hong Kong society

Letters | Rethink measures against e-cigarettes for a smoke-free Hong Kong

Readers discuss the city’s policy on alternative smoking products, the ‘silver economy’, and the fake-degree industry.

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Hong Kong economy

Editorial | It will pay Hong Kong’s workers to check their savings after MPF shake-up

Hong Kong

Hong Kong lawmakers support fully portable MPF accounts

Hong Kong economy

Hong Kong MPF administration fees down by 36% since launch of digital platform

More than 2.7 million members and 70,000 employers to be managed under new system by end of second phase of migration in August.

Hongkongers at a pedestrian crossing in Central. The eMPF will ultimately allow 12 service providers, 367,000 employers and 4.75 million members to manage fund assets worth HK$1.326 trillion. Photo: Eugene Lee
Wealth management

MPF fund managers told to gird for US holdings after Moody’s cut

About 37 per cent of MPF’s US$167 billion total assets were invested in bond and balanced funds at the end of 2024.

Banking & finance

Hong Kong could be a step closer to listing private equity funds after MPF move

Mandatory Provident Fund Schemes Authority includes private equity funds as permissible investments for the pension fund amid market volatility.

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Banking & finance

Opinion | Hongkongers deserve a financial education that empowers them

Knowing how to spend, save and invest shouldn’t be a luxury for bankers in Central but a necessity for people to thrive.

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People visit shopping mall in Mong Kok during China’s Golden Week holiday, on May 2. Photo: Elson Li
Hong Kong workers/labour rights

Fired, rehired? How Hong Kong bosses plan to save money as MPF mechanism ends

Employers can no longer dip into staff pensions to cover severance and long-service payments, as firms deploy strategies to mitigate impact.

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Hong Kong economy

Editorial | Putting Hong Kong’s workers first on this Labour Day

A minimum wage rise and the end of employer rights to claw back contributions from pensions for severance and long service are taking effect.

Wealth management

UK fund manager Schroders to invest more in Hong Kong, CEO says

‘When we think about where wealth is growing the fastest, it is in Asia,’ Richard Oldfield says.

Richard Oldfield, group chief executive of Schroders, pictured at the firm’s office in Admiralty on April 14, 2025. Photo: Sun Yeung
Wealth management

Hong Kong’s MPF gains US$4.5 billion in first quarter due to market rally

Hong Kong and China equities led all asset classes in the first quarter, while US equities slumped, according to MPF Ratings.

Pedestrians cross the road in Central. Photo: Sam Tsang
Hong Kong healthcare and hospitals

Letters | Why not let Hongkongers pay medical fees with MPF, like in Singapore?

Readers discuss ways to alleviate the fiscal healthcare burden, the impact of the fee revision on low-income families, and the Chinese term for primary healthcare.

Wealth management

Women in Hong Kong face huge retirement income shortfall, Fidelity study shows

Women expect an average monthly expense of HK$24,235 (US$3,120) after retirement but face an income-gap, study shows.

ESG investing

Hong Kong raises ESG disclosure standards for MPF managers

The 12 fund managers have up to end-September to ensure their ESG disclosures match the new requirements.

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The MPF scheme regulator is raising the bar on sustainability disclosures. Photo: Jelly Tse
Banking & finance

Second phase of Hong Kong’s eMPF reform to start in March with more enhancements

Bank of East Asia, Principal Trust Company and two other providers are set to join the pension plan’s digital platform as it scales up.

Ayesha Macpherson Lau, chairwoman of the Mandatory Provident Fund Authority. Photo: Edmond So
Education in Hong Kong

Hong Kong educators took out HK$8.7 billion from pensions in past academic year

Figure represents drop from peak of HK$10.7 billion in 2021-22, in sign that manpower crunch in sector is easing.

Wealth management

Year of the Snake: volatility ahead for Hongkongers’ MPF investments

Sterling returns during the Year of the Dragon will be hard to repeat, with US-China trade relations as an X factor, according to experts.

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Wealth management

Hong Kong’s 2024 pension gained 13% at best pace in 4 years

The increase of HK$102.4 billion (US$13 billion) works out to HK$21,500 per member, says MPF Ratings.

Pedestrians cross a street in Central on August 15, 2024. Photo: May Tse
Hong Kong society

Editorial | Strong gains in MPF provide a measure of relief for pensioners

But there is still a long way to go as three-quarters of Hongkongers expect they will have to work beyond retirement age.

Banking & finance

Banks, insurers rush for gold in Hong Kong’s ‘silver-hair economy’

Residents older than 65 years made up about 22 per cent of Hong Kong’s population of 7.5 million people in 2023, according to government data.

Banking & finance

Hong Kong’s pension nest egg is on course for best return in 4 years

MPF Ratings says ‘members may be tempted to have a US bias in their portfolio, but diversification is important’.

People walked on a footbridge in Central. Photo: Jelly Tse
HKEX

HKEX launches fund platform to boost Hong Kong’s appeal as wealth hub

The first phase of the integrated fund platform launched on Friday provides information on more than 2,000 retail funds.

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The HKEX launched the first phase of an electronic platform that provides data on all retail funds in the city on Friday. Photo: Jonathan Wong
Hong Kong society

Hong Kong transgender woman slams HSBC for outing her with letter to employer

Christine Chu says HSBC sent letter to employer over ‘discrepancies’ in its records, despite receiving copy of Chu’s updated identity card.

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Hong Kong society

Hong Kong treasury chief vows swift response to complaints over e-pension system

Lawmaker Tik Chi-yuen earlier revealed more than 10,000 users had been affected by various issues since eMPF platform launched in June.

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Hong Kong courts

Hong Kong’s MTR Corp accuses Physical of owing it HK$2.8 million in rent, fees

Corporation is seeking to recover HK$320,000, the sum remaining after deducting HK$2.48 million deposit paid by now-defunct gym chain in 2021.

Physical abruptly ended 38 years of business on September 6. Photo: Nora Tam
Mainland China

Hong Kong’s MPF makes US$19 billion in first 9 months fuelled by market rally

Fuelled by interest rate cuts and China’s stimulus measures, the market rally took MPF’s total assets to a record HK$1.327 trillion.

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The MPF’s average account balance for its 4.75 million members was now worth more than a brand-new Tesla Model 3 or a Hermes Birkin handbag. Photo: Xiaomei Chen
Wealth management

Retail fund sales surged on interest rate cuts and China market rally: Fidelity

Hong Kong-based Charlotte Chan says sales of retail funds in Hong Kong doubled from a year earlier.

Consumer protection in Hong Kong

Hong Kong lawmakers seek tougher prepayment protection after Physical gym closure

One legislator flags case in which a Hongkonger paid HK$200,000 for three-decade membership that will last until she is 85.

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