Hong Kong MPF Assets Approach HKD1.47tr in August Record

Hong Kong’s Mandatory Provident Fund (MPF) system is set to hit a new high in August, with assets nearing HKD1.47tr (USD188bn). The Hong Kong MPF assets surge marks the fourth consecutive monthly increase, with average account balances climbing to HKD306,749. According to MPF Ratings, members gained around HKD3,930 this month, driven by strong Japan equity fund performance. MPF assets rose 1.3% in the first 20 days, lifting year-to-date investment income to HKD151bn. Projected returns of 11.56% for the first eight months would be the strongest since 2017. Analysts expect more low-cost, index-tracking funds to enter the market as providers compete for a growing retirement savings pool.