Hong Kong MPF Monthly Loss Set for Record as Market Turmoil Bites

Hong Kong MPF monthly loss is set to exceed HKD100bn(USD12.8bn) for March, the worst monthly decline in dollar terms since the retirement scheme was launched 25 years ago, as global market turmoil linked to the Middle East conflict hit pension assets.

MPF Ratings estimated that the city’s 378 MPF funds lost HKD103.3bn in the first three weeks of March, or 6.33%, with each of the scheme’s 4.8 million members losing an average of HKD21,542.

The pension regulator urged members to remain focused on long-term investing and diversification rather than react to short-term volatility.

Analysts said the Hong Kong MPF monthly loss could be followed by continued market pressure if conflict keeps oil prices, inflation and risk assets under strain.