Hong Kong MPF Sees Strongest First-Half Gains in Nearly a Decade

Hong Kong’s Mandatory Provident Fund (MPF) recorded its strongest first-half performance since 2016, with the composite index rising 8.9% from January to June, exceeding its full-year 2023 gain of 8.8%, according to consultancy GUM. The average account saw paper gains of HKD24,213.

All major asset classes posted gains, led by a 22% surge in Hong Kong stock funds amid robust IPO activity and easing Sino-US tensions. Equity funds grew by 11.7%, mixed assets by 9.4%, and fixed income by 2.5%. GUM forecasts a 10–12% return for 2025, with further upside from potential US rate cuts.