MPF Asset Growth Hits Record USD178bn as Hong Kong Accounts Surge

Hong Kong’s Mandatory Provident Fund (MPF) assets have surged past HKD1.4tr (USD178bn) as of end-June, reaching a historic high, according to Ayesha Macpherson Lau, chairwoman of the MPF Schemes Authority.

Lau noted that 125,000 MPF accounts now hold over HKD1m in assets, double the number from five years ago, with 90% of these held by members aged 40 and above. Accounts exceeding HKD2m climbed to 27,000. Since its launch in December 2000, MPF assets have more than doubled from HKD620bn a decade ago. Long-term contributors show an average balance of HKD500,000 from mandatory contributions, with 30% adding voluntary contributions averaging HKD520,000.