Mandatory Provident Fund (MPF) scheme members in Hong Kong saw an average gain of HKD5,411 (USD697) in H1 2023, according to MPF consultant GUM. Despite market volatility in Hong Kong and Greater China, the MPF funds achieved a 2.2% increase as of June 23. The three major fund indices also reported positive returns, with the North American equity fund leading with a 16% return. Despite this, GUM anticipates single-digit full-year returns due to geopolitical tensions and China's slowing economic recovery. However, GUM suggested that if mainland China implements targeted policy measures to stimulate the economy in H2, Hong Kong stocks could rise to 21,000 points, generating a 5-6% return for MPF funds.
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