The Mandatory Provident Fund enjoyed a third straight monthly gain in August with an average return of 1.46 per cent, thanks to a robust rally in the Hong Kong and mainland stock markets after the announcement of the Shenzhen-Hong Kong Stock Connect.
The Mandatory Provident Fund (MPF) is a compulsory pension fund designed by the Hong Kong government as a major protection scheme for the aged and retired residents. Most employees and their employers are required to contribute monthly.
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