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. 

The MPF’s recent gains have been led by China and Hong Kong equity funds. Credit: AFP

MPF reports third monthly gain thanks to Shenzhen-Hong Kong Connect

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.