Hong Kong’s mandatory pension fund has grown to HK$1 trillion for the first time in two decades, putting it among the world’s 20 largest savings schemes, after a stellar third quarter. Pedestrians in Central on 29 June 2020. Photo: Winson Wong Hong Kong’s mandatory pension fund has grown to HK$1 trillion for the first time in two decades, putting it among the world’s 20 largest savings schemes, after a stellar third quarter. Pedestrians in Central on 29 June 2020. Photo: Winson Wong
Hong Kong’s mandatory pension fund has grown to HK$1 trillion for the first time in two decades, putting it among the world’s 20 largest savings schemes, after a stellar third quarter. Pedestrians in Central on 29 June 2020. Photo: Winson Wong

Hong Kong’s mandatory pension scheme hits HK$1 trillion for the first time in 20 years after a stellar third quarter

  • The compulsory retirement scheme’s assets hit the HK$1 trillion (US$129 billion) mark for the first time as stock funds in Asia, China, Japan and the US generated returns of up to 9 per cent
  • It puts the MPF on course to join the top 20 largest pension funds worldwide, according to data from pension consultant Willis Towers Watson

Topic |   Mandatory Provident Fund (MPF)
Hong Kong’s mandatory pension fund has grown to HK$1 trillion for the first time in two decades, putting it among the world’s 20 largest savings schemes, after a stellar third quarter. Pedestrians in Central on 29 June 2020. Photo: Winson Wong Hong Kong’s mandatory pension fund has grown to HK$1 trillion for the first time in two decades, putting it among the world’s 20 largest savings schemes, after a stellar third quarter. Pedestrians in Central on 29 June 2020. Photo: Winson Wong
Hong Kong’s mandatory pension fund has grown to HK$1 trillion for the first time in two decades, putting it among the world’s 20 largest savings schemes, after a stellar third quarter. Pedestrians in Central on 29 June 2020. Photo: Winson Wong
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