David Wong Yau-kar, chairman of the Mandatory Provident Fund Schemes Authority, says the authority will to do more to help bring fees down and provide more investment options. Photo: Winson Wong
Hong Kong’s MPF prepares for a digital future, reforms to bring in more investment options, chairman says
- The MPFA’s electronic platform, due to be completed in 2022, will cut down costs, increase transparency and foster competition.
- The MPF stock funds have on average returned 4.5 per cent per year over the past 20 years, beating the inflation rate of 1.8 per cent
Follow your favourite topic and get notified
David Wong Yau-kar, chairman of the Mandatory Provident Fund Schemes Authority, says the authority will to do more to help bring fees down and provide more investment options. Photo: Winson Wong