Hong Kong’s pension fund suffers a loss in June but reports first-half gains
On average, each MPF member saw a pension savings loss of HK$5,087 in June, but gained HK$18,500 in the first six months, according to MPF Ratings
Hong Kong’s Mandatory Provident Fund (MPF), the city’s compulsory retirement scheme covering 4.8 million members, recorded a HK$24.4 billion (US$3.12 billion) loss in June, eroding the gains it made in the first half of this year to HK$88.8 billion.
On average, each MPF member saw their pension savings suffer an investment loss of HK$5,087 in June, but they still made gains of HK$18,500 over the first six months of 2026, according to data from independent research company MPF Ratings.
The monthly loss in June was lower than the loss of HK$20,071 in March, MPF Ratings said.
“According to the Chinese, ‘8’ is a lucky number. MPF has delivered HK$88.8 billion in investment gains in the first half of this year, which means more luck for members,” said Francis Chung, chairman of MPF Ratings.
Total MPF assets stood at HK$1.67 trillion (US$214 billion) at the end of June, up 7 per cent, or HK$112.1 billion from the end of last year, reflecting a combination of investment gains in the first half of this year and ongoing member contributions. On average, each member had HK$347,500 in their MPF balance by the end of June.
The scheme’s 378 investment funds posted an average loss of 1.45 per cent in June, compared with a loss of 6.27 per cent in March, which was the deepest decline since September 2022, when losses reached 7.87 per cent.