A page from the Mandatory Provident Fund Schemes Authority’s corporate brochure is displayed on a computer in March. Chief Executive Carrie Lam has proposed HK$29.3 billion in subsidies over 25 years for employers, in a move to scrap the MPF offsetting mechanism under which bosses could draw on staff contributions to the MPF to offset long-service or severance payments. Photo: Martin Chan

Why Hong Kong business opposition to Carrie Lam’s MPF solution is capitalism taken too far

  • There is nothing wrong with profit in and of itself. But there is certainly something wrong with an obsession with profit
Topic |   Mandatory Provident Fund (MPF)

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A page from the Mandatory Provident Fund Schemes Authority’s corporate brochure is displayed on a computer in March. Chief Executive Carrie Lam has proposed HK$29.3 billion in subsidies over 25 years for employers, in a move to scrap the MPF offsetting mechanism under which bosses could draw on staff contributions to the MPF to offset long-service or severance payments. Photo: Martin Chan
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