https://www.scmp.com/rss/522948/feed The latest news and top stories on Kenrick Chung. He oversees corporate solutions at Bay Insurance Brokers. Previously, he held roles in MPF business development and employee benefits at Convoy Financial Services and Realife Insurance Brokers, respectively. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Enoch Yiu Enoch Yiu Fewer Hongkongers withdrew funds from the city’s mandatory pension plan in the fourth quarter of last year, as a stock market rally prompted more members to leave their investments in place even when they stopped working or left the city, according to analysts. The number of people taking their money out of the Mandatory Provident Fund (MPF) because they were leaving Hong Kong permanently fell 39 per cent in the final three months of 2025 from the previous quarter, to 4,200 cases, according to... https://www.scmp.com/business/banking-finance/article/3345458/more-hongkongers-leave-money-mpf-pension-plan-capitalise-market-rally?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3345458/more-hongkongers-leave-money-mpf-pension-plan-capitalise-market-rally?utm_source=rss_feed Wed, 04 Mar 2026 12:30:08 +0000 Enoch Yiu Enoch Yiu The Year of the Horse is set to bring volatility for the investments of Hong Kong’s 4.8 million Mandatory Provident Fund (MPF) members, following a record-breaking Year of the Snake that ended on Monday, according to analysts. The next zodiac year, which begins on Tuesday, is the seventh in the Chinese lunar calendar’s 12-year cycle, each represented by an animal. The Year of the Snake delivered estimated earnings of HK$251.6 billion (US$32 billion), the highest on record since the MPF was... https://www.scmp.com/business/banking-finance/article/3343304/can-hong-kongs-48-million-mpf-members-repeat-record-gains-year-horse?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3343304/can-hong-kongs-48-million-mpf-members-repeat-record-gains-year-horse?utm_source=rss_feed Mon, 16 Feb 2026 02:00:09 +0000 Enoch Yiu Enoch Yiu Strong investment gains and contributions brought total Mandatory Provident Fund (MPF) assets to an all-time high of HK$1.55 trillion (US$199 billion) at the end of 2025, a growth of HK$260 billion from a year earlier, according to the data released on Tuesday by the city’s pension regulator. That meant each of the 4.79 million MPF members had an average of HK$323,590 in their account last year, about HK$54,749 more than in 2024, based on the Post’s calculations using data from the Mandatory... https://www.scmp.com/business/article/3338941/mpf-assets-grow-record-us199-billion-back-hong-kong-stock-market-rally?utm_source=rss_feed https://www.scmp.com/business/article/3338941/mpf-assets-grow-record-us199-billion-back-hong-kong-stock-market-rally?utm_source=rss_feed Tue, 06 Jan 2026 10:31:40 +0000 Enoch Yiu Enoch Yiu The Mandatory Provident Fund (MPF) turns 25 years old this month, with most of its pension funds delivering solid returns that have enabled all but the most conservative members to outpace both inflation and bank deposits, according to data from the pension regulator. The year-to-date net investment return of the MPF stood at 15 per cent, putting the retirement scheme on track for its best year since 2017, when it reported an annual return of 22.3 per cent, according to data from the Mandatory... https://www.scmp.com/business/markets/article/3335674/hong-kongs-mpf-marks-25-years-strong-returns-growing-public-confidence?utm_source=rss_feed https://www.scmp.com/business/markets/article/3335674/hong-kongs-mpf-marks-25-years-strong-returns-growing-public-confidence?utm_source=rss_feed Tue, 09 Dec 2025 02:00:09 +0000 Enoch Yiu Enoch Yiu The Hong Kong Mandatory Provident Fund (MPF) achieved record earnings of HK$207 billion (US$26.5 billion) in the first nine months of this year, pushing total assets to the HK$1.5 trillion mark for the first time, according to the pension regulator on Monday. The performance translated to an average gain of HK$43,225 for each of the 4.8 million MPF members, according to data from MPF Ratings, an independent research firm. The record figure for the first three quarters of the year was 18 per cent... https://www.scmp.com/business/banking-finance/article/3328036/hong-kongs-mpf-assets-hit-hk15-trillion-after-record-gain-first-9-months?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3328036/hong-kongs-mpf-assets-hit-hk15-trillion-after-record-gain-first-9-months?utm_source=rss_feed Tue, 07 Oct 2025 01:15:07 +0000 Enoch Yiu Enoch Yiu Hong Kong’s pension regulator said the number of millionaires in its scheme doubled as the total assets of the Mandatory Provident Fund (MPF) reached an all-time high of HK$1.4 trillion (US$178 billion) as of June, an increase of 130 per cent from 10 years earlier. In a blog post on Sunday, Mandatory Provident Fund Schemes Authority (MPFA) chairwoman Ayesha Macpherson Lau said around 125,000 MPF members had assets of more than HK$1 million, double the tally from five years earlier. The MPFA... https://www.scmp.com/business/banking-finance/article/3319645/number-millionaires-hong-kong-mpf-doubles-assets-hit-us178-billion-mpfa-chair?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3319645/number-millionaires-hong-kong-mpf-doubles-assets-hit-us178-billion-mpfa-chair?utm_source=rss_feed Sun, 27 Jul 2025 02:00:29 +0000 Enoch Yiu Enoch Yiu Hong Kong insurers are likely to face smaller claims for damages related to Typhoon Wipha than the previous major hurricane that hit the city two years ago because the impact was less severe this time, according to industry analysts. The local unit of Zurich Insurance and some general insurers reported fewer claims on Monday, compared with submissions for compensation related to Typhoon Saola in September 2023, company executives said. The city raised the typhoon warning to its highest level No.... https://www.scmp.com/business/article/3319031/typhoon-wipha-insurance-claims-likely-be-half-saolas-toll-analysts-say?utm_source=rss_feed https://www.scmp.com/business/article/3319031/typhoon-wipha-insurance-claims-likely-be-half-saolas-toll-analysts-say?utm_source=rss_feed Mon, 21 Jul 2025 10:30:12 +0000 Enoch Yiu Enoch Yiu HSBC, Manulife and BOC Life are among the financial firms courting retirees with new investment products that offer regular income streams amid a broader government-led initiative to capture opportunities in the so-called silver economy. The city’s biggest lender, HSBC, last week launched five retirement-solution funds, which offer a non-guaranteed target dividend payout rate of 6 per cent a year. More retirement-focused funds would be added to the suite in the second half of 2025, the bank... https://www.scmp.com/business/banking-finance/article/3317255/hsbc-manulife-boc-life-target-hong-kongs-silver-economy-regular-income-products?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3317255/hsbc-manulife-boc-life-target-hong-kongs-silver-economy-regular-income-products?utm_source=rss_feed Mon, 07 Jul 2025 23:30:08 +0000 Enoch Yiu Enoch Yiu Hong Kong’s Mandatory Provident Fund (MPF) achieved its third-best interim performance as a rally in Chinese stocks this year improved returns and helped lift total assets to the highest level since its inception in 2000. Managers overseeing 379 investment funds under the compulsory retirement scheme generated a combined HK$115 billion (US$14.6 billion) of income from January to June this year, according to MPF Ratings, an independent research firm. That was equivalent to HK$24,100 for each of... https://www.scmp.com/business/article/3317168/hong-kongs-mpf-funds-earn-hk24100-member-first-half-research-firm-says?utm_source=rss_feed https://www.scmp.com/business/article/3317168/hong-kongs-mpf-funds-earn-hk24100-member-first-half-research-firm-says?utm_source=rss_feed Mon, 07 Jul 2025 01:15:29 +0000