Hong Kong’s MPF Achieves Record High Assets in First Half of 2024
Thursday, 4 July 2024, 01:15
The MPF’s Milestone Achievement
In the first half of 2024, Hong Kong’s Mandatory Provident Fund (MPF) achieved a record high of US$157 billion in assets, showcasing strong performance.
Member Benefits and Market Rally
Each of the 4.75 million members earned HK$12,500 (US$1,600) amid a market rally, reflecting the scheme’s profitability and member benefits.
Resilience and Profitability
This milestone underscores the resilience and profitability of the MPF amid market fluctuations, highlighting its strong financial standing.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.