Hong Kong’s MPF scores best first half since 2019 as assets hit record of US$157 billion
- The retirement scheme earned HK$12,500 (US$1,600) for each of its 4.75 million members in the first half of 2024 as stock markets rallied
The MPF’s 379 investment funds earned a combined HK$59.6 billion in the first half, equivalent to HK$12,500 for each member, according to MPF Ratings, an independent research firm.
The compulsory retirement fund, which covers 4.75 million members, generated an average return of 5.2 per cent in the first six months of the year, the highest since it returned 8.4 per cent in 2019.
Total assets grew 7.6 per cent as of the end of June, compared with the end of 2023, surpassing the previous record level of HK$1.221 trillion in June 2021. The sum, which takes into account investment gains and new contributions from members, works out to about HK$258,100 per member.
This “reinforces MPF as a highly robust and highly secure retirement savings and investing system that safeguards member assets operationally”, he said.