Hong Kong – 9 June 2025 — PwC Hong Kong and The Hong Kong Retirement Schemes Association (HKRSA) have released a landmark report to commemorate the 25th anniversary of the Mandatory Provident Fund (MPF), calling for a future-proofed, technology-enhanced system tailored to Hong Kong’s diverse retirement needs.
Entitled Hong Kong’s Mandatory Provident Fund (MPF) System: Paving a visionary path forward, the report outlines a roadmap to reshape the MPF framework with recommendations for a unified investment portfolio, enhanced user engagement, and integration of robo-advisory tools. It highlights how the new eMPF Platform could transform member experiences from basic administration to active financial empowerment.
As of 31 March 2025, the MPF system manages over HK$1.34 trillion (US$170 billion) in assets across 11 million accounts held by 4.79 million members. Despite modest monthly contributions, the system has matured into a significant pillar of Hong Kong’s US$4 trillion asset and wealth management industry.
Marie-Anne Kong, PwC Hong Kong’s Asset & Wealth Management Leader, noted that while the MPF’s per capita value remains modest, greater digitalisation, product variety, and employer-led customisation could drive more robust growth and participation. HKRSA Chair Janet Li added that the MPF has not only cultivated financial discipline but also broadened exposure to global investment markets.
The report also advocates for strategic enhancements like aligning MPF fund offerings with employers’ corporate values (e.g., sustainability) and building default discretionary portfolios for members who prefer passive management. A new model integrating the eMPF Platform into Hong Kong’s broader financial ecosystem could reinforce the city’s standing as a global retirement and investment hub.
To read the full report: Click here.
