Hong Kong Mandatory Provident Fund Schemes Authority releases March 2025 MPF Statistical Digest with HKD 1,340 billion in assets and record Q1 2025 contributions

The Hong Kong Mandatory Provident Fund Schemes Authority published the March 2025 issue of the Mandatory Provident Fund Schemes Statistical Digest, a quarterly report summarising key MPF system statistics as at the end of March 2025. The digest reports total MPF assets of around HKD 1,340 billion and a quarterly record high of HKD 23.9 billion in total MPF contributions received in the first quarter of 2025. Total MPF assets were up 125% over the past 10 years. Since the MPF system’s inception in 2000, equity funds and mixed assets funds, which together accounted for nearly 80% of MPF assets, recorded average annualised net returns of 4.5% and 4.0% respectively versus 1.8% annualised inflation over the same period. Default Investment Strategy (DIS) holdings covered 3.52 million accounts, more than 30% of the 11.26 million MPF accounts, with HKD 138.1 billion invested (over 10% of total MPF assets); since the DIS launched on 1 April 2017, the Core Accumulation Fund and Age 65 Plus Fund delivered average annualised net returns of 5.7% and 2.0% respectively, above 1.8% annualised inflation for that period. Tax-deductible voluntary contributions accounts totalled 87,000 (up 15% year on year), with Q1 2025 contributions of HKD 1.3 billion, the highest quarterly figure since inception in April 2019; cumulative TVC contributions reached HKD 12.9 billion. Of the Q1 2025 MPF contributions, HKD 17.4 billion (73%) were mandatory and HKD 6.5 billion (27%) were voluntary, while benefits paid amounted to HKD 12.8 billion.