The Hong Kong Mandatory Provident Fund Schemes Authority released the June 2025 issue of the Mandatory Provident Fund Schemes Statistical Digest, providing quarterly statistics on the MPF System through end-June 2025, including member enrolment, account numbers, total assets and investment performance. Total MPF assets exceeded HKD 1.4 trillion (about HKD 1,430 billion) at end-June 2025, up 131% over the past decade. Since the MPF’s 2000 launch, equity funds and mixed assets funds, which together represent nearly 80% of MPF assets, delivered average annualised net returns of 4.7% and 4.3% respectively versus 1.8% annualised inflation. Default investment strategy (DIS) funds covered 3.57 million accounts, more than 30% of 11.31 million total accounts, with HKD 150.8 billion invested (over 10% of total assets); since DIS launched on 1 April 2017, the Core Accumulation Fund and Age 65 Plus Fund recorded average annualised net returns of 6.5% and 2.4% respectively versus 1.7% inflation. Tax-deductible voluntary contributions (TVC) accounts reached 88,000 (14% year-on-year growth) with cumulative contributions of HKD 13.4 billion since inception in April 2019, while second-quarter 2025 contributions totalled HKD 22.5 billion (HKD 16.8 billion mandatory and HKD 5.7 billion voluntary) and benefits paid were HKD 12.3 billion.