Hong Kong Mandatory Provident Fund Schemes Authority publishes March 2026 MPF digest showing record quarterly contributions and TVC accounts above 100000

The Hong Kong Mandatory Provident Fund Schemes Authority has released the March 2026 edition of its Mandatory Provident Fund Schemes Statistical Digest, covering the MPF system to the end of March 2026. The quarterly report shows first quarter 2026 contributions at a record HKD 24.4 billion, made up of HKD 17.5 billion in mandatory contributions and HKD 6.9 billion in voluntary contributions. It also shows tax-deductible voluntary contribution accounts exceeding 100,000 for the first time, reaching 101,000, up 17% year on year, while contributions into those accounts hit a record quarterly HKD 1.5 billion and cumulative contributions since April 2019 reached HKD 15.6 billion. Total MPF assets stood at about HKD 1,530 billion at the end of March 2026, up 159% over the past 10 years. Since the system began in 2000, equity funds and mixed assets funds, which together account for 80% of total MPF assets, generated average annualised net returns of 4.8% and 4.4% respectively, compared with annualised inflation of 1.8% over the same period. The digest also shows 3.68 million MPF accounts invested in Default Investment Strategy funds, close to one third of the 11.21 million total accounts, with HKD 169.6 billion invested, or more than 10% of total MPF assets. Since the Default Investment Strategy launched on 1 April 2017, the Core Accumulation Fund and Age 65 Plus Fund recorded average annualised net returns of 6.4% and 2.3% respectively, again above annualised inflation of 1.8% for the period.