The Hong Kong Mandatory Provident Fund Schemes Authority announced in a blog post by its chairman that onboarding to the eMPF Platform has been completed, bringing the administration systems of all 12 MPF trustees onto a single electronic platform. The one-stop system now covers all MPF schemes and provides administration services for about five million scheme members, 300,000 employers, 11 million MPF accounts and more than HKD 1.5 trillion in MPF assets, with additional support measures being introduced as demand for services increases. From mid-May, the three eMPF service centres will extend Saturday opening hours, add Sunday sessions and increase appointment slots. Registration and enquiry booths have already begun operating at MTR stations, and the eMPF team will expand community outreach with the Home Affairs Department, the Hong Kong Housing Authority, Heung Yee Kuk and district organisations. Tailored support is also being rolled out for workers in construction and catering MPF Industry Schemes through joint briefings, workplace visits and on-site booths, while weekend support activities for micro, small and medium-sized enterprises will start from mid-May, with further details to be posted on the eMPF website. The authority also highlighted fee reductions linked to scale on the platform. The average administration fee previously charged by trustees was 58 basis points, which fell to 37 basis points after eMPF launched and was reduced further to 29 basis points with effect from 1 April, a 22% cut from the prior eMPF level and half the previous trustee-charged average. The blog said the fee could fall further to 20 to 25 basis points as digital adoption rises and that administration cost savings of HKD 50 billion could be achieved in less than 10 years.
Hong Kong Mandatory Provident Fund Schemes Authority 2026-05-03
Hong Kong Mandatory Provident Fund Schemes Authority completes eMPF onboarding for all 12 trustees and extends service support
The Hong Kong Mandatory Provident Fund Schemes Authority has completed onboarding to the eMPF Platform, consolidating all 12 MPF trustees into a single electronic system covering all schemes, about five million members, 300,000 employers, 11 million accounts and over HKD 1.5 trillion in assets. It is expanding service capacity and outreach, including extended service centre hours, MTR registration booths, community initiatives and tailored support for industry schemes and MSMEs. Average administration fees have fallen from 58 to 29 basis points since eMPF’s launch, with potential further reductions to 20–25 basis points and projected administration cost savings of HKD 50 billion within 10 years.