The Hong Kong Mandatory Provident Fund Schemes Authority published the December 2024 issue of the Mandatory Provident Fund Schemes Statistical Digest, a quarterly report summarising key statistical data on the Mandatory Provident Fund (MPF) system up to end-December 2024, including enrolment and account metrics, total assets and investment performance. Total MPF assets were around HKD 1.29 trillion, up 128% over the past 10 years. Since the MPF system began in 2000, MPF equity funds and mixed assets funds, which together accounted for nearly 80% of assets, recorded average annualised net returns of 4.3% and 4.0% respectively, compared with an annualised inflation rate of 1.8% over the same period. Default Investment Strategy (DIS) holdings reached 3.47 million accounts (30% of 11.23 million accounts) with HKD 134.6 billion invested (10% of assets), while the Core Accumulation Fund and Age 65 Plus Fund delivered average annualised net returns of 6.0% and 2.0% respectively since the DIS launch on 1 April 2017. Tax-deductible voluntary contributions (TVC) accounts totalled 80,000 as at 31 December 2024, up 12% year on year, with cumulative contributions of HKD 11.6 billion since April 2019, and total MPF contributions received in Q4 2024 were HKD 22.3 billion with benefits paid of HKD 12.0 billion.
Hong Kong Mandatory Provident Fund Schemes Authority 2025-02-28
Hong Kong Mandatory Provident Fund Schemes Authority releases December 2024 MPF Statistical Digest showing assets at around HKD 1.29 trillion
The Hong Kong Mandatory Provident Fund Schemes Authority's December 2024 Statistical Digest reports total MPF assets at HKD 1.29 trillion, a 128% increase over 10 years. MPF equity and mixed assets funds, nearly 80% of assets, achieved average annualised net returns of 4.3% and 4.0%, against 1.8% inflation. Default Investment Strategy holdings made up 30% of accounts with HKD 134.6 billion invested, while tax-deductible voluntary contributions rose 12% year on year to 80,000 accounts.