According to the Zhitong Finance APP, on January 5th, the Hong Kong Mandatory Provident Fund Authority responded to reports on Mandatory Provident Fund returns released by commercial institutions in the market. The Hong Kong Mandatory Provident Fund Authority reminds members of Mandatory Provident Fund schemes that although there are often different commercial institutions in the market that release data on the performance of Mandatory Provident Fund investments, Mandatory Provident Fund is a long-term investment that spans over 40 years. Members of Mandatory Provident Fund schemes should view Mandatory Provident Fund from a long-term investment perspective. The design of the Mandatory Provident Fund assists plan members in establishing retirement reserves through the "average cost method", with regular fixed contributions and investments that are suitable for individual needs and different stages of life. Plan members should not view Mandatory Provident Fund (MPF) through short-term investment methods, nor should they attempt to predict the best market entry timing to capture the market.
According to temporary statistics from the Mandatory Provident Fund Authority, the investment in the Mandatory Provident Fund for the whole year of 2023 recorded a positive investment return, with an overall return of 3.5%. All six types of Mandatory Provident Fund (MPF) funds, including stock funds, mixed asset funds, bond funds, guarantee funds, MPF conservative funds, and money market funds (excluding MPF conservative funds), recorded a total positive return of 0.8% to 7.2%, while the core accumulation fund under the "preset investment strategy" recorded an average positive return of 14.3%. As of the end of 2023, the total assets of the Mandatory Provident Fund (MPF) are approximately HKD 1.14 trillion, indicating the stability of the MPF system and its ability to bring certain added value to the retirement reserves of the working population.