Xu Zhengyu: The average net return rate of the provident fund reached 8.6% last year and will continuously improve the relevant system.

18:39 24/02/2025

During the speech at the Mandatory Provident Fund (MPF) seminar, Xu Zhengyu expressed that the average net return rate of the MPF reached 8.6% last year, with the total net asset value approaching HK$1.3 trillion by the end of last year, reflecting the resilience and adaptability of the MPF system.

The Commissioner of the Hong Kong Financial Services and the Treasury Bureau, Xu Zhengyu, attended the Trillions of MPF seminar and stated that the average net return rate of the Trillions of MPF last year reached 8.6%, with the total net asset value approaching nearly 1.3 trillion Hong Kong dollars at the end of last year. This reflects the resilience and adaptability of the Trillions of MPF system. He pointed out that the Trillions of MPF system is the cornerstone of retirement protection, and efforts should be made to continuously improve the relevant system. The MPFA has already issued principles in 2021, providing a framework for trustees to incorporate sustainable investment factors into the investment and risk management processes of the Trillions of MPF funds. Xu Zhengyu stated that Hong Kong is a major international financial center in Asia, and the Hong Kong capital market sets the gold standard for green and sustainable finance, providing abundant investment opportunities. As of December last year, the Securities and Futures Commission of Hong Kong had approved over 220 ESG funds, with total assets under management of around 1.2 trillion Hong Kong dollars. Hong Kong will continue to lead the region in issuing green and sustainable bonds from 2021 to 2023.

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