Hong Kong Monetary Authority: The total assets of the Mandatory Provident Fund reached over HK$1.5 trillion by the end of September 2025 for the first time.

The Hong Kong Mandatory Provident Fund Schemes Authority announced that as of the end of September 2025, the total assets of the MPF system have surpassed HK$1.5 trillion for the first time (a temporary figure of HK$1.53 trillion), with the overall retirement reserves of over 4 million MPF members reaching a new high. Mr. David Wong Yau-kar, Chairman of the MPFA, said that the total assets of the MPF exceeding HK$1.5 trillion marks another important milestone for the MPF system. Of the total asset growth since the beginning of the year, over HK$200 billion were from net investment returns. It is very encouraging to see the total assets of the MPF reaching a new high, as through long-term regular contributions, continuous investments, and the effect of compound interest, the MPF can steadily accumulate retirement reserves for the working population. In addition, the MPFA also announced the interim figures of investment returns for various fund types as of the end of September 2025. The average net returns over the past 12 months for equity funds and mixed asset funds, which together account for nearly 80% of the total assets of the MPF, were 18.8% and 10.6% respectively, with average annualized net returns since the implementation of the MPF system being 5.1% and 4.5% respectively. The MPFA mentioned that the core accumulation fund under the "Default Investment Strategy" (DIS), also known as the "lazy portfolios", had an average net return of 9.8% over the past 12 months and an average annualized net return of 6.8% since its launch in 2017. The average annualized net returns of these fund types since the implementation of the MPF system and since the introduction of DIS are both higher than the relevant annualized inflation rate of 1.8%.