GUM: Mandatory Provident Fund (MPF) comprehensive index rose by 0.3% in October, with an average profit of HK$830 per person.

On November 5th, Trillions of MPF adviser GUM released the October performance of Hong Kong Trillions of MPF. In October 2025, the "GUM Trillions of MPF Comprehensive Index" rose by 0.3% to 284.9 points. The average earnings per person in Trillions of MPF in October were HK$830, while the average earnings from the beginning of the year until now were HK$44,197 per person. Chen Ruilong, Managing Director of GUM, pointed out that at the beginning of October, the stalemate between China and the U.S. on rare earths and tariffs caused market volatility, leading to a sharp decline in stock prices in the short term. The average return per person in Trillions of MPF briefly turned positive in mid-October. However, with President Trump's more moderate comments on social media, market panic subsided and the stock market gradually stabilized. Eventually, both parties suspended the escalation of the rare earths and tariff dispute. On the other hand, the U.S. continued to sign economic and defense agreements with Japan and South Korea, stimulating funds flowing into Asian markets. Regarding asset allocation, Liu Jiahong, Chief Investment Officer of GUM, stated that the prospects for mainland China, Hong Kong, and Japan stock funds are still optimistic, mainly because of the practical attitude shown in the U.S.-China trade negotiations, with both parties focusing on seeking solutions and reducing concerns about escalating conflicts. At the same time, the market expects the Bank of Japan to maintain loose monetary conditions under the policy of new Prime Minister Takahisa Toshihisa, coupled with its active expansionary fiscal spending policy, believing that this will provide support for asset prices.