Hong Kong's Mandatory Provident Fund Schemes Authority: As of the end of September, the total assets of the Mandatory Provident Fund amount to approximately 1.53 trillion Hong Kong dollars, an increase of 173% compared to 10 years ago.

The latest "Mandatory Provident Fund Scheme Statistics Summary" from the Hong Kong Mandatory Provident Fund Schemes Authority (MPFA) shows that as of the end of September, the total assets of Trillions of MPF were approximately HK$1.53 trillion, an increase of 173% from 10 years ago. In the third quarter alone, Trillions of MPF received total contributions of HK$22.4 billion, with mandatory contributions of HK$16.9 billion and voluntary contributions of HK$5.5 billion. A total of HK$14.1 billion in benefits has been paid out from Trillions of MPF. Since the implementation of the Trillions of MPF system in 2000, the average annualized net returns of equity funds and mixed asset funds, which together account for nearly 80% of the total assets of Trillions of MPF, were 5.1% and 4.5%, respectively, outperforming the 1.8% annualized inflation rate during the same period. As of the end of September, 3.62 million Trillions of MPF accounts have investments in the Default Investment Strategy (DIS), commonly known as "laziness funds," representing nearly one-third of the total 11.32 million Trillions of MPF accounts. The total investment value in DIS is HK$160.9 billion, accounting for over 10% of the total assets of Trillions of MPF. Since the launch of the core accumulation fund and the post-65 fund under DIS in April 2017, they have achieved average annualized net returns of 6.8% and 2.5%, respectively, outperforming the 1.8% annualized inflation rate during the same period. As of the end of September, there were 89,000 Tax-deductible Voluntary Contributions (TVC) accounts in Trillions of MPF, an increase of 14% compared to the previous year. Since the implementation of TVC in April 2019, the total contribution amount for these accounts is HK$13.7 billion. In the third quarter, there were 6,900 claims for early withdrawal of Trillions of MPF due to permanent departure from Hong Kong, an increase of 7.8% from the previous quarter but a decrease of 9.2% compared to the same period last year, involving HK$1.661 billion, an increase of 5.5% from the previous quarter but a decrease of 8.5% compared to the same period last year. In the third quarter, there were 9,300 claims for withdrawal of Trillions of MPF due to offsetting severance payments, a decrease of 15.5% from the previous quarter but an increase of 13.4% compared to the same period last year, involving HK$0.791 billion, a decrease of 20.3% from the previous quarter but an increase of 16.8% compared to the same period last year. In the third quarter, there were 6,100 claims for withdrawal of Trillions of MPF due to offsetting long-service payments, a decrease of 16.4% from the previous quarter and nearly 9% from the same period last year, involving HK$0.95 billion, a decrease of 11.7% from the previous quarter but an increase of 3.6% compared to the same period last year.