HK Mandatory Provident Fund Schemes Authority: As of the end of March, the total assets of mandatory provident funds exceeded HK$1.5 trillion, an increase of more than 1.5 times compared to ten years ago.

On September 1, the Hong Kong Mandatory Provident Fund Schemes Authority (MPFA) and its wholly-owned subsidiary, MPF Easy Platform Limited, released the Annual Report for 2025-26. In the MPFA annual report, Chairman Liu Mai Jia-hsuan pointed out that by the end of March 2026, the total assets of Trillions of MPF exceeded HKD 15 trillion, a growth of over 150% compared to ten years ago. In the fiscal year, the total contributions to Trillions of MPF reached HKD 91.23 billion, exceeding HKD 90 billion for the second consecutive fiscal year. In the 2025-26 fiscal year, voluntary contributions accounted for 26% of the total contributions to Trillions of MPF. In addition to employer-made voluntary contributions, the voluntary contributions from plan members continued to increase, reflecting their growing confidence in Trillions of MPF. As the most significant reform of Trillions of MPF, the MPF Easy Platform completed its final phase of implementation during the fiscal year. With the successful launch of the last Trillions of MPF plan in April this year, all 24 Trillions of MPF plans have smoothly joined MPF Easy, covering over 280,000 employers and nearly 5 million plan members. The MPFA made significant progress in various areas, including optimizing Trillions of MPF investment regulations, reducing the fees for MPF Easy from 37 basis points (0.37%) to 29 basis points (0.29%) as of April 1 this year, which is half the average level of administrative fees charged by trustees before the launch of MPF Easy, and gaining legislative council approval for the first phase of the Trillions of MPF full portability scheme's legal amendments. Other highlights of the MPFA and MPF Easy Company's Annual Report for 2025-26 include: there are 101,000 tax-deductible voluntary contribution accounts with cumulative contributions of HKD 15.61 billion since the measure was introduced; a total of 3.7 million Trillions of MPF accounts are invested in DIS component funds, accounting for approximately 32.9% of the total 11.2 million Trillions of MPF accounts, involving assets of HKD 169.61 billion, which constitutes about 11.1% of Trillions of MPF's total assets; and successfully recovering HKD 177 million in overdue contributions for more than 90,000 employees. In the reported fiscal year, the MPFA recorded a surplus of approximately HKD 2.19 million, marking a surplus for the second consecutive fiscal year. MPF Easy Company recorded a surplus of HKD 1.189 billion, which will be retained as operational reserves. Once MPF Easy Company successfully accumulates enough reserves for future operations and development, any surplus beyond the required operational reserve level will be used to further reduce MPF Easy fees, directly benefiting the members of Trillions of MPF plans. As of the end of April 2026, MPF Easy has processed over 11.8 million transactions, of which approximately 78% of the instructions were submitted digitally.