Hong Kong’s MPF gained US$4.5 billion in first quarter, or US$936 for each member

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Hong Kong and China equities led all asset classes in the first quarter, while US equities slumped, according to MPF Ratings.

That was 13 per cent higher than a year earlier, indicating an average portfolio increase of HK$30,000 per member.“Notably, Hong Kong and China equities led all asset classes in the first quarter while US equities slumped,” said Francis Chung, the chairman of MPF Ratings.“This performance difference should serve as a harsh lesson for the record number of MPF members who switched out of Hong Kong and China equities and into US equities last year.

The results boosted the MPF’s total assets to HK$1.338 trillion as of the end of March.

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Article Details

Author / Journalist: Enoch Yiu

Category: Business

Markets: Hong KongChina

Topics: Cent Year Members Quarter Kong’s Gained Equities Hong Return First Average

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-03 @ 10:00:07 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 233 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 30 words per sentence (average)

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Copyright Owner: © SCMP

News ID: 27551284

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