1.5万亿！首次突破

Core Insights - The Hong Kong Mandatory Provident Fund (MPF) has reached a total asset value of HKD 1.5 trillion, marking a significant milestone in its 25-year history, with a net investment return of approximately 15% since the beginning of 2025 [2][4] Group 1: Retirement Coverage and Investment Performance - Prior to the implementation of the MPF, only about one-third of the working population in Hong Kong had retirement protection, but now the coverage rate is nearly 100% [4] - As of October 2023, all types of funds under the MPF have recorded positive annualized investment performance, with stock funds and mixed asset funds achieving average cumulative net returns of 240.5% and 201.3%, respectively, translating to annualized net returns of 5% and 4.5%, outperforming the 1.8% annualized inflation rate [4][5] Group 2: Contribution Trends - There has been a notable increase in voluntary contributions, with 25% of total contributions in the first three quarters of this year being voluntary, nearly double the proportion from ten years ago, indicating growing trust in the MPF for retirement savings [6][4] Group 3: Default Investment Strategy - The Default Investment Strategy (DIS), introduced in 2017, has shown an average annualized net return of 6.9%, significantly outperforming the inflation rate, demonstrating its effectiveness [8][9] - The introduction of the "MPF Easy" platform has streamlined administrative processes and reduced fees, benefiting over 10 million member accounts, which represents more than 90% of the total accounts [9][10]