Core Insights - The overall investment return of Hong Kong's Mandatory Provident Fund (MPF) increased by approximately 3.56% in September, leading to a return of 6.41% for the third quarter of 2025 and a year-to-date cumulative return of 15.83%, marking the strongest performance in the first nine months since 2009 [1] Investment Performance - The estimated investment income for the MPF in September reached HKD 52.5 billion, translating to an average gain of about HKD 10,942 per member among 4.79 million MPF members [1] - Cumulative earnings for the third quarter amounted to HKD 91.8 billion, with an average of HKD 19,150 per member, while total earnings year-to-date surpassed HKD 207 billion, averaging HKD 43,225 per member, setting a new annual earnings record [1] Fund Performance - Hong Kong and mainland China stock funds continued to lead, with a monthly return of 8.47% in September and returns of 15.85% and 37.28% for the third quarter and year-to-date, respectively, representing the third-best nine-month performance in MPF history and the best since 2009 [1] Asset Growth - Including contributions, the total assets of the MPF reached approximately HKD 1.53 trillion by the end of September, marking a record high for the fifth consecutive month, with an increase of HKD 55.46 billion from August [1] - The average account balance per member reached HKD 319,000, an increase of HKD 11,568 from August and a cumulative increase of HKD 49,869 since the beginning of 2025 [1] Investment Strategy - The MPF rating agency indicated that the strong performance of Hong Kong and mainland China stock funds, with a year-to-date return of 37.28%, may lead members to expect continued strong performance; however, it cautioned the importance of maintaining vigilance and adhering to a diversified investment and long-term strategy [1]

Core Insights - The Mandatory Provident Fund (MPF) is expected to record a positive monthly return of 1.3% in August, leading to a year-to-date return of approximately 11.56%, marking the best performance for the first eight months since 2017 [1] - The anticipated investment gains for August are around HKD 18.8 billion, translating to an average profit of about HKD 3,930 per MPF member, with total investment returns since the beginning of 2025 projected to reach approximately HKD 151 billion [1] - Hong Kong and mainland stock funds have led the performance year-to-date with an increase of about 25.94%, while the positive return in August is primarily driven by Japanese stock funds, which have risen approximately 5.23% [1] Asset Growth - The total assets of the MPF are expected to reach a historical high of approximately HKD 1.47 trillion by the end of August, marking the fourth consecutive month of record highs, with an increase of about HKD 21.82 billion from July [1] - The average account balance per member is projected to be around HKD 306,700, which is an increase of about HKD 4,552 from July and a cumulative increase of approximately HKD 37,417 since the beginning of 2025 [1] Market Sentiment - The chairman of MPF Ratings, Cong Chuanpu, indicated that the first eight months of this year represent the best performance for the MPF in the past eight years, suggesting that members may start to demand new fund products to maintain this positive momentum [1]