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The MPFA will place investor education in one of its utmost priorities as the newly launched MPF market will gradually shift the investment funds market from an institutional base to a retail base in the years to come.

Speaking to the Hong Kong Federation of Business Students today (Saturday), the MPFA Deputy Managing Director, Mr Alan Wong, pointed out that there will be a fundamental change of the market structure of asset management and fund investment. “Traditionally, the decision to invest in a particular fund is made by institutional clients. In the MPF market, however, the decision is made by individual members of MPF schemes,” he said.

In view of this, the MPFA has been working closely with the Investment Funds Association and the Securities and Futures Commission to publish investor education brochures on MPF fund investment.  Moreover, the MPFA and other financial regulators will co-organize the MoneyWorld Asia Exhibition in May to penetrate into the market of the investing public. Apart from these, the MPFA will also invite fund investment professionals as speakers for a number of investment workshops and seminars.

At the district level, the MPFA has been co-ordinating with local district groups, workers unions and trade associations to offer investment seminars to their members.  To reach out to a wide cross-section of the community, an MPF Task Force was also set up in February to offer enquiry service at the 18 local district offices, with the help of the Home Affairs Department.

The MPFA will continue to work closely with the community and the industry to enhance investor education in the coming year.

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10 March 2001