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According to the statistical data released by the Mandatory Provident Fund Schemes Authority (MPFA), the MPF compliance rate has grown steadily over the past few months.  As at the end of May 2001, 86 per cent of employers, 93 per cent of employees, and 90 per cent of self-employed persons have enrolled.

As at 31 May, the Aggregate Net Asset Values of all schemes amounted to $22.396 billion, including assets transferred from ORSO schemes to MPF schemes.

Amongst this $22.396 billion, 45 per cent has been invested in balanced funds, 22 per cent in guaranteed funds, 17 per cent in equity funds, 13 per cent in capital preservation funds, two per cent in money market funds and one per cent in bond funds. Compared with the end of February, the percentage share of Aggregate Net Asset Values for guaranteed and equity funds have gone up one and two percentage points respectively, while balanced and capital preservation funds have gone down by one and two percentage points.

Statistics released also include the asset allocation of approved constituent funds by geographical region.  As at 31 March, 60 per cent of the total assets of all constituent funds, or about $9.4 billion, has been invested in the local financial market.  Investments in other markets were: North America (16%), Europe (13%), Asia (excluding Hong Kong) (9%) and others (2%).

The latest statistical report was presented to the Mandatory Provident Fund Schemes Advisory Committee in a meeting today (June 28).

The statistical report contains data on the relevant population size of the MPF System, enrolment, MPF Schemes as well as MPF-exempted ORSO Schemes. The report, to be updated quarterly, has been posted on the MPFA website at https://www.mpfa.org.hk/en. A simple text version is also available to allow the visually impaired easy access to MPF-related information.

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28 June 2001