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MPFA welcomes the measure of facilitating MPF investment into bonds issued by the Central People’s Government and Mainland policy banks

The MPFA welcomes the Secretary for Financial Services and the Treasury’s announcement today (December 22) in his blog about the details of facilitating MPF investment into bonds issued by the Central People’s Government and Mainland policy banks.

 

MPFA Chairman Mrs Ayesha Macpherson Lau said, “In view of the continuous development of the Mainland bond market in recent years, the MPF industry has suggested the MPFA take appropriate action to let MPF funds seize the related investment opportunities.  This initiative will further diversify the products for MPF investment, which is not only responding to the MPF industry but also helping MPF scheme members seize the opportunities in the Mainland bond market to strive for better returns. The MPFA will provide full support to the Government in pursing legislative amendments in order to implement the relevant measure.”

 

Mrs Lau continued, the MPFA keeps enhancing MPF permissible investments from time to time in light of market developments and the industry’s opinions, while protecting the interests of the MPF scheme members and balancing investment returns and risks.

 

Ends

 

22 December 2021