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The MPFA was invited to participate in a session on “Spirit of the President’s Important Speech” held by Civil Service Bureau yesterday. Today (21 July), a study and sharing session, chaired by MPFA Chairman Mrs Ayesha Macpherson Lau, was subsequently arranged to enable MPFA senior management to engage in discussion to develop a deeper understanding of the spirit of the President’s important speech delivered on the occasion of celebrating the 25th anniversary of Hong Kong's return to the motherland and the inaugural ceremony of the sixth-term Government of the Hong Kong Special Administrative Region.

Mrs Lau said, “It was a privilege for MPFA senior management and me to participate in the session hosted by Chief Executive Mr John Lee, from which we benefited tremendously. Today’s study and sharing session aims to help MPFA colleagues grasp the core essence of President Xi’s important speech, which provides crucial guidance on the future development of the MPFA.”

She continued, “The MPFA has always adhered to the ‘people-based’ principle in our work, putting scheme members’ interests first. When formulating and implementing policies, their impact on scheme members is the most important consideration. The MPFA adopts a pragmatic approach without fear of difficulties, making the continuous improvement of scheme members’ interests our most important objective. Currently, the successful implementation of the eMPF Platform project is of the utmost importance to the MPFA.  As the most important reform since the inception of the MPF System, the Platform is poised to create a brand new user experience, lower administration costs and expedite the digitalization of the MPF industry. All in MPFA are now working together at full steam to ensure the successful implementation of the eMPF Platform project."

President Xi mentioned that the central government fully supports Hong Kong’s effort to maintain its distinctive status and advantages, including to enhance its status as an international financial centre.  Mrs Lau explained that the MPF System is a retirement savings investment plan with wide coverage and that it is closely related to the public’s livelihood. The MPF System can fully capitalize on the advantages of diverse financial products, high-quality services and a robust regulatory system, so that Hong Kong’s status as an international financial centre can benefit more citizens directly.

Following today’s session, the MPFA will continue to organize different activities for MPFA colleagues to continue to study President Xi’s important speech and to deepen their correct understanding of the country’s development.

MPFA Chairman Mrs Ayesha Macpherson Lau shares the spirit of President Xi’s important speech with MPFA senior management.

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21 July 2022