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The MPFA today (6 June) released the March 2023 issue of the Mandatory Provident Fund Schemes Statistical Digest (Statistical Digest), a quarterly report which covers key statistical data of the MPF System up to the end of March 2023, including scheme member enrolment, number of accounts, total MPF assets and investment performance.

The Statistical Digest aims to enhance the information transparency of the MPF by showing the general situation and progress of the MPF System in different areas. 

The key findings in the March 2023 issue of the Statistical Digest are as follows:

• As at the end of March 2023, total MPF assets amounted to $1,110 billion, increasing by 144% over the past 10 years. About $260 billion of the total MPF assets was investment returns, net of fees and charges. 

• Since the inception of the MPF System in 2000, MPF equity funds and mixed assets funds, which accounted for nearly 80% of the total net asset value of the MPF System, registered on average an annualized net rate of return of 4.0% and 3.7% respectively, exceeding the annualized inflation rate of 1.8% for the same period. The cumulative net rates of return of MPF equity fund and mixed assets fund were 140% and 125% respectively.

• Total MPF contributions amounted to $22.48 billion in the first quarter of 2023, of which $16.93 billion (75%) was mandatory contributions and $5.55 billion (25%) was voluntary contributions.

• As at the end of March 2023, about 2.92 million MPF accounts had invested all or part of their assets according to the default investment strategy (DIS) or in the two constituent funds under the DIS, accounting for around 27% of the total number of 10.89 million MPF accounts at the time. The total assets invested amounted to about $89.4 billion, accounting for around 8% of total MPF assets.

• In the first quarter of 2023, the total number of claims for MPF on various grounds (such as retirement) was about 54 000, an increase of 2% from the previous quarter. The number of claims for MPF on the grounds of permanent departure from Hong Kong in the first quarter of 2023 was 6 700, representing a quarter-on-quarter decrease of 4% and a year-on-year decrease of 11%. 
• As at 31 March 2023, the total amount of tax-deductible voluntary contributions (TVC) received was close to $8.6 billion. The number of TVC accounts was around 68 000, reflecting a year-on-year growth of 10%.