What's New

With the development of the eMPF Platform as the top priority of the MPFA, the management team attended two public occasions separately today (1 Nov) giving an update on the progress of the project to stakeholders from the pension industry, financial regulators, IT and human resources sectors. 

At the Hong Kong Retirement Schemes Association (HKRSA)’s seminar, Acting Managing Director Mr Cheng Yan-chee delivered a keynote speech highlighting that the eMPF Platform would be a “fit for the purpose” common digital platform which will create a win-win-win situation for employees, employers and the industry. On 22 October, the relevant legislative amendment was passed by the Legislative Council which provided a legal basis for the future operation of the Platform, marking another major milestone of the project.

Meanwhile, General Manager (eMPF) Mr John Wan spoke at a panel at the Cyberport FinTech InnoCon 2021. He said that the eMPF Platform is being developed at full speed. Subject to the orderly transfer of account information to the eMPF Platform from early 2023 at the earliest, the Platform would come into full operation in 2025 at the earliest. Mr Wan expected that this major financial infrastructure would propel the entire MPF ecosystem into a new digital era.