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The MPFA held a study and sharing session on “Spirit of the President’s Important Speech” today (21 July) chaired by MPFA Chairman Mrs Ayesha Macpherson Lau 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. Today’s 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.

Mrs Lau said, “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 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 presence 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.