What's New

MPFA Executive Director (Policy) Eric Cheng participated in a fireside chat at the HKEX ETF Summit 2024 organized by the Hong Kong Exchanges and Clearing Limited (HKEX) yesterday (5 Nov), where he shared the latest developments of Hong Kong’s exchange traded funds (ETF) in the MPF System, and engaged in discussions with representatives from other financial regulators on the future development roadmap of Hong Kong’s ETF market. 

The MPFA always puts scheme members’ interests first and has put efforts into driving fee reductions for their benefit through various means, including facilitating the use of ETF in feeder funds as lower-cost options, or as building blocks in MPF funds to gain exposure to particular markets or sectors in an efficient manner to facilitate portfolio diversification.  To this end, the MPFA has promoted the wider use of ETF by the MPF industry through a range of measures, such as including index-tracking collective investment schemes as permissible investments for MPF funds and refining the constituent fund approval criteria to require MPF trustees to consider using index tracking investment options such as ETF.

Mr Cheng added that the MPFA will continue to encourage MPF fund managers to take advantage of benefits of investing in ETF, thereby providing more diversified products that better serve the needs of scheme members.