Hong Kong's Pension Fund Achieves Best Returns in Four Years with 13% Growth in 2024

The Mandatory Provident Fund's strong performance boosted retirement savings, with average assets per member rising by HK$31,600.

Hong Kong's Mandatory Provident Fund (MPF) delivered a 13% return in 2024, its strongest performance since 2020.
The fund's total assets grew to HK$1.29 trillion, reflecting an average portfolio value of HK$271,500 per member, up 13% from the previous year.
The MPF's 379 investment funds posted an average return of 8.8%, significantly higher than the 3.5% gain in 2023 and a 15.7% loss in 2022.
Experts attribute the gains to reduced inflation and positive overall investment returns, which bolstered retirement savings for the fund's 4.75 million members.
Despite the strong returns, concerns remain about the adequacy of retirement savings for ensuring a comfortable standard of living in Hong Kong.