MPF rating: Average earnings per person in September reached HKD 4,200
As of September 23, the Mandatory Provident Fund (MPF) research institution, MPF Ratings, indicated a return rate of approximately 0.5% since September, with investment income of around HKD 19.9 billion. On average, each member earned about HKD 4,200. The quarterly income was around HKD 48.5 billion, and the year-to-date income was approximately HKD 108.1 billion. The total assets of the MPF are expected to increase to around HKD 1.286 trillion. Chairman Trump pointed out that the rate cut by the Federal Reserve and stimulus measures in the mainland have had a positive impact on the market, with the annual income expected to exceed HKD 100 billion
According to the financial news app Zhitong Finance, the Mandatory Provident Fund (MPF) research institution MPF Rating indicated that as of September 23, the return rate recorded so far in September is about 0.5%, the quarterly return to date is about 2.83%, and the year-to-date return is about 8.14%. Calculated in Hong Kong dollars, the investment return from the beginning of September to date is about 19.9 billion HKD, with an average profit of about 4,200 HKD per member among the 4.75 million MPF members. The quarterly investment return to date is about 48.5 billion HKD, with an average profit of about 10,200 HKD per member. The year-to-date investment return is about 108.1 billion HKD, with an average profit of about 22,700 HKD per member.
MPF Rating pointed out that currently, Mainland China and Hong Kong stock funds are the best-performing MPF fund categories in September, while global bond funds have also seen an increase this quarter. Year-to-date, U.S., Japan, and global stock funds have been among the top performers in the investment return rankings, with all fund categories recording positive returns this year.
Taking contributions into account, the total assets of the MPF are expected to rise to about 1.286 trillion HKD by the end of September, an increase of about 23.9 billion HKD from the end of August, about 60.4 billion HKD from the second quarter, and about 145.6 billion HKD year-to-date. This translates to an average account balance of about 270,600 HKD per member among the 4.75 million MPF members, an increase of about 5,000 HKD from the end of August, about 12,700 HKD from the second quarter, and about 30,600 HKD year-to-date.
Chairman of MPF Rating, Cong Chuanpu, mentioned that in September, the Federal Reserve cut interest rates and Mainland China also announced economic stimulus measures. Both are positive catalysts for the market, potentially leading to the MPF recording positive returns for the 7th month in the first 9 months of this year. Year-to-date, all MPF asset categories have recorded positive returns. With the expected gradual rate cuts in the U.S. and the economic growth stimulus measures introduced by Mainland China, this momentum is expected to help the MPF break through an annual return of over 100 billion HKD by 2024