Hong Kong's Financial Services Development Council (FSDC) suggests expanding the investment scope of the Mandatory Provident Fund (MPF) and attracting mainland pension funds to invest globally through Hong Kong.
Hong Kong should consider allowing its Mandatory Provident Fund (MPF) to invest in a broader range of asset classes and attract more long-term, patient mainland Chinese capital, such as pension funds, to invest globally through the city, the Financial Services Development Council (FSDC) said in a report on Tuesday. The MPF, Hong Kong's mandatory retirement savings scheme, currently holds HK$1.67 trillion (approximately US$213 billion) in total assets, primarily invested in stocks, bonds, and deposits.
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