More Hongkongers leave money in MPF pension plan to capitalise on market rally

South China Morning PostEN 1 min read 100% complete by Enoch YiuMarch 4, 2026 at 01:30 PM

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In the fourth quarter of 2023, fewer Hong Kong residents withdrew funds from the Mandatory Provident Fund (MPF) compared to the previous quarter. Data from the Mandatory Provident Fund Schemes Authority (MPFA) showed a 39% decrease in withdrawals due to permanent departure from Hong Kong, with 4,200 cases and a total of HK$1.02 billion withdrawn. This decline is attributed to a stock market rally, encouraging members to keep their investments in place. Withdrawals for retirement and early retirement also saw decreases of 5% and 2% respectively, with corresponding declines in the total amounts withdrawn. The MPF currently has 4.8 million members.

Key Entities & Roles

Key Player Opposition Context

Mandatory Provident Fund Schemes Authority (MPFA) ×275% Mandatory Provident Fund (MPF) ×685% Hong Kong ×290%

Keywords

mpf 100% pension plan 90% withdrawals 80% market rally 70% retirement 60% hong kong 60% mandatory provident fund schemes authority 50% investments 40%