Hong Kong Mandatory Provident Fund Schemes Authority: In the first quarter, the number of MPF accounts withdrawn on the grounds of "permanent departure from Hong Kong" decreased by 9.7% quarterly, involving HKD 1.507 billion
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The Hong Kong Mandatory Provident Fund Schemes Authority announced that as of the end of March 2024, the total assets of the Mandatory Provident Fund reached HKD 1.18 trillion, an increase of 129% compared to 10 years ago. In the first quarter of this year, there were 6,500 claims for withdrawing Mandatory Provident Fund contributions due to permanent departure from Hong Kong, involving an amount of HKD 1.507 billion. The total contributions received by the Mandatory Provident Fund amounted to HKD 22.89 billion, an increase of 7% compared to the previous quarter
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