Trustees compete in MPF bun-fight

The competition for MPF market share will be intense. And not many trustees will survive.

If two is competition, twenty-one is definitely a crowd. That's the number of financial institutions in Hong Kong waging battles to be the dominant trustees in the potentially lucrative Mandatory Provident Fund MPF market.

Fund managers are hoping the MPF market will inject as much as HK$30 billion US$3.8billion a year into their portfolios come December 1, 2000 when the city's 300,000 employers are required to begin contributing 5% of their workers' salary to retirement funds....

To continue reading, please login or register for free

Click for more on: trustees | compete | mpf | bunfight

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...