MPF’s total assets break HK$1.70 trillion for the first time ever

MPF research house MPF Ratings reported on 3 September that total MPF assets have surpassed HK$1.70 trillion for the first time ever, setting a historic high since the system’s inception. The institution noted that strong earnings from major providers drove the record size, and historical patterns suggest the system is on track to end the year on a positive note.

Provider earnings lift asset base

• MPF Ratings said its 2026 August MPF Performance Survey is now available, with the system posting a positive monthly return and cumulative year-to-date investment gains reaching HK$122.1 billion — the second-highest on record — averaging roughly HK$25,000 per member.
• As of end-July 2026, total MPF assets stood at about HK$1.68 trillion across roughly 4.97 million members, with an average account balance near HK$338,000; buoyed by provider profits, the asset base pushed through the HK$1.70 trillion mark in August.
• Equity funds shone: powered by an AI-supply-chain theme, Asian equity funds led all categories with a 25.6% YTD return, ahead of Japanese (21.4%) and Greater China (15.4%) equity funds.

A milestone for long-term savers

As MPF approaches its 25th anniversary, assets breaking successive HK$1.5 trillion and HK$1.7 trillion barriers reflect the steady build-up of Hong Kong workers’ retirement reserves. Experts caution members against churning funds on short-term swings, urging disciplined diversified allocation and use of the annual tax-deductible voluntary contribution (TVC) allowance to capture long-term growth.