HK Current Affairs

Hong Kong to Facilitate MPF Investments in Chinese Debts as Foreign Investors Leave

Hong Kong to Facilitate MPF Investments in Chinese Debts as Foreign Investors Leave
The letters "MPF" light up on the exterior of Hong Kong Bank as a reminder to the Dec. 1, 2000 deadline for Hong Kong's territory-wide pension scheme, the Mandatory Provident Fund (MPF) in Hong Kong, on Nov. 28, 2000. Frederic J. Brown/AFP via Getty Images
Kathleen Li
|Updated:

Hong Kong recently approved a legislative amendment clearing the way for the city to invest its residents’ pension fund in debt securities issued or guaranteed by Beijing. The move comes when foreign investors are ditching Chinese debt at a record pace.

Mandatory Provident Fund (MPF) is a compulsory pension scheme designed to provide retirement savings for working Hong Kong citizens.

Kathleen Li
Kathleen Li
Author
Kathleen Li has contributed to The Epoch Times since 2009 and focuses on China-related topics. She is an engineer, chartered in civil and structural engineering in Australia.
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