MPF pension regulator says the number of millionaires in the scheme doubles over the course of five years
In a blog post on Sunday, Mandatory Provident Fund Schemes Authority (MPFA) chairwoman Ayesha Macpherson Lau said around 125,000 MPF members had assets of more than HK$1 million, double the tally from five years earlier. The MPFA attributed its increase in assets to strong investment performance and voluntary contributions to the scheme.
In addition, she said there were 27,000 MPF members who had HK$2 million in assets or more.
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