Next phase of Hong Kong’s eMPF reform to start in March with more providers, enhancements

Quick Summary:

Bank of East Asia, Principal Trust Company and two other providers are set to join the pension plan’s digital platform as it scales up.

They are the smallest providers, representing just 2 per cent of the assets under management.

The eMPF is the most significant reform of Hong Kong’s compulsory retirement scheme in its 25 years of existence.

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Article Details

Author / Journalist: Enoch Yiu

Category: Business

Markets: Hong KongChinaOman

Topics: Second Providers Reforms Trustee Provident Phase Mandatory Kong’s Platform Hong Empf

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-16 @ 12:00:09 (3 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 266 words

Reading Time: 2 minutes read

Sentences: 7 lines

Sentence Length: 38 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 26184306

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