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Hong Kong Wealth Management Monthly Report

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Hong Kong Wealth Management Monthly

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16 OctFri
  1. Government News Network: Finance64

    Hong Kong Government Gazette Announces Phase 1 of MPF Portability Territory-wide Takes Effect on December 21

    The Hong Kong Special Administrative Region Government has published an effectiveness notice in the Government Gazette, stating that the Mandatory Provident Fund Schemes (General) (Amendment) Regulation 2025 will come into effect on December 21, marking the official launch of Phase 1 of MPF "territory-wide portability". New employees who joined on or after May 1 last year can transfer all accrued benefits derived from the employer's mandatory contributions under their current employment from the employer-chosen MPF scheme to a personal account in a self-elected MPF scheme. Transfers can be made once per calendar year, or more frequently if the governing rules of the transferring scheme permit.

    Planning Note:Regarding liquidity arrangements for MPF benefits, new employees who joined after May 1 last year may wish to note the transfer rules for accrued benefits from employer contributions.

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14 OctWed
  1. Federal Reserve: Monetary Policy22

    Federal Reserve Releases Minutes of Discount Rate Meetings Held on August 17, September 9, and September 16, 2026

    On October 13, 2026, the Federal Reserve released the minutes of the discount rate meetings held on August 17, September 9, and September 16, 2026, covering the review and determination of the discount rate offered to depository institutions through the discount window. The process by which the Federal Reserve sets the discount rate is independent of the process by which the Federal Open Market Committee sets the target range for the federal funds rate.

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  2. HKMA: Press Releases14

    HKMA Announces Exchange Fund Analytical Account Data as of End-September 2026

    The HKMA announced on October 14 the Exchange Fund analytical account data as of end-September 2026. External assets of the Exchange Fund decreased by HK$76.7 billion to HK$3,576.0 billion during the month. The monetary base stood at HK$2,090.2 billion, claims on the private sector in Hong Kong at HK$473.0 billion, and external liabilities at HK$135.3 billion. This account is published in accordance with the IMF Special Data Dissemination Standard, and the release schedule for the full year 2027 has been announced simultaneously.

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13 OctTue
  1. MPFA: Press Releases25

    Chairman of MPFA and eMPF Company calls on employers to take a long-term view in strengthening employees' retirement protection

    The Chairman of the Mandatory Provident Fund Schemes Authority (MPFA) and eMPF Company Limited delivered a keynote address at the Hong Kong Management Association 2026 Quality Award Presentation Ceremony, calling on business leaders to adopt a long-term perspective and strengthen employees' long-term protection through institutionalised knowledge and the development of future-ready systems.

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4 OctSun
  1. MPFA: Press Releases36

    MPFA Chairman’s Blog: eMPF Platform Launches One-Stop MPF Account Information Enquiry Service

    In a blog post, the Chairman of the MPFA announced that the eMPF Platform will launch a one-stop MPF account information enquiry service on October 5. The service is available to MPF scheme members, authorized persons, estate representatives, and those prioritizing the estates of deceased scheme members, allowing them to enquire about trustee and scheme names, account numbers, and balance information. Applications require submission of corresponding authorization or legal documentation based on identity, and account information will only be provided after identity and authorization verification.

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17 SeptThu
  1. Hong Kong Monetary Authority: Speech36

    HKMA Chief Executive Eddie Yue Speaks on the US Federal Open Market Committee's Interest Rate Decision

    Following the established mechanism, the HKMA has raised its Base Rate by 25 basis points to 4.25%, effective immediately. This adjustment corresponds to the Federal Reserve's decision to raise the target range for the federal funds rate by 25 basis points to 3.75-4%, in line with market expectations. Hong Kong's monetary and financial markets continue to operate in an orderly manner. The HKMA will continue to closely monitor market developments to maintain monetary and financial stability.

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15 SeptTue
1 SeptTue
  1. MPFA: Press Releases35

    MPFA and eMPF Platform Company Release 2025-26 Annual Report

    The Mandatory Provident Fund Schemes Authority (MPFA) and its wholly-owned subsidiary, the eMPF Platform Company, released their 2025-26 Annual Report on September 1, covering key work and financial reports for the fiscal year. As of the end of March 2026, total MPF assets exceeded HK$1.5 trillion, total contributions for the fiscal year reached HK$91.23 billion, with voluntary contributions accounting for 26%; the eMPF Platform has completed the onboarding of all 24 MPF schemes, and administrative fees have been reduced to 0.29%.

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30 AugSun
  1. MPFA: Press Releases22

    MPFA Chairman’s Blog: MPF Is an Effective Retirement Protection

    In a blog post, the Chairman of the MPFA pointed out that the MPF can complement various forms of support under Hong Kong’s multi-pillar retirement protection framework, including public healthcare, public/subvented housing, concessionary public transport fares for the elderly, and social security allowances, providing employees with adequate basic retirement protection.

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30 JulThu
  1. Federal Reserve: Monetary Policy24

    Federal Reserve issues Federal Open Market Committee statement

    The Federal Open Market Committee decided by a vote of 9-3 to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 percent to support its dual mandate. Three members dissented, preferring to raise the target range for the federal funds rate by 1/4 percentage point at this meeting. Inflation remains above the 2 percent target, and economic activity has continued to expand at a solid pace.

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15 JulWed
  1. Federal Reserve: Monetary Policy17

    Board of Governors of the Federal Reserve System Releases Minutes of Discount Rate Meetings Held on June 8 and June 17, 2026

    On July 14, 2026, the Board of Governors of the Federal Reserve System released the minutes of its discount rate meetings held on June 8 and June 17, 2026, covering the review and determination of the discount rate offered to depository institutions through the discount window. The process for setting the discount rate is independent of the process by which the Federal Open Market Committee sets the target range for the federal funds rate.

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