MPF | Mandatory Provident Fund Rating: March Average Mandatory Provident Fund Per Capita Loss Exceeds 20,000

SighingCashier · 2026-03-26T04:35:52+00:00

As of March 23, the Mandatory Provident Fund recorded a loss of negative 6.33%, totaling approximately 103.3 billion yuan in losses, with an average loss of 21,542 yuan per member. Japanese stocks are expected to post their largest single-month decline since 2008, while Hong Kong and Chinese stocks are experiencing their worst performance since 2022. The total assets of the Mandatory Provident Fund are projected to decline to approximately 1.531 trillion yuan. Chairman Cong Chuanpu pointed out that this result was affected by geopolitical influences, though long-term performance remains solid.

SighingCashier

2026-03-26 04:35:52

Abstract generation in progress

MPF Ratings indicate that as of March 23, the MPF recorded a negative investment return of 6.33% in March. In absolute terms, the loss is approximately HKD 103.3 billion, equivalent to an average loss of HKD 21,542 per member.

All types of equity funds posted losses in March, with Japanese stocks likely experiencing the largest single-month decline since October 2008, while Hong Kong and Chinese stocks may have their worst monthly performance since October 2022.

Including contributions, based on current investment performance, the total MPF assets are expected to decrease to about HKD 1.531 trillion by the end of March, with an average account balance of HKD 319,300 per member.

Chairman Tsang Chuan-pu stated that as the market enters the last week of trading in March, the MPF’s investment gains for the month are expected to evaporate by approximately HKD 1.03 billion, marking the largest single-month investment loss in MPF history. However, considering the military interventions by the US and Israel in Iran, which have led to significant increases in energy prices, market volatility, inflation, and recession fears, this outcome is not surprising.

Tsang Chuan-pu emphasized that the long-term performance of the MPF remains stable, with five-year and ten-year annualized returns of approximately 1.28% and 4.01%, respectively.

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