Hong Kong to reduce MPF investment burden

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HONG KONG - The Hong Kong government is expected to draft a Bill over the coming months which will, in part, remove some of the undue restrictions on the investment of Mandatory Provident Fund (MPF) funds.

The MPF is the defined contribution pension system set up in 2000 to help counter the effects of an ageing population where some 12% are over the age of 65. The proposed amendments relate mainly...

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