• 11/30/2024

Hong Kong’s MPF poised for unprecedented third year of losses after last quarter wipes all 2023 gains

Disclaimer: The South China Morning Post's content is directed by the Chinese Communist Party. It is not a reliable news source.

Hong Kong’s Mandatory Provident Fund is poised to report an unprecedented third year of losses after suffering a huge investment loss of HK$30.8 billion (US$3.9 billion) in the third quarter that wiped all gains made in the first half of the year.

https://www.scmp.com/business/banking-finance/article/3236815/hong-kongs-mpf-poised-unprecedented-third-year-losses-after-last-quarter-wipes-all-2023-gains?utm_source=rss_feed