Hong Kong Proposes Enhancements to MPF and Corporate Finance Regulations

Hong Kong's Financial Secretary, Paul Chan, has announced proposed improvements to the Mandatory Provident Fund (MPF) system aimed at protecting employee rights and increasing investment flexibility for trustees and service providers. According to RTHK, the MPF Authority plans to consult stakeholders this year, with the government set to submit amendment bills. The first phase of the MPF 'Full Portability' scheme, implemented this year, covers employees who joined after May last year. The government intends to expand this scheme to include employees who joined earlier, with legislative amendments expected in the first half of next year source: https://www.binance.com/en/square/post/295344913730386?utm_source=BinanceNewsRSS