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MPFA Managing Director Cheng Yan-chee and colleagues received a delegation from the Ministry of Human Resources and Social Security (MoHRSS) recently, sharing the latest developments of MPF and eMPF, and the key features of the Default Investment Strategy, as well as conducting in-depth technical exchange on retirement protection.

MPFA Managing Director Cheng Yan-chee (front row fourth left), Deputy Director-General of the Department of Old-age Insurance of MoHRSS Jia Jiang (front row third left), Deputy Director of the fifth bureau of the Hong Kong and Macao Affairs Office of the State Council, Li Li (front row third right) and other representatives.

Cheng said that eMPF enhances the efficiency of MPF scheme administration and reduces fee, thereby strengthening scheme members’ retirement protection. MPFA would continue to drive various reform measures to enhance MPF for the benefits of scheme members.

MPFA Managing Director Cheng Yan-chee said that MPFA looks forward to continuous deepening of liaison and exchange with MoHRSS.

MPFA Cheng Yan-chee shared the latest progress of eMPF at the meeting.

Deputy Director-General of the Department of Old-age Insurance of MoHRSS Jia Jiang shared the latest developments of pension insurance in Chinese Mainland.

Both sides had experience sharing and in-depth technical exchange on retirement protection.

The MoHRSS delegation, during the visit, also gained insights on the functionalities and services provided by eMPF as well as how employees, self-employed persons and employers manage MPF more efficiently with eMPF.