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How does the downgrade of the US credit rating impact the market outlook? (24 June 2025)
On 16 May 2025, Moody's downgraded the US Government's senior unsecured rating from AAA to Aa1. The outlook is now stable, though previously negative.
It is important to recognise that Moody’s is just joining its peers (S&P and Fitch) in downgrading the US Treasury (UST) to AA+, Aa1, AA+ and therefore can be seen as ‘catching up’ with the others.
In the current climate of fiscal uncertainty and the prospects of tax cuts and reduced receipts, it is not surprising perhaps that Moody’s has chosen this point to admit that the US no longer warrants the highest rating. Many other countries have also lost the highest rating in recent years as debt migrated to sovereign balance sheets.
The downgrade, then, was almost certainly discounted. Yield curves have already steepened and sovereign bond yields from Japan to Germany (and the US) have maintained much higher average levels than in the post-Global Financial Crisis era.
Other bond markets could gain a comparative advantage from the uncertainty in the UST, although as the UST is a global benchmark, other curves are more likely to follow.
UST yields have had very little change since Moody’s downgrade – in fact they're a little lower – demonstrating that the downgrade in itself is probably not something that has impacted market pricing.
Important note:
- This information is intended for persons in Hong Kong.
- Investment involves risks. Past performance is not indicative of future performance. The value of financial instruments, in particular stocks and shares, and any income from such financial instruments, may go down as well as up. For further details including the product features and risks involved, please refer to the MPF Scheme Brochure.
- The content shared in this article should not be viewed as investment recommendation and advice. You should seek professional analysis and advice before making any decisions related to the information shared in this article.
Issued by The Hongkong and Shanghai Banking Corporation Limited
Important notes
- The information contained in this website is for reference only and will be updated from time to time without notice. The provisions of the Mandatory Provident Fund Schemes Ordinance, other applicable legislation/regulations and guidelines or announcements published by the Mandatory Provident Fund Schemes Authority shall prevail for any information on MPF system. If you are in doubt about the meaning or the effect of the contents of this website, you should seek independent professional advice.
- Investment involves risks. Past performance is not indicative of future performance. The value of financial instruments, in particular stocks and shares, and any income from such financial instruments, may go down as well as up. For further details including the product features and risks involved, please refer to the relevant MPF Scheme Brochure.
- How does the downgrade of the US credit rating impact the market outlook? (24 June 2025)
- The latest edition of the 'HSBC Retirement Monitor' is published (11 June 2025)
- Good MPF Employer Award 2024-25 is now open for applications till 15 July 2025 (19 May 2025)
- Changes to the disclosure in the HSBC Mandatory Provident Fund – SuperTrust Plus (17 April 2025)
- Contribution arrangement for March 2025 (24 March 2025)
- The latest edition of the "HSBC Retirement Monitor" is published (10 March 2025)
- Contribution arrangement for January 2025 (20 January 2025)
How does the downgrade of the US credit rating impact the market outlook? (24 June 2025)
On 16 May 2025, Moody's downgraded the US Government's senior unsecured rating from AAA to Aa1. The outlook is now stable, though previously negative.
It is important to recognise that Moody’s is just joining its peers (S&P and Fitch) in downgrading the US Treasury (UST) to AA+, Aa1, AA+ and therefore can be seen as ‘catching up’ with the others.
In the current climate of fiscal uncertainty and the prospects of tax cuts and reduced receipts, it is not surprising perhaps that Moody’s has chosen this point to admit that the US no longer warrants the highest rating. Many other countries have also lost the highest rating in recent years as debt migrated to sovereign balance sheets.
The downgrade, then, was almost certainly discounted. Yield curves have already steepened and sovereign bond yields from Japan to Germany (and the US) have maintained much higher average levels than in the post-Global Financial Crisis era.
Other bond markets could gain a comparative advantage from the uncertainty in the UST, although as the UST is a global benchmark, other curves are more likely to follow.
UST yields have had very little change since Moody’s downgrade – in fact they're a little lower – demonstrating that the downgrade in itself is probably not something that has impacted market pricing.
Important note:
- This information is intended for persons in Hong Kong.
- Investment involves risks. Past performance is not indicative of future performance. The value of financial instruments, in particular stocks and shares, and any income from such financial instruments, may go down as well as up. For further details including the product features and risks involved, please refer to the MPF Scheme Brochure.
- The content shared in this article should not be viewed as investment recommendation and advice. You should seek professional analysis and advice before making any decisions related to the information shared in this article.
Issued by The Hongkong and Shanghai Banking Corporation Limited
The latest edition of the 'HSBC Retirement Monitor' is published (11 June 2025)
Visit the HSBC MPF website to find the latest edition of 'HSBC Retirement Monitor* (June 2025)'. Read the report to understand the estimated expenditure for living in Hong Kong after retirement.
*The 'HSBC Retirement Monitor' was commissioned by HSBC MPF with The Association of Superannuation Funds of Australia conducting the research and analysis.
Good MPF Employer Award 2024-25 is now open for applications till 15 July 2025 (19 May 2025)
The below information is provided by the Mandatory Provident Fund Schemes Authority:
Great job, boss! It's time to shine for putting your employees first. The Good MPF Employer Award (GMEA) 2024-25, organised by the MPFA, is open for applications and nominations now.
This year marks the 11th anniversary of the GMEA which recognises good employers who care about and are willing to go the extra mile for their employees’ retirement protection. Last year, a record-breaking 2,298 companies and organisations received the GMEA. These exemplary employers not only comply with the MPF legislation, but also offer extra retirement protection for their employees.
Your extra retirement protection for employees deserves recognition. Apply for the GMEA now. Employees can also nominate their affiliate company or organisation for the GMEA. For details, please visit The Good MPF Employer Award website. The deadline is 15 July 2025.
Changes to the disclosure in the HSBC Mandatory Provident Fund – SuperTrust Plus (17 April 2025)
The disclosures in the offering documents of the HSBC Mandatory Provident Fund – SuperTrust Plus (‘SuperTrust Plus’) will be amended to reflect the below changes:
With effect from 30 April 2025, (a) the disclosures on fee charging mechanisms of MPF Conservative Fund and Guaranteed Fund will be enhanced.
With effect from 1 May 2025, (b) the disclosures of the SuperTrust Plus will be amended to reflect the new arrangement with respect to the offsetting arrangement in relation to accrued benefits attributable to the employer's mandatory contributions against the statutory long service payment or severance payment post 1 May 2025 (the ‘LSP/SP Offsetting Arrangement’).
For further details of the above changes, please refer to the Notice to Scheme Participants. The Second Supplement to the MPF Scheme Brochure of the HSBC Mandatory Provident Fund – SuperTrust Plus and the updated Key Scheme Information Document will be issued on 30 April 2025 and 1 May 2025 respectively and be available on the HSBC MPF website in due course.
Contribution arrangement for March 2025 (24 March 2025)
Ching Ming Festival and Easter holiday is around the corner. Employers are reminded to submit MPF Remittance Statements and make contributions in advance before the contribution deadline.
For employers who submit Remittance Statements and/or cheques by mail, please ensure your mail items bear sufficient postage before posting and allow sufficient time for delivery to ensure the Remittance Statements and/or cheques will reach HSBC MPF on or before the contribution deadline. Employers can also submit e-Remittance Statements and employer contributions via HSBC HK Business Express mobile app (applicable to HSBC commercial banking customers only) or HSBC Business Internet Banking anytime, anywhere. Click here to learn more.
The latest edition of the "HSBC Retirement Monitor" is published (10 March 2025)
The latest edition of "HSBC Retirement Monitor* (March 2025)" is now available on HSBC MPF website. You can click here to understand the estimated expenditure for living in Hong Kong after retirement.
*The "HSBC Retirement Monitor" was commissioned by HSBC MPF with The Association of Superannuation Funds of Australia conducting the research and analysis.
Contribution arrangement for January 2025 (20 January 2025)
Lunar New Year holiday is around the corner. Employers are reminded to submit MPF Remittance Statements and make contributions in advance before the contribution deadline.
For employers who submit Remittance Statements and/or cheques by mail, please ensure your mail items bear sufficient postage before posting and allow sufficient time for delivery to ensure the Remittance Statements and/or cheques will reach HSBC MPF on or before the contribution deadline. Employers can also submit e-Remittance Statements and employer contributions via HSBC HK Business Express mobile app (applicable to HSBC commercial banking customers only) or HSBC Business Internet Banking anytime, anywhere. Learn more.
- The latest edition of the "HSBC Retirement Monitor" is published (11 December 2024)
- Notice of HSBC MPF Online and Mobile Banking Terms (2 December 2024)
- The latest edition of the "HSBC Retirement Monitor" is published (9 September 2024)
- Suspension of Tuen Mun Town Plaza Branch weekend roadshow on 10-11 August 2024 (9 August 2024)
- Changes in the disclosures in the MPF Scheme Brochure of the HSBC Mandatory Provident Fund – SuperTrust Plus (22 July 2024)
- An interactive key scheme information document of HSBC Mandatory Provident Fund – SuperTrust Plus (the ‘SuperTrust Plus’) has been launched (28 June 2024)
- Guaranteed Interest Rate for the new financial year (28 June 2024)
- The latest edition of the "HSBC Retirement Monitor" is published (11 June 2024)
- Update on weekend branch roadshows – June 2024 and onwards (7 June 2024)
- Update of risk rating of Constituent Funds under the HSBC Mandatory Provident Fund – SuperTrust Plus (the “Scheme”) (3 June 2024)
- The 10th Anniversary of Good MPF Employer Award now accepts applications till 15 July 2024 (6 May 2024)
- Update on weekend branch roadshows – April 2024 and onwards (19 April 2024)
- Contribution arrangement for March 2024 (25 March 2024)
- The latest edition of the "HSBC Retirement Monitor" is published (8 March 2024)
- Contribution arrangement for January 2024 (29 January 2024)
- Update on weekend branch roadshows – January 2024 and onwards (10 January 2024)
The latest edition of the "HSBC Retirement Monitor" is published (11 December 2024)
The latest edition of "HSBC Retirement Monitor* (December 2024)" is now available on HSBC MPF website. You can click here to understand the estimated expenditure for living in Hong Kong after retirement.
*The "HSBC Retirement Monitor" was commissioned by HSBC MPF with The Association of Superannuation Funds of Australia conducting the research and analysis.
Notice of HSBC MPF Online and Mobile Banking Terms (2 December 2024)
We would like to notify you that starting from 12 January 2025, you will be asked to accept the HSBC MPF Online and Mobile Banking Terms before you access the HSBC MPF services under the Personal Internet Banking. This is a one-time requirement which will be implemented in phases for all Personal Internet Banking users with MPF accounts. Please read the related Notice for details.
The latest edition of the "HSBC Retirement Monitor" is published (9 September 2024)
The latest edition of "HSBC Retirement Monitor* (September 2024)" is now available on HSBC MPF website. You can click here to understand the estimated expenditure for living in Hong Kong after retirement.
*The "HSBC Retirement Monitor" was commissioned by HSBC MPF with The Association of Superannuation Funds of Australia conducting the research and analysis.
Suspension of Tuen Mun Town Plaza Branch weekend roadshow on 10-11 August 2024 (9 August 2024)
HSBC MPF weekend roadshow in Tuen Mun Town Plaza Branch on 10-11 August 2024 is suspended until further notice. We are sorry for the inconvenience and will provide updates on the weekend roadshow schedule as the situation evolves.
Find out more about MPF and understand what are the considerations when choosing an MPF scheme, visit and meet our MPF Specialists at designated branches with MPF service during branch business hour or making an appointment to meet them with selected timeslot.
Changes in the disclosures in the MPF Scheme Brochure of the HSBC Mandatory Provident Fund – SuperTrust Plus (22 July 2024)
With effect from 12 August 2024, the disclosures of certain Constituent Funds in the MPF Scheme Brochure of the HSBC Mandatory Provident Fund – SuperTrust Plus will be updated with respect to the use of financial futures contracts by its respective underlying approved pooled investment funds (the ‘APIFs’). The changes will allow the Investment Manager of the underlying APIFs to have the flexibility to address any settlement mismatch and will not have any adverse impact to scheme participants.
For further details of the above changes, please refer to the Notice to Scheme Participants and frequently asked questions. The First Supplement to the MPF Scheme Brochure of the HSBC Mandatory Provident Fund – SuperTrust Plus will be issued on 12 August 2024 and be available on the HSBC MPF website in due course.
An interactive key scheme information document of HSBC Mandatory Provident Fund – SuperTrust Plus (the ‘SuperTrust Plus’) has been launched (28 June 2024)
A key scheme information document (KSID) webpage offering an interactive experience has been launched to help scheme participants easily access key information about the SuperTrust Plus such as relevant fees and charges payable and the constituent funds available.
Enjoy the new experience with a simple click. Scheme participants can now view the SuperTrust Plus’s updated fund information sorted by fund category, read the SuperTrust Plus scheme document to learn more about the scheme, download commonly used administration forms to manage their MPF accounts, and conveniently access and navigate the MPFA website.
Learn how our award-winning products and services can help scheme participants save towards their retirement now.
Guaranteed Interest Rate for the new financial year (28 June 2024)
The Guaranteed Interest Rate for the Guaranteed Fund available under HSBC Mandatory Provident Fund - SuperTrust Plus is 0.20% per annum in the financial year from 1 July 2024 to 30 June 2025. The guarantee in the Guaranteed Fund only applies under certain conditions. Please refer to subsection 3.4.3(f) ‘Guarantee features’ of the MPF Scheme Brochure for details of the guarantee features (including in the context of payment of accrued benefits in instalments) and the ‘Guarantee Conditions’.
The latest edition of the "HSBC Retirement Monitor" is published (11 June 2024)
The latest edition of "HSBC Retirement Monitor* (June 2024)" is now available on HSBC MPF website. You can click here to understand the estimated expenditure for living in Hong Kong after retirement.
*The "HSBC Retirement Monitor" was commissioned by HSBC MPF with The Association of Superannuation Funds of Australia conducting the research and analysis.
Update on weekend branch roadshows – June 2024 and onwards (7 June 2024)
HSBC MPF always strives to deliver high level of MPF services at all times. To improve customer experience, we are pleased to announce the new MPF branch services during designated weekends.
| Month 2024 | Date | Branch name | Address |
|---|---|---|---|
| June | 22 – 23 | Lok Fu Branch | Shop No. L201 - L206, Upper Ground Floor II, Lok Fu Plaza, Wang Tau Hom, Kowloon |
| Month 2024 | June |
|---|---|
| Date | 22 – 23 |
| Branch name | Lok Fu Branch |
| Address | Shop No. L201 - L206, Upper Ground Floor II, Lok Fu Plaza, Wang Tau Hom, Kowloon |
Operation hours: Saturday: 3pm-8pm & Sunday: 10am-8pm
We will provide MPF services including services related to MPF Tax Deductible Voluntary Contributions (TVC), account consolidation, fund performance update and MPF retirement planning etc. during the special operation hours indicated above at designated branches.
Find out more about MPF and understand what are the considerations when choosing an MPF scheme. Please contact our MPF Specialist by approaching the above designated branches on specific day or making an appointment to meet them with selected timeslot.
Update of risk rating of Constituent Funds under the HSBC Mandatory Provident Fund – SuperTrust Plus (the “Scheme”) (3 June 2024)
We conduct reviews of the risk ratings for the Constituent Funds under the Scheme regularly in response to market conditions and our internal evaluations. Starting from 13 November 2023, we implemented a revised methodology that resulted in revisions to the risk ratings of certain Constituent Funds. On the other hand, the calculation methodology for risk class, which is another set of risk indicator concurrently being disclosed with the risk rating in the Fund Fact Sheet, remains unchanged.
To obtain the latest risk ratings of the Constituent Funds and the description of each of the risk rating category, please refer to the Monthly Fund Performance Summary and/or the Fund Fact Sheet posted on the HSBC MPF website or to the HSBC HK Mobile Banking app. Should you have any queries, please contact our HSBC MPF Member Hotline on (852) 3128 0128.
Please note that the risk ratings provided are for reference only and should not be regarded as investment advice. You should not solely rely on the risk ratings when making any investment choices for your MPF account(s).
The 10th Anniversary of Good MPF Employer Award now accepts applications till 15 July 2024 (6 May 2024)
Entering its 10th anniversary this year, the Good MPF Employer Award is now open for applications and nominations. Employers who are exemplary in enhancing the retirement benefits of their employees should act now and receive the recognition you deserve!
For details and online application, please visit The Good MPF Employer Award website. The deadline is 15 July 2024.
The above information is provided by the Mandatory Provident Fund Schemes Authority.
Update on weekend branch roadshows – April 2024 and onwards (19 April 2024)
HSBC MPF always strives to deliver high level of MPF services at all times. To improve customer experience, we are pleased to announce the new MPF branch services during designated weekends.
| Month 2024 | Date | Branch name | Address |
|---|---|---|---|
| April | 27 – 28 | Ma On Shan Branch | Shops 2601-04, Level 2, MOSTown, No. 628 Sai Sha Road, Ma On Shan, New Territories |
| May | 11 – 12 | Whampoa Garden Branch | Shop No. G6, 6A & G7, G/F, Site 4, Whampoa Garden, Hung Hom, Kowloon |
| May | 25 – 26 | Park Central Branch | Shops 202 & 203, Level 2, Park Central, 9 Tong Tak Street, Tseung Kwan O, New Territories |
| Month 2024 | April |
|---|---|
| Date | 27 – 28 |
| Branch name | Ma On Shan Branch |
| Address | Shops 2601-04, Level 2, MOSTown, No. 628 Sai Sha Road, Ma On Shan, New Territories |
| Month 2024 | May |
| Date | 11 – 12 |
| Branch name | Whampoa Garden Branch |
| Address | Shop No. G6, 6A & G7, G/F, Site 4, Whampoa Garden, Hung Hom, Kowloon |
| Month 2024 | May |
| Date | 25 – 26 |
| Branch name | Park Central Branch |
| Address | Shops 202 & 203, Level 2, Park Central, 9 Tong Tak Street, Tseung Kwan O, New Territories |
Operation hours: Saturday: 3pm-8pm & Sunday: 10am-8pm
We will provide MPF services including services related to MPF Tax Deductible Voluntary Contributions (TVC), account consolidation, fund performance update and MPF retirement planning etc. during the special operation hours indicated above at designated branches.
Find out more about MPF and understand what are the considerations when choosing an MPF scheme. Please contact our MPF Specialist by approaching the above designated branches on specific day or making an appointment to meet them with selected timeslot.
Contribution arrangement for March 2024 (25 March 2024)
Ching Ming Festival and Easter holidays are around the corner. Employers are reminded to submit MPF Remittance Statements and make contributions in advance before the contribution deadline.
For employers who submit Remittance Statements and/or cheques by mail, please ensure your mail items bear sufficient postage before posting and allow sufficient time for delivery to ensure the Remittance Statements and/or cheques will reach HSBC MPF on or before the contribution deadline. Employers can also submit e-Remittance Statements and employer contributions via the HSBC HK Business Express mobile app (applicable to HSBC commercial banking customers only) or the HSBC Business Internet Banking anytime, anywhere. Learn more.
The latest edition of the "HSBC Retirement Monitor" is published (8 March 2024)
The latest edition of "HSBC Retirement Monitor* (March 2024)" is now available on HSBC MPF website. You can click here to understand the estimated expenditure for living in Hong Kong after retirement.
*The "HSBC Retirement Monitor" was commissioned by HSBC MPF with The Association of Superannuation Funds of Australia conducting the research and analysis.
Contribution arrangement for January 2024 (29 January 2024)
Lunar New Year holiday is around the corner. Employers are reminded to submit MPF Remittance Statements and make contributions in advance before the contribution deadline.
For employers who submit Remittance Statements and/or cheques by mail, please ensure your mail items bear sufficient postage before posting and allow sufficient time for delivery to ensure the Remittance Statements and/or cheques will reach HSBC MPF on or before the contribution deadline. Employers can also submit e-Remittance Statements and employer contributions via HSBC HK Business Express mobile app (applicable to HSBC commercial banking customers only) or HSBC Business Internet Banking anytime, anywhere. Learn more.
Update on weekend branch roadshows – January 2024 and onwards (10 January 2024)
HSBC MPF always strives to deliver high level of MPF services at all times. To improve customer experience, we are pleased to announce the new MPF branch services during designated weekends.
| Month 2024 | Date | Branch name | Address |
|---|---|---|---|
| January | 13 – 14 | Kwun Tong Branch | G/F, Wong Tze Building, 71 Hoi Yuen Road, Kwun Tong, Kowloon |
| Month 2024 | January |
|---|---|
| Date | 13 – 14 |
| Branch name | Kwun Tong Branch |
| Address | G/F, Wong Tze Building, 71 Hoi Yuen Road, Kwun Tong, Kowloon |
Operation hours: Saturday: 3pm-8pm & Sunday: 10am-8pm
We will provide MPF services including services related to MPF Tax Deductible Voluntary Contributions (TVC), account consolidation, fund performance update and MPF retirement planning etc. during the special operation hours indicated above at designated branches.
Find out more about MPF and understand what are the considerations when choosing an MPF scheme. Please contact our MPF Specialist by approaching the above designated branches on specific day or making an appointment to meet them with selected timeslot.
- Update on the fund expense ratio (as of 30 June 2022) of the Constituent Funds of HSBC Mandatory Provident Fund – SuperTrust Plus (27 December 2023)
- The latest edition of the "HSBC Retirement Monitor" is published (5 December 2023)
- Update on weekend branch roadshows – November 2023 and onwards (17 November 2023)
- The latest edition of the "HSBC Retirement Monitor" is published (4 September 2023)
- Update on weekend branch roadshows – July 2023 and onwards (7 July 2023)
- Guaranteed Interest Rate for the new financial year (30 June 2023)
- The latest edition of the "HSBC Retirement Monitor" is published (2 June 2023)
- Update on weekend branch roadshows – April 2023 and onwards (30 May 2023)
- The Good MPF Employer Award 2022-23 accepts applications till 30 June (25 April 2023)
- Update on weekend branch roadshows – April 2023 and onwards (4 April 2023)
- Contribution arrangement for March 2023 (27 March 2023)
- The latest edition of the "HSBC Retirement Monitor" is published (3 March 2023)
- Update of risk rating for the Hong Kong and Chinese Equity Fund under the HSBC Mandatory Provident Fund – SuperTrust Plus (the “Scheme”) (27 February 2023)
- Update on weekend branch roadshows – February 2023 and onwards (24 February 2023)
Update on the fund expense ratio (as of 30 June 2022) of the Constituent Funds of HSBC Mandatory Provident Fund – SuperTrust Plus (27 December 2023)
| Constituent Funds | Fund Expense Ratio |
|---|---|
| North American Equity Fund | 1.29% |
European Equity Fund |
1.36% |
Asia Pacific Equity Fund |
1.56% |
Hong Kong and Chinese Equity Fund |
1.52% |
Chinese Equity Fund |
1.52% |
Global Equity Fund |
0.81% |
ValueChoice North America Equity Tracker Fund |
0.82% |
ValueChoice Europe Equity Tracker Fund |
0.91% |
ValueChoice Asia Pacific Equity Tracker Fund |
0.90% |
| Constituent Funds | North American Equity Fund |
|---|---|
| Fund Expense Ratio | 1.29% |
| Constituent Funds |
European Equity Fund |
| Fund Expense Ratio |
1.36% |
| Constituent Funds |
Asia Pacific Equity Fund |
| Fund Expense Ratio |
1.56% |
| Constituent Funds |
Hong Kong and Chinese Equity Fund |
| Fund Expense Ratio |
1.52% |
| Constituent Funds |
Chinese Equity Fund |
| Fund Expense Ratio |
1.52% |
| Constituent Funds |
Global Equity Fund |
| Fund Expense Ratio |
0.81% |
| Constituent Funds |
ValueChoice North America Equity Tracker Fund |
| Fund Expense Ratio |
0.82% |
| Constituent Funds |
ValueChoice Europe Equity Tracker Fund |
| Fund Expense Ratio |
0.91% |
| Constituent Funds |
ValueChoice Asia Pacific Equity Tracker Fund |
| Fund Expense Ratio |
0.90% |
The corresponding webpages and publications which disclose the fund expense ratio information have been updated as follows:
The latest edition of the "HSBC Retirement Monitor" is published (5 December 2023)
The latest edition of "HSBC Retirement Monitor* (December 2023)" is now available on HSBC MPF website. You can click here to understand the estimated expenditure for living in Hong Kong after retirement.
*The "HSBC Retirement Monitor" was commissioned by HSBC MPF with The Association of Superannuation Funds of Australia conducting the research and analysis.
Update on weekend branch roadshows – November 2023 and onwards (17 November 2023)
HSBC MPF always strives to deliver high level of MPF services at all times. To improve customer experience, we are pleased to announce the new MPF branch services during designated weekends.
| Month 2023 | Date | Branch name | Address |
|---|---|---|---|
| November | 18 – 19 | Cheung Sha Wan Premier Centre | G/F, Tin On Industrial Building, 777-779 Cheung Sha Wan Road, Kowloon |
| November | 25 – 26 | Festival Walk Branch | Shop LG2-01, Festival Walk, 80 Tat Chee Avenue, Kowloon Tong, Kowloon |
| December | 09 – 10 | The Westwood Branch | LG01-3, Lower Ground Floor, The Westwood, 8 Belcher's Street, Hong Kong |
| Month 2023 | November |
|---|---|
| Date | 18 – 19 |
| Branch name | Cheung Sha Wan Premier Centre |
| Address | G/F, Tin On Industrial Building, 777-779 Cheung Sha Wan Road, Kowloon |
| Month 2023 | November |
| Date | 25 – 26 |
| Branch name | Festival Walk Branch |
| Address | Shop LG2-01, Festival Walk, 80 Tat Chee Avenue, Kowloon Tong, Kowloon |
| Month 2023 | December |
| Date | 09 – 10 |
| Branch name | The Westwood Branch |
| Address | LG01-3, Lower Ground Floor, The Westwood, 8 Belcher's Street, Hong Kong |
Operation hours: Saturday: 3pm-8pm & Sunday: 10am-8pm
We will provide MPF services including services related to MPF Tax Deductible Voluntary Contributions (TVC), account consolidation, fund performance update and MPF retirement planning etc. during the special operation hours indicated above at designated branches.
Find out more about MPF and understand what are the considerations when choosing an MPF scheme. Please contact our MPF Specialist by approaching the above designated branches on specific day or making an appointment to meet them with selected timeslot.
The latest edition of the "HSBC Retirement Monitor" is published (4 September 2023)
The latest edition of "HSBC Retirement Monitor* (September 2023)" is now available on HSBC MPF website. You can click here to understand the estimated expenditure for living in Hong Kong after retirement.
*The "HSBC Retirement Monitor" was commissioned by HSBC MPF with The Association of Superannuation Funds of Australia conducting the research and analysis.
Update on weekend branch roadshows – July 2023 and onwards (7 July 2023)
HSBC MPF always strives to deliver high level of MPF services at all times. To improve customer experience, we are pleased to announce the new MPF branch services during designated weekends.
| Month 2023 | Date | Branch name | Address |
|---|---|---|---|
| July | 22-23 | Mong Kok Branch | Basement & U/G, 673 Nathan Road, Mong Kok, Kowloon |
| August | 5-6 | Tin Shui Wai Branch | Shops G39-40, G43-44, G/F, Phase II, Fortune Kingswood, 12-18 Tin Yan Road, Tin Yan Road, Tin Shui Wai, New Territories |
| August | 26-27 | Aberdeen Centre Branch | Shop 2, G/F Site I, Aberdeen Centre, Aberdeen, Hong Kong |
| September | 23-24 | North Point Branch | G/F, Winner House, 306-316 King’s Road, North Point, Hong Kong |
| Month 2023 | July |
|---|---|
| Date | 22-23 |
| Branch name | Mong Kok Branch |
| Address | Basement & U/G, 673 Nathan Road, Mong Kok, Kowloon |
| Month 2023 | August |
| Date | 5-6 |
| Branch name | Tin Shui Wai Branch |
| Address | Shops G39-40, G43-44, G/F, Phase II, Fortune Kingswood, 12-18 Tin Yan Road, Tin Yan Road, Tin Shui Wai, New Territories |
| Month 2023 | August |
| Date | 26-27 |
| Branch name | Aberdeen Centre Branch |
| Address | Shop 2, G/F Site I, Aberdeen Centre, Aberdeen, Hong Kong |
| Month 2023 | September |
| Date | 23-24 |
| Branch name | North Point Branch |
| Address | G/F, Winner House, 306-316 King’s Road, North Point, Hong Kong |
Operation hours: Saturday: 3pm-8pm & Sunday: 10am-8pm
We will provide MPF services including services related to MPF Tax Deductible Voluntary Contributions (TVC), account consolidation, fund performance update and MPF retirement planning etc. during the special operation hours indicated above at designated branches.
Find out more about MPF and understand what are the considerations when choosing an MPF scheme. Please contact our MPF Specialist by approaching the above designated branches on specific day or making an appointment to meet them with selected timeslot.
Guaranteed Interest Rate for the new financial year (30 June 2023)
The Guaranteed Interest Rate for the Guaranteed Fund available under HSBC Mandatory Provident Fund - SuperTrust Plus is 0.15% per annum in the financial year from 1 July 2023 to 30 June 2024. The guarantee in the Guaranteed Fund only applies under certain conditions. Please refer to subsection 3.4.3(f) 'Guarantee features' of the MPF Scheme Brochure for details of the guarantee features (including in the context of payment of accrued benefits in instalments) and the 'Guarantee Conditions'.
The latest edition of the "HSBC Retirement Monitor" is published (2 June 2023)
The latest edition of "HSBC Retirement Monitor*(June 2023)" is now available on HSBC MPF website. You can click here to understand the estimated expenditure for living in Hong Kong after retirement.
*The "HSBC Retirement Monitor" was commissioned by HSBC MPF with The Association of Superannuation Funds of Australia conducting the research and analysis.
Update on weekend branch roadshows – April 2023 and onwards (30 May 2023)
HSBC MPF always strives to deliver high level of MPF services at all times. To improve customer experience, we are pleased to announce the new MPF branch services during designated weekends.
| Month 2023 | Date | Branch name | Address |
|---|---|---|---|
| April | 22 - 23 | Jade Plaza Branch | Shop No. 26, Jade Plaza, Tai Po, New Territories |
| May | 20 - 21 | Telford Garden Branch | Shop Unit P16, Block G, Telford Plaza I, Kowloon Bay, Kowloon |
| June | 10 - 11 | Kwai Fong Branch | Shop 153-160, Level 1, Metroplaza, Kwai Fong, New Territories |
| June | 24 - 25 | Tung Chung Branch | Unit 509, 5/F, Citygate Outlets, 18-20 Tat Tung Road, Tung Chung, Lantau Island, Hong Kong |
| June | 24 - 25 | Cityplaza Branch | Unit 065, Cityplaza I, Taikoo Shing, Hong Kong |
| Month 2023 | April |
|---|---|
| Date | 22 - 23 |
| Branch name | Jade Plaza Branch |
| Address | Shop No. 26, Jade Plaza, Tai Po, New Territories |
| Month 2023 | May |
| Date | 20 - 21 |
| Branch name | Telford Garden Branch |
| Address | Shop Unit P16, Block G, Telford Plaza I, Kowloon Bay, Kowloon |
| Month 2023 | June |
| Date | 10 - 11 |
| Branch name | Kwai Fong Branch |
| Address | Shop 153-160, Level 1, Metroplaza, Kwai Fong, New Territories |
| Month 2023 | June |
| Date | 24 - 25 |
| Branch name | Tung Chung Branch |
| Address | Unit 509, 5/F, Citygate Outlets, 18-20 Tat Tung Road, Tung Chung, Lantau Island, Hong Kong |
| Month 2023 | June |
| Date | 24 - 25 |
| Branch name | Cityplaza Branch |
| Address | Unit 065, Cityplaza I, Taikoo Shing, Hong Kong |
Operation hours: Saturday: 3pm-8pm & Sunday: 10am-8pm
We will provide MPF services including services related to MPF Tax Deductible Voluntary Contributions (TVC), account consolidation, fund performance update and MPF retirement planning etc. during the special operation hours indicated above at designated branches.
Find out more about MPF and understand what are the considerations when choosing an MPF scheme. Please contact our MPF Specialist by approaching the above designated branches on specific day or making an appointment to meet them with selected timeslot.
The Good MPF Employer Award 2022-23 accepts applications till 30 June (25 April 2023)
The 2022-23 Good MPF Employer Award organized by the Mandatory Provident Fund Schemes Authority, is open for applications. Employers who are exemplary in enhancing the retirement benefits of their employees should act now.
For details and online application, please visit The Good MPF Employer Award website. The deadline is 30 June.
The above information is provided by the Mandatory Provident Fund Schemes Authority.
Update on weekend branch roadshows – April 2023 and onwards (4 April 2023)
HSBC MPF always strives to deliver high level of MPF services at all times. To improve customer experience, we are pleased to announce the new MPF branch services during designated weekends.
| Month 2023 | Date | Branch name | Address |
|---|---|---|---|
| April | 22 - 23 | Jade Plaza Branch | Shop No. 26, Jade Plaza, Tai Po, New Territories |
| May | 20 - 21 | Telford Garden Branch | Shop Unit P16, Block G, Telford Plaza I, Kowloon Bay, Kowloon |
| June | 10 - 11 | Kwai Fong Branch | Shop 153-160, Level 1, Metroplaza, Kwai Fong, New Territories |
| June | 24 - 25 | Tung Chung Branch | Unit 509, 5/F, Citygate Outlets, 18-20 Tat Tung Road, Tung Chung, Lantau Island, Hong Kong |
| Month 2023 | April |
|---|---|
| Date | 22 - 23 |
| Branch name | Jade Plaza Branch |
| Address | Shop No. 26, Jade Plaza, Tai Po, New Territories |
| Month 2023 | May |
| Date | 20 - 21 |
| Branch name | Telford Garden Branch |
| Address | Shop Unit P16, Block G, Telford Plaza I, Kowloon Bay, Kowloon |
| Month 2023 | June |
| Date | 10 - 11 |
| Branch name | Kwai Fong Branch |
| Address | Shop 153-160, Level 1, Metroplaza, Kwai Fong, New Territories |
| Month 2023 | June |
| Date | 24 - 25 |
| Branch name | Tung Chung Branch |
| Address | Unit 509, 5/F, Citygate Outlets, 18-20 Tat Tung Road, Tung Chung, Lantau Island, Hong Kong |
Operation hours: Saturday: 3pm-8pm & Sunday: 10am-8pm
We will provide MPF services including services related to MPF Tax Deductible Voluntary Contributions (TVC), account consolidation, fund performance update and MPF retirement planning etc. during the special operation hours indicated above at designated branches.
Find out more about MPF and understand what are the considerations when choosing an MPF scheme. Please contact our MPF Specialist by approaching the above designated branches on specific day or making an appointment to meet them with selected timeslot.
Contribution arrangement for March 2023 (27 March 2023)
Ching Ming Festival and Easter holiday are around the corner. Employers are reminded to submit MPF Remittance Statements and make contributions in advance before the contribution deadline.
For employers who submit Remittance Statements and/or cheques by mail, please ensure your mail items bear sufficient postage before posting and allow sufficient time for delivery to ensure the Remittance Statements and/or cheques will reach HSBC MPF on or before the contribution deadline. Employers can also submit e-Remittance Statements and employer contributions via HSBC HK Business Express mobile app (applicable to HSBC commercial banking customers only) or HSBC Business Internet Banking anytime, anywhere. Learn more.
The latest edition of the "HSBC Retirement Monitor" is published (3 March 2023)
The latest edition of "HSBC Retirement Monitor* (March 2023) " is now available on HSBC MPF website. You can click here to understand the estimated expenditure for living in Hong Kong after retirement.
*The "HSBC Retirement Monitor" was commissioned by HSBC MPF with The Association of Superannuation Funds of Australia conducting the research and analysis.
Update of risk rating for the Hong Kong and Chinese Equity Fund under the HSBC Mandatory Provident Fund – SuperTrust Plus (the “Scheme”) (27 February 2023)
We conduct reviews of the risk ratings for the Constituent Funds under the Scheme regularly and the risk ratings may be subject to change from time to time. We would like to inform you that the latest risk rating review has been completed. With effect from 28 February 2023, the risk rating for the Hong Kong and Chinese Equity Fund under the Scheme will be increased from '4' to '5, while the risk ratings for other Constituent Funds under the Scheme remain unchanged.
To obtain the latest risk ratings of the other Constituent Funds and the description of each of the risk rating category, please refer to the 'Monthly Fund Performance Summary' and/or the 'Fund Fact Sheet' posted on the HSBC MPF website or to the HSBC HK Mobile Banking app. Should you have any queries, please contact our HSBC MPF Member Hotline on (852) 3128 0128.
Please note that the risk ratings provided are for reference only and should not be regarded as investment advice. You should not rely on the risk ratings when making any investment choices for your MPF account(s).
Update on weekend branch roadshows – February 2023 and onwards (24 February 2023)
HSBC MPF always strives to deliver high level of MPF services at all times. To improve customer experience, we are pleased to announce the new MPF branch services during designated weekends.
| Month 2023 | Date | Branch name | Address |
|---|---|---|---|
| February | 25 - 26 | Shatin Plaza Branch | Shop 49, Level 1, Shatin Plaza, 21-27 Shatin Centre Street, Shatin, New Territories |
| March | 25 - 26 | Tsim Sha Tsui Branch | Basement, UG/F & 1/F, 82-84 Nathan Road, Tsim Sha Tsui, Kowloon |
| Month 2023 | February |
|---|---|
| Date | 25 - 26 |
| Branch name | Shatin Plaza Branch |
| Address | Shop 49, Level 1, Shatin Plaza, 21-27 Shatin Centre Street, Shatin, New Territories |
| Month 2023 | March |
| Date | 25 - 26 |
| Branch name | Tsim Sha Tsui Branch |
| Address | Basement, UG/F & 1/F, 82-84 Nathan Road, Tsim Sha Tsui, Kowloon |
Operation hours: Saturday: 3pm-8pm & Sunday: 10am-8pm
We will provide MPF services including services related to MPF Tax Deductible Voluntary Contributions (TVC), account consolidation, fund performance update and MPF retirement planning etc. during the special operation hours indicated above at designated branches.
Find out more about MPF and understand what are the considerations when choosing an MPF scheme. Please contact our MPF Specialist by approaching the above designated branches on specific day or making an appointment to meet them with selected timeslot.
- The latest edition of the "HSBC Retirement Monitor" is published (1 December 2022)
- Changes in relation to Hang Seng Index Tracking Fund under the HSBC Mandatory Provident Fund – SuperTrust Plus (the ‘Scheme’) (16 November 2022)
- Changes in relation to Hang Seng Index Tracking Fund under the HSBC Mandatory Provident Fund – SuperTrust Plus (the ‘Scheme’) (25 October 2022)
- The latest edition of the "HSBC Retirement Monitor" is published (1 September 2022)
- Update on Roadshows at branches during weekends – Aug 2022 and onwards (17 August 2022)
- Update on Roadshows at branches during weekends – Jul 2022 and onwards (7 July 2022)
- Key Scheme Information Document of HSBC Mandatory Provident Fund – SuperTrust Plus (the ‘SuperTrust Plus’) will be available on 30 June 2022 (30 June 2022)
- Guaranteed Interest Rate for the new financial year (30 June 2022)
- The latest edition of the "HSBC Retirement Monitor" is published (1 June 2022)
- Contribution arrangement for April 2022 (29 April 2022)
- Good MPF Employer Award 2021-22 accepts applications till 30 June (22 April 2022)
- HSBC MPF has been awarded the “Employers’ Choice Award” (1 April 2022)
- Contribution reminder for March 2022 (28 March 2022)
- The latest edition of the "HSBC Retirement Monitor" is published (4 March 2022)
- Vote for your favourite MPF scheme (7 February 2022)
- Contribution arrangement for February 2022 (24 January 2022)
- Vote for MPF Ratings ‘MPF 2022 Employers’ Choice Award’ (13 January 2022)
The latest edition of the "HSBC Retirement Monitor" is published (1 December 2022)
The latest edition of "HSBC Retirement Monitor* (December 2022) " is now available on HSBC MPF website. You can click here to understand the estimated expenditure for living in Hong Kong after retirement.
*The "HSBC Retirement Monitor" was commissioned by HSBC MPF with The Association of Superannuation Funds of Australia conducting the research and analysis.
Changes in relation to Hang Seng Index Tracking Fund under the HSBC Mandatory Provident Fund – SuperTrust Plus (the ‘Scheme’) (16 November 2022)
As announced earlier, from 13 September 2022, several changes in relation to Hang Seng Index Tracking Fund (the ‘Constituent Fund’) of the Scheme have taken effect. The Constituent Fund’s underlying ITCIS (i.e. Hang Seng Index ETF) has been de-listed from the Stock Exchange of Hong Kong Limited and continues to operate as an unlisted fund. Consequentially, the Hang Seng Index ETF has been renamed to Hang Seng Index Tracking Fund. The management fee of the Constituent Fund has been updated from ‘up to 0.755%’ to ‘up to 0.73%’ pa of NAV. For further details, please refer to the Notice to Scheme Participants, Supplement to the MPF Scheme Brochure and Key Scheme Information Document of the Scheme which have already available on HSBC MPF website.
Changes in relation to Hang Seng Index Tracking Fund under the HSBC Mandatory Provident Fund – SuperTrust Plus (the ‘Scheme’) (25 October 2022)
Informed by Hang Seng Investment Management Limited, who is the Investment Manager for the underlying ITCIS (i.e. Hang Seng Index ETF) invested by the Hang Seng Index Tracking Fund of the Scheme (the ‘Constituent Fund’), that the Hang Seng Index ETF is de-listed from the Stock Exchange of Hong Kong Limited on 13 September 2022 and continues to operate as an unlisted fund. Consequentially, Hang Seng Index ETF is renamed to Hang Seng Index Tracking Fund. Such changes do not result in any change in the underlying ITCIS’s investment objective as disclosed in the MPF Scheme Brochure (which is to track the Hang Seng Index), its key operators (including the Investment Manager) and the manner in which it is managed.
In addition, the management fee of the Constituent Fund is updated from ‘up to 0.755%’ to ‘up to 0.73%’ pa of NAV with effective from 13 September 2022.
For further details of the above, please refer to the Notice to Scheme Participants. The MPF Scheme Brochure as amended by the Supplement reflecting the above changes and the updated Key Scheme Information Document will be available on or after 13 September 2022 on HSBC MPF website.
The latest edition of the "HSBC Retirement Monitor" is published (1 September 2022)
The latest edition of "HSBC Retirement Monitor* (September 2022) " is now available on HSBC MPF website. You can click here to understand the estimated expenditure for living in Hong Kong after retirement.
*The "HSBC Retirement Monitor" was commissioned by HSBC MPF with The Association of Superannuation Funds of Australia conducting the research and analysis.
Update on Roadshows at branches during weekends - Aug 2022 and onwards (17 August 2022)
HSBC MPF always strives to deliver high level of MPF services at all times. To improve the customer experience, we are pleased to announce the new MPF branch services during designated weekends.
| Month 2022 | Date | Branch name | Address |
|---|---|---|---|
| Aug | 27 - 28 | North Point Branch | G/F, Winner House, 306-316 King's Road, North Point, Hong Kong |
| Sep | 24 - 25 | Tung Chung Branch | Unit 509, 5/F, Citygate Outlets, 18-20 Tat Tung Road, Tung Chung, Lantau Island, Hong Kong |
Oct |
29 – 30 |
Tai Yau Street Branch |
26-28 Tai Yau Street, San Po Kong, Kowloon |
Nov |
26 – 27 |
Aberdeen Centre Branch |
Shop 2, G/F, Site I, Aberdeen Centre, Aberdeen, Hong Kong |
Dec |
17 – 18 |
Mei Foo Shun Chuen Branch |
79, Broadway Stage 4, Mei Foo Sun Chuen, Kowloon |
| Month 2022 | Aug |
|---|---|
| Date | 27 - 28 |
| Branch name | North Point Branch |
| Address | G/F, Winner House, 306-316 King's Road, North Point, Hong Kong |
| Month 2022 | Sep |
| Date | 24 - 25 |
| Branch name | Tung Chung Branch |
| Address | Unit 509, 5/F, Citygate Outlets, 18-20 Tat Tung Road, Tung Chung, Lantau Island, Hong Kong |
| Month 2022 |
Oct |
| Date |
29 – 30 |
| Branch name |
Tai Yau Street Branch |
| Address |
26-28 Tai Yau Street, San Po Kong, Kowloon |
| Month 2022 |
Nov |
| Date |
26 – 27 |
| Branch name |
Aberdeen Centre Branch |
| Address |
Shop 2, G/F, Site I, Aberdeen Centre, Aberdeen, Hong Kong |
| Month 2022 |
Dec |
| Date |
17 – 18 |
| Branch name |
Mei Foo Shun Chuen Branch |
| Address |
79, Broadway Stage 4, Mei Foo Sun Chuen, Kowloon |
Operation hours: Saturdays: 3pm-8pm & Sundays: 10am-8pm
We will provide MPF services including services related to MPF Tax Deductible Voluntary Contribution (TVC), Account consolidation, Fund performance update and MPF retirement planning etc. during the special operation hours indicated above at these designated branches.
Find out more about MPF, and understand what are the considerations when choosing an MPF scheme. Please contact our MPF Specialist by approaching the above designated branches on specific day or making an appointment to meet them with selected timeslot.
Update on Roadshows at branches during weekends - Jul 2022 and onwards (7 July 2022)
HSBC MPF always strives to deliver high level of MPF services at all times. To improve the customer experience, we are pleased to announce the new MPF branch services during designated weekends.
| Month 2022 | Date | Branch name | Address |
|---|---|---|---|
| Jul | 30 - 31 | Yuen Long Branch | G/F, HSBC Building Yuen Long, 150-160 Castle Peak Road, Yuen Long, New Territories |
| Month 2022 | Jul |
|---|---|
| Date | 30 - 31 |
| Branch name | Yuen Long Branch |
| Address | G/F, HSBC Building Yuen Long, 150-160 Castle Peak Road, Yuen Long, New Territories |
Operation hours: Saturdays: 3pm-8pm & Sundays: 10am-8pm
We will provide MPF services including services related to MPF Tax Deductible Voluntary Contribution (TVC), Account consolidation, Fund performance update and MPF retirement planning etc. during the special operation hours indicated above at these designated branches.
Find out more about MPF, and understand what are the considerations when choosing an MPF scheme. Please contact our MPF Specialist by approaching the above designated branches on specific day or making an appointment to meet them with selected timeslot.
Key Scheme Information Document of HSBC Mandatory Provident Fund – SuperTrust Plus (the ‘SuperTrust Plus’) will be available on 30 June 2022 (30 June 2022)
The Key Scheme Information Document (the ‘KSID’), which forms part of the offering document of the SuperTrust Plus, will be available from 30 June 2022. The KSID helps to provide scheme members with key scheme information relating to the SuperTrust Plus in a simplified and standardized format prescribed by the Mandatory Provident Fund Schemes Authority. The KSID has adopted a layered approach which scheme members will benefit from having one single document that bring them to more information and can choose the level of detail of information desired. The KSID is designed to be easy-to-read to directing scheme members to the necessary documents or tools through electronic means (e.g. web link and/or QR code provided).
The KSID (together with the MPF Scheme Brochure) and Notice to Scheme Participants are available on HSBC MPF website. For further information, please feel free to contact the HSBC MPF Employer Hotline +852 2583 8033 or HSBC MPF Member Hotline +852 3128 0128.
Guaranteed Interest Rate for the new financial year (30 June 2022)
The Guaranteed Interest Rate for the Guaranteed Fund available under HSBC Mandatory Provident Fund - SuperTrust Plus is 0.15% per annum in the financial year from 1 July 2022 to 30 June 2023. The guarantee in the Guaranteed Fund only applies under certain conditions. Please refer to subsection 3.4.3(f) 'Guarantee features' of the MPF Scheme Brochure for details of the guarantee features (including in the context of payment of accrued benefits in instalments) and the 'Guarantee Conditions'.
The latest edition of the "HSBC Retirement Monitor" is published (1 June 2022)
The latest edition of "HSBC Retirement Monitor* (June 2022) " is now available on HSBC MPF website. You can click here to understand the estimated expenditure for living in Hong Kong after retirement.
*The "HSBC Retirement Monitor" was commissioned by HSBC MPF with The Association of Superannuation Funds of Australia conducting the research and analysis.
Contribution arrangement for April 2022 (29 April 2022)
The Public holidays of May (Day following of Labour Day and Buddha’s birthday) are coming soon. Employers are reminded to submit remittance statement and make contribution payment earlier to avoid missing the contribution deadline. For employers who submit remittance statements and/or cheques by mail, please ensure there is sufficient time for ensure the remittance statements and/or cheques will reach HSBC MPF on or before the contribution deadline.
Good MPF Employer Award 2021-22 accepts applications till 30 June (22 April 2022)
The 2021-22 Good MPF Employer Award (the Award), organized by the Mandatory Provident Fund Schemes Authority (MPFA), is now open for applications and nominations.
The Award aims to promote and foster employer compliance with MPF legislation; encourage employers to provide better retirement benefits for their employees; and recognise employers who are exemplary in enhancing the retirement benefits of their employees. Nearly 2,500 companies and organizations have been honoured as “Good MPF Employers” since its debut in 2015.
Eligible employers should act now and apply for the Award. Employees are also welcome to nominate their employers for the Award. For more details, please visit the Good MPF Employer Award website. The deadline is 30 June 2022.
The above information is provided by the Mandatory Provident Fund Schemes Authority.
HSBC MPF has been awarded the “Employers’ Choice Award” (1 April 2022)
Further to the achievements of 7 MPF Ratings’ awards earlier in January, we are excited to announce that HSBC MPF has been crowned the title of “Employers’ Choice” at “The 2022 MPF Awards” by MPF Ratings. It is the first time we have won this prestigious industry award with the support of Hong Kong employers who voted HSBC MPF as the most popular MPF scheme in Hong Kong. For more details on the “Employers’ Choice Award”, please refer here for the media release issued by MPF Ratings.
8 MPF Ratings’ awards1 won by HSBC MPF include:
- Employers’ Choice
- Gold Rated Scheme
- 5 Year Gold Scheme (It is the six consecutive year HSBC MPF received the gold rating)
- Best Use of Technology
- Environmentally Responsible
- Good Governance*
- 5 Years Consistent Performer – Bond (Global)
- 10 Years Consistent Performer – Bond (Global)
* ‘Good Governance’ was awarded to the HSBC Provident Fund Trustee (Hong Kong) Limited as the Trustee for HSBC MPF – SuperTrust Plus.
Source:
- MPF Ratings. The awards and rating were based on MPF Ratings’ assessment criteria. For the awardee, assessment and rating criteria/methodology, please refer to https://mpfratings.com.hk/ratings-and-awards/.
Note:
- Investment involves risks. Past performance is not indicative of future performance. The value of financial instruments, in particular stocks and shares, and any income from such financial instrument, may go down as well as up. For further details including the product features and risks involved, please refer to the MPF Scheme Brochure.
- The content shared in this article should not be viewed as investment recommendation and advice. You should seek professional analysis and advice before making any decisions related to the information shared in this article.
- The above awards are for reference only and this material is for corporate news update purpose only. They are not indicative of the actual or future performance of the constituent funds.
- Through this material you are given the relevant award websites which are not under our control. We have no control over the nature, content and availability of those sites.
Contribution reminder for March 2022 (28 March 2022)
Easter holiday is around the corner. Employers are reminded to submit MPF Remittance Statements and make contributions in advance before the contribution deadline.
For employers who submit Remittance Statements and/or cheques by mail, please ensure your mail items bear sufficient postage before posting and allow sufficient time for delivery to ensure the Remittance Statements and/or cheques will reach HSBC MPF on or before the contribution deadline. Employers can also submit e-Remittance Statements and employer contributions via HSBC HK Business Express mobile app (applicable to HSBC commercial banking customers only) or HSBC Business Internet Banking anytime, anywhere. Learn more.
The latest edition of the "HSBC Retirement Monitor" is published (4 March 2022)
The latest edition of "HSBC Retirement Monitor* (March 2022) " is now available on HSBC MPF website. You can click here to understand the estimated expenditure for living in Hong Kong after retirement.
*The "HSBC Retirement Monitor" was commissioned by HSBC MPF with The Association of Superannuation Funds of Australia conducting the research and analysis.
Vote for your favourite MPF scheme (7 February 2022)
Cast your vote for your favourite MPF Scheme at MPF Ratings’ People’s Choice Award! The result of the poll contributes to the selection of the winner of the 4th annual People’s Choice Award, which is one of the prestigious awards held by MPF Ratings.
Please visit the below webpage to cast your vote on or before 14 February 2022
https://mpfratings.com.hk/2022-peoples-choice-vote/
(You will not be requested to provide your HSBC log-in credentials to take part in the survey)
For more details of the award, please visit MPF Ratings’ website, https://mpfratings.com.hk/ratings-and-awards/
Note:
Please note that the poll webpage is not hosted by us. MPF Ratings (an independent provider of MPF research, views and opinions and the organiser of the “People’s Choice” award) is not the supplier appointed by HSBC regarding the poll. Your contact information will be collected from the poll which is not intended for distribution to, or use by HSBC. The information will be used by MPF Ratings for verification to avoid duplicate voting and for communication on the incentive gift for joining the poll. The information will be destroyed after the completion and verification of the poll result and after the incentive gift is communicated to the participants. For any queries on the handling of the data concerned, please call the MPF Ratings at (852) 2588 3409.
Disclaimers:
This document does not constitute an invitation, inducement or advice to you on any products or services. Please seek professional advice where necessary. HSBC is not responsible for any content on third party sites, nor does a link suggest endorsement of those sites and/or their content.
Contribution arrangement for February 2022 (24 January 2022)
The Chinese New Year holiday is coming soon. Employers are reminded to submit remittance statement and make contribution payment earlier to avoid missing the contribution deadline. For employers who submit remittance statements and/or cheques by mail, please ensure there is sufficient time to ensure the remittance statements and/or cheques will reach HSBC MPF on or before the contribution deadline.
Vote for MPF Ratings ‘MPF 2022 Employers’ Choice Award’ (13 January 2022)
The 5th annual ‘Employer MPF Expectations Survey’ compiled by MPF Ratings and the Employers’ Federation of Hong Kong (EFHK) is now open for employers to share their view and opinions on MPF. The results of this survey contributes to the selection of the winner of 2022 Employers’ Choice award, which is one of the prestigious awards held by MPF Ratings.
Please visit the below webpage to cast your vote for your Employers’ Choice on or before 26 January 2022
https://zh.surveymonkey.com/r/8JRNRNQ
(You will not be requested to provide your HSBC log-in credentials to take part in the survey)
For more details on the award, please visit MPF Ratings’ website https://mpfratings.com.hk/ratings-and-awards/
Note:
Please note that the survey webpage is not hosted by us. Neither MPF Ratings nor EFHK are suppliers appointed by HSBC regarding the survey. The contact information of your company will be collected optionally from the survey which is not intended for distribution to, or use by HSBC. The information will be used by MPF Ratings and EFHK for communication on the survey only and will be destroyed after the completion and verification of the survey result. Besides, if you have provided your contact consent in the survey, you may also be contacted by MPF Ratings, an independent provider of MPF research, views and opinions and one of the survey’s organisers, for the purpose of additional research. For any queries on the handling of the data concerned, please call the MPF Ratings at (852) 2588 3409.
Disclaimers:
This document does not constitute an invitation, inducement or advice to you on any products or services. Please seek professional advice where necessary. HSBC is not responsible for any content on third party sites, nor does a link suggest endorsement of those sites and/or their content.
- Vote for MPF Ratings ‘MPF 2022 Employers’ Choice Award’ (13 January 2022)
- The latest edition of the "HSBC Retirement Monitor" is published (15 December 2021)
- A Milestone Accomplished to HSBC Mandatory Provident Fund – SuperTrust Plus (6 December 2021)
- Update of risk rating for the Hong Kong and Chinese Equity Fund under the HSBC Mandatory Provident Fund - SuperTrust Plus (the "Scheme") (30 November 2021)
- The latest edition of the "HSBC Retirement Monitor" is published (27 September 2021)
- Update on Roadshows at branches during weekends – September 2021 and onwards (9 September 2021)
- Update on various changes to the HSBC Mandatory Provident Fund - SuperTrust Plus (the ‘SuperTrust Plus’) (6 July 2021)
- Guaranteed Interest Rate for the new financial year (30 June 2021)
- The latest edition of the "HSBC Retirement Monitor" is published (25 June 2021)
- New feature will be brought to the HSBC Mandatory Provident Fund – SuperTrust Plus (the ‘Scheme’) (18 June 2021)
- Good MPF Employers is now open for applications (27 April 2021)
- Contribution arrangement in April 2021 (22 March 2021)
- The latest edition of the "HSBC Retirement Monitor" is published (8 March 2021)
- Contribution arrangement for February 2021 (25 January 2021)
The latest edition of the "HSBC Retirement Monitor" is published (15 December 2021)
The latest edition of "HSBC Retirement Monitor* (December 2021) " is now available on HSBC MPF website. You can click here to understand the estimated expenditure for living in Hong Kong after retirement.
*The "HSBC Retirement Monitor" was commissioned by HSBC MPF with The Association of Superannuation Funds of Australia conducting the research and analysis.
A Milestone Accomplished to HSBC Mandatory Provident Fund – SuperTrust Plus (6 December 2021)
HSBC MPF helps scheme participants to accumulate wealth to reach their retirement goals. We are committed to building long-term relationship with our customers and enhancing our products and services. HSBC MPF has completed the fund re-structuring announced in July 2021. Our HSBC Mandatory Provident Fund – SuperTrust Plus now consists of Constituent Funds covering all the fund types inclusive of money market fund, bond fund, mixed assets fund, guaranteed fund and equity fund, whilst both actively managed and passive/index-tracking equity funds are also offered for the major geographical regions inclusive of Hong Kong, mainland China, Asia, Europe and North America. Scheme participants can better differentiate each of the Constituent Funds under our platform and make the investment choices meeting their own investment styles, risk tolerance levels and personal circumstances.
Managing your MPF account(s) is at your fingertips. You can view your MPF balance, review best performing funds and change your investment allocation through internet banking or HSBC HK Mobile Banking app anytime and anywhere.
Update of risk rating for the Hong Kong and Chinese Equity Fund under the HSBC Mandatory Provident Fund - SuperTrust Plus (the "Scheme") (30 November 2021)
We regularly conduct reviews of the risk ratings for the constituent funds under the Scheme, and are pleased to inform you that the latest risk rating review has been completed. With effect from 1 December 2021, the risk rating for the Hong Kong and Chinese Equity Fund under the Scheme will be decreased from '5' to '4', while the risk ratings for other constituent funds under the Scheme remain unchanged.
To obtain the risk ratings of the other constituent funds and the description of each of the risk rating category, please refer to the HSBC MPF website, the 'Monthly Fund Performance Summary' and/or the 'Fund Fact Sheet'. Should you have any queries, please contact our HSBC MPF Member Hotline on (852) 3128 0128.
Please note that the risk ratings are provided for reference only and should not be regarded as investment advice.
The latest edition of the "HSBC Retirement Monitor" is published (27 September 2021)
The latest edition of "HSBC Retirement Monitor* (September 2021) " is now available on HSBC MPF website. You can click here to understand the estimated expenditure for living in Hong Kong after retirement.
*The "HSBC Retirement Monitor" was commissioned by HSBC MPF with The Association of Superannuation Funds of Australia conducting the research and analysis.
Update on Roadshows at branches during weekends – September 2021 and onwards (9 September 2021)
HSBC MPF always strives to deliver high level of MPF services at all times. To improve the customer experience, we are pleased to announce the new MPF branch services during designated weekends.
Updated Branch schedule for MPF services:
| Month 2021 |
Date |
Branch Name |
Address |
| Sep | 11 - 12 | Shatin Branch |
Shop No. 30D, Level 3, Shatin Centre Shopping Arcade, Sha Tin, New Territories |
| 25 - 26 | Aberdeen Centre Branch |
Shop 2, G/F, Site I, Aberdeen Centre, Aberdeen, Hong Kong |
|
| Oct | 9 - 10 | Telford Gardens Branch |
Shop Unit P16, Block G, Telford Plaza I, Kowloon Bay, Kowloon |
| 23 - 24 | Jade Plaza Branch |
Shop No. 26, Jade Plaza, Tai Po, New Territories |
|
| Nov | 6 - 7 | 128 Queen's Road Branch |
V Heun Building, 128-140 Queen's Road Central, Central, Hong Kong |
| 13 - 14 | East Point City Branch |
Shop No. 108, East Point City, 8 Chung Wa Road, Tseung Kwan O, New Territories |
|
| 20 - 21 | Tuen Mun Town Plaza Branch |
Shop 1, UG/F, Shopping Arcade Phase II, Tuen Mun Town Plaza, Tuen Mun, New Territories |
|
| Dec | 4 - 5 | Chai Wan Branch |
Shop No. 1-11, G/F, Block B, Walton Estate, 341-343 Chai Wan Road, Chai Wan, Hong Kong |
| 11 - 12 | Mong Kok Branch |
Basement & U/G, 673 Nathan Road, Mong Kok, Kowloon |
|
| 18 - 19 | Maritime Square Branch |
Shop 308 F, Level 3, Maritime Square, Tsing Yi, New Territories |
Operation hours: Sat: 3-8pm & Sun: 10-8pm
We will provide MPF services including services related to MPF Tax Deductible Voluntary Contribution (TVC), Account consolidation, Fund performance update and MPF retirement planning etc. during the special operation hours indicated above at these designated branches.
Find out more about MPF, and understand what are the considerations when choosing an MPF scheme. Please contact our MPF Specialist by approaching the above designated branches on specific day or making an appointment to meet them with selected timeslot.
Update on various changes to the HSBC Mandatory Provident Fund - SuperTrust Plus (the ‘SuperTrust Plus’) (6 July 2021)
HSBC MPF always strive to deliver high level of MPF products and services at all times. We are pleased to announce that several changes will be effected with the effective dates set out as below:
- VC Equity Fund Restructuring: restructure 3 of our existing funds (collectively the ‘VC Equity Funds’) into index-tracking funds;
- VC Balanced Fund Change: restructure the ValueChoice Balanced Fund such that its underlying investments will be predominantly passively managed;
- De-layering: simplify the investment structure of the equity funds (collectively the ‘Equity Funds’);
- Name Change: change the names of the affected Constituent Funds, where applicable
| Affected Constituent Funds |
Effective Dates |
|---|---|
| De-layering: |
- |
|
5 November 2021 |
| VC Equity Fund Restructuring (together with the Name Change and the De-layering of the VC Equity Funds): |
- |
|
12 November 2021 |
|
19 November 2021 |
|
26 November 2021 |
| VC Balanced Fund Change (together with the Name Change of the ValueChoice Balanced Fund): |
- |
|
3 December 2021 |
| Affected Constituent Funds |
De-layering: |
|---|---|
| Effective Dates |
- |
| Affected Constituent Funds |
|
| Effective Dates |
5 November 2021 |
| Affected Constituent Funds |
VC Equity Fund Restructuring (together with the Name Change and the De-layering of the VC Equity Funds): |
| Effective Dates |
- |
| Affected Constituent Funds |
|
| Effective Dates |
12 November 2021 |
| Affected Constituent Funds |
|
| Effective Dates |
19 November 2021 |
| Affected Constituent Funds |
|
| Effective Dates |
26 November 2021 |
| Affected Constituent Funds |
VC Balanced Fund Change (together with the Name Change of the ValueChoice Balanced Fund): |
| Effective Dates |
- |
| Affected Constituent Funds |
|
| Effective Dates |
3 December 2021 |
With the above changes, the SuperTrust Plus will consist of a more comprehensive offering of Constituent Funds, with a suite of low-fee funds that are index-tracking or passively managed. We believe this can facilitate you to better differentiate the restructured funds from other active funds on our MPF platform, allowing you to make investment choices meeting your own investment styles, risk tolerance levels and personal circumstances. This, together with the de-layering change, can simplify the investment structure of the funds and enhance investment, administrative and operational efficiency.
On the other hand, during a recent review of the management fee breakdown among key operators, we decided to adjust the fee breakdown with effect from 1 July 2021. While the fee components among different stakeholders were re-jiggled, the total management fee level payable by members remains unchanged.
In addition, the statutory Annual Registration Fee has been effected from 1 October 2020 and we are liable for the payment of the fee starting from 1 July 2021. Please rest assured that the fee will be borne and shared among the key operators with no impact on you.
For further details of the above, please refer to the Notice to Scheme Participants, First Supplement to the MPF Scheme Brochure and frequently asked questions.
Guaranteed Interest Rate for the new financial year (30 June 2021)
The Guaranteed Interest Rate for the Guaranteed Fund available under HSBC Mandatory Provident Fund - SuperTrust Plus is 0.15% per annum in the financial year from 1 July 2021 to 30 June 2022. The guarantee in the Guaranteed Fund only applies under certain conditions. Please refer to subsection 3.4.3(f) ‘Guarantee features’ of the MPF Scheme Brochure for details of the guarantee features (including in the context of payment of accrued benefits in instalments) and the ‘Guarantee Conditions’.
The latest edition of the "HSBC Retirement Monitor" is published (25 June 2021)
The latest edition of "HSBC Retirement Monitor* (June 2021) " is now available on HSBC MPF website. You can click here to understand the estimated expenditure for living in Hong Kong after retirement.
*The "HSBC Retirement Monitor" was commissioned by HSBC MPF with The Association of Superannuation Funds of Australia conducting the research and analysis.
New feature will be brought to the HSBC Mandatory Provident Fund – SuperTrust Plus (the ‘Scheme’) (18 June 2021)
With effect from 21 June 2021, there will be an additional option available for scheme participants to withdraw their MPF Benefits, AVC Benefits and TVC Benefits on their 65th birthday or on early retirement on or after reaching age 60, so that, they can create a long-term and steady monthly income for better retirement planning.
At eligible scheme participants’ decision, they can apply the monthly regular withdrawal by submitting a valid INPR ‘Claim Form for Payment of MPF Accrued Benefits (Benefits) on Grounds of Attaining the Retirement Age of 65 or Early Retirement [FORM MPF(S) – W(R)]’ together with the appropriate supporting documents to the Administrator of the Scheme one time to receive the monthly regular withdrawal amount from the selected MPF account(s) under the Scheme as specified on the INPR until the selected MPF account(s) is terminated or such regular withdrawal instruction is amended or cancelled. Scheme participants can opt-in the method of payment by deposit directly or cheque. The regular withdrawal instruction(s) can be amended or cancelled at any time at scheme participants’ decision by submitting a valid INRW ‘Change of Regular Withdrawal Instruction Form’.
The above mentioned forms will be available at HSBC MPF website at www.hsbc.com.hk/mpf or designated branches or scheme participants may request copies of them by contacting the HSBC MPF Member Hotline +852 3128 0128.
To learn more about this new feature, please refer to the Frequently Asked Questions.
Good MPF Employers is now open for applications (27 April 2021)
The Hong Kong economy has been hit hard by the COVID-19 pandemic in the past year. Despite the uncertain outlook, many employers are still providing extra retirement protection for their employees. The Good MPF Employer Award, organised by the Mandatory Provident Fund Schemes Authority (MPFA), now in its seventh year, recognises employers that are committed to enhancing the retirement benefits of their employees. Since the inception of the Award, over 2,200 companies and organisations have been commended. A record 1,671 employers were recognised last year despite the pandemic, showing that many employers in Hong Kong are willing to go the extra mile to support the retirement benefits of their employees.
The 2020-21 Good MPF Employer Award is open for applications and nominations from 1 April to 30 June. Two special awards have been introduced to commend and encourage companies / organisations that have made continuous efforts to enhance the retirement protection of their employees. Employers who fulfil the relevant criteria will be presented with one or both of the following special awards:
- Good MPF Employer 5+ Years
Companies / organisations that received the Good MPF Employer Award for five consecutive years or more. - Best All-round MPF Employer
Companies / organisations that meet all of the following criteria:
(1) Received the Good MPF Employer Award for seven consecutive years;
(2) Offered more than one MPF scheme;
(3) Offered MPF voluntary contributions for some or all of their employees;
(4) Received the e-Contribution Award; and
(5) Received the MPF Support Award.
To apply for this year’s Award which covers the period from 1 April 2020 to 31 March 2021, companies / organisations can fill in and submit an application online on the Good MPF Employer Award website, or submit their application by email, fax or post. Employees are also welcome to nominate their employers for the Award by submitting a nomination form to the MPFA.
The results of 2020-21 Good MPF Employer Award will be announced in October 2021. The MPFA will present award certificates to the awardees, and the list of awardees will be uploaded to the MPFA website. In addition to being invited to attend activities organised by the MPFA and receiving the latest information from the MPFA, the awardees will be entitled to display the award logo on their websites, and in their promotional materials, advertisements and activities until 30 September 2022. They also have the opportunity to share their experience with the public through various channels.
Act now, Good MPF Employers!
The above information is provided by the Mandatory Provident Fund Schemes Authority.
Contribution arrangement in April 2021 (22 March 2021)
Easter long holiday is coming soon. Employers are reminded to submit remittance statement and make contribution payment earlier to avoid missing the contribution deadline (12 April 2021). For employers who submit remittance statement and/or cheque by mail, please ensure you allow sufficient time for ensure the remittance statement and/or cheque to reach HSBC MPF on or before the contribution deadline.
The latest edition of the "HSBC Retirement Monitor" is published (8 March 2021)
The latest edition of "HSBC Retirement Monitor* (March 2021) " is now available on HSBC MPF website. You can click here to understand the estimated expenditure for living in Hong Kong after retirement.
*The "HSBC Retirement Monitor" was commissioned by HSBC MPF with The Association of Superannuation Funds of Australia conducting the research and analysis.
Contribution arrangement for February 2021 (25 January 2021)
Chinese New Year long holiday is coming soon. Employers are reminded to submit remittance statement and make contribution payment earlier to avoid missing the contribution deadline. For employers who submit remittance statements and/or cheques by mail, please ensure you allow sufficient time for ensure the remittance statements and/or cheques to reach HSBC MPF on or before the contribution deadline.
Latest MPF news
How does the downgrade of the US credit rating impact the market outlook? (24 June 2025)
On 16 May 2025, Moody's downgraded the US Government's senior unsecured rating from AAA to Aa1. The outlook is now stable, though previously negative.
It is important to recognise that Moody’s is just joining its peers (S&P and Fitch) in downgrading the US Treasury (UST) to AA+, Aa1, AA+ and therefore can be seen as ‘catching up’ with the others.
In the current climate of fiscal uncertainty and the prospects of tax cuts and reduced receipts, it is not surprising perhaps that Moody’s has chosen this point to admit that the US no longer warrants the highest rating. Many other countries have also lost the highest rating in recent years as debt migrated to sovereign balance sheets.
The downgrade, then, was almost certainly discounted. Yield curves have already steepened and sovereign bond yields from Japan to Germany (and the US) have maintained much higher average levels than in the post-Global Financial Crisis era.
Other bond markets could gain a comparative advantage from the uncertainty in the UST, although as the UST is a global benchmark, other curves are more likely to follow.
UST yields have had very little change since Moody’s downgrade – in fact they're a little lower – demonstrating that the downgrade in itself is probably not something that has impacted market pricing.
Important note:
- This information is intended for persons in Hong Kong.
- Investment involves risks. Past performance is not indicative of future performance. The value of financial instruments, in particular stocks and shares, and any income from such financial instruments, may go down as well as up. For further details including the product features and risks involved, please refer to the MPF Scheme Brochure.
- The content shared in this article should not be viewed as investment recommendation and advice. You should seek professional analysis and advice before making any decisions related to the information shared in this article.
Issued by The Hongkong and Shanghai Banking Corporation Limited
Important notes
- The information contained in this website is for reference only and will be updated from time to time without notice. The provisions of the Mandatory Provident Fund Schemes Ordinance, other applicable legislation/regulations and guidelines or announcements published by the Mandatory Provident Fund Schemes Authority shall prevail for any information on MPF system. If you are in doubt about the meaning or the effect of the contents of this website, you should seek independent professional advice.
- Investment involves risks. Past performance is not indicative of future performance. The value of financial instruments, in particular stocks and shares, and any income from such financial instruments, may go down as well as up. For further details including the product features and risks involved, please refer to the relevant MPF Scheme Brochure.
MPF news archives 2025
- How does the downgrade of the US credit rating impact the market outlook? (24 June 2025)
- The latest edition of the 'HSBC Retirement Monitor' is published (11 June 2025)
- Good MPF Employer Award 2024-25 is now open for applications till 15 July 2025 (19 May 2025)
- Changes to the disclosure in the HSBC Mandatory Provident Fund – SuperTrust Plus (17 April 2025)
- Contribution arrangement for March 2025 (24 March 2025)
- The latest edition of the "HSBC Retirement Monitor" is published (10 March 2025)
- Contribution arrangement for January 2025 (20 January 2025)
How does the downgrade of the US credit rating impact the market outlook? (24 June 2025)
On 16 May 2025, Moody's downgraded the US Government's senior unsecured rating from AAA to Aa1. The outlook is now stable, though previously negative.
It is important to recognise that Moody’s is just joining its peers (S&P and Fitch) in downgrading the US Treasury (UST) to AA+, Aa1, AA+ and therefore can be seen as ‘catching up’ with the others.
In the current climate of fiscal uncertainty and the prospects of tax cuts and reduced receipts, it is not surprising perhaps that Moody’s has chosen this point to admit that the US no longer warrants the highest rating. Many other countries have also lost the highest rating in recent years as debt migrated to sovereign balance sheets.
The downgrade, then, was almost certainly discounted. Yield curves have already steepened and sovereign bond yields from Japan to Germany (and the US) have maintained much higher average levels than in the post-Global Financial Crisis era.
Other bond markets could gain a comparative advantage from the uncertainty in the UST, although as the UST is a global benchmark, other curves are more likely to follow.
UST yields have had very little change since Moody’s downgrade – in fact they're a little lower – demonstrating that the downgrade in itself is probably not something that has impacted market pricing.
Important note:
- This information is intended for persons in Hong Kong.
- Investment involves risks. Past performance is not indicative of future performance. The value of financial instruments, in particular stocks and shares, and any income from such financial instruments, may go down as well as up. For further details including the product features and risks involved, please refer to the MPF Scheme Brochure.
- The content shared in this article should not be viewed as investment recommendation and advice. You should seek professional analysis and advice before making any decisions related to the information shared in this article.
Issued by The Hongkong and Shanghai Banking Corporation Limited
The latest edition of the 'HSBC Retirement Monitor' is published (11 June 2025)
Visit the HSBC MPF website to find the latest edition of 'HSBC Retirement Monitor* (June 2025)'. Read the report to understand the estimated expenditure for living in Hong Kong after retirement.
*The 'HSBC Retirement Monitor' was commissioned by HSBC MPF with The Association of Superannuation Funds of Australia conducting the research and analysis.
Good MPF Employer Award 2024-25 is now open for applications till 15 July 2025 (19 May 2025)
The below information is provided by the Mandatory Provident Fund Schemes Authority:
Great job, boss! It's time to shine for putting your employees first. The Good MPF Employer Award (GMEA) 2024-25, organised by the MPFA, is open for applications and nominations now.
This year marks the 11th anniversary of the GMEA which recognises good employers who care about and are willing to go the extra mile for their employees’ retirement protection. Last year, a record-breaking 2,298 companies and organisations received the GMEA. These exemplary employers not only comply with the MPF legislation, but also offer extra retirement protection for their employees.
Your extra retirement protection for employees deserves recognition. Apply for the GMEA now. Employees can also nominate their affiliate company or organisation for the GMEA. For details, please visit The Good MPF Employer Award website. The deadline is 15 July 2025.
Changes to the disclosure in the HSBC Mandatory Provident Fund – SuperTrust Plus (17 April 2025)
The disclosures in the offering documents of the HSBC Mandatory Provident Fund – SuperTrust Plus (‘SuperTrust Plus’) will be amended to reflect the below changes:
With effect from 30 April 2025, (a) the disclosures on fee charging mechanisms of MPF Conservative Fund and Guaranteed Fund will be enhanced.
With effect from 1 May 2025, (b) the disclosures of the SuperTrust Plus will be amended to reflect the new arrangement with respect to the offsetting arrangement in relation to accrued benefits attributable to the employer's mandatory contributions against the statutory long service payment or severance payment post 1 May 2025 (the ‘LSP/SP Offsetting Arrangement’).
For further details of the above changes, please refer to the Notice to Scheme Participants. The Second Supplement to the MPF Scheme Brochure of the HSBC Mandatory Provident Fund – SuperTrust Plus and the updated Key Scheme Information Document will be issued on 30 April 2025 and 1 May 2025 respectively and be available on the HSBC MPF website in due course.
Contribution arrangement for March 2025 (24 March 2025)
Ching Ming Festival and Easter holiday is around the corner. Employers are reminded to submit MPF Remittance Statements and make contributions in advance before the contribution deadline.
For employers who submit Remittance Statements and/or cheques by mail, please ensure your mail items bear sufficient postage before posting and allow sufficient time for delivery to ensure the Remittance Statements and/or cheques will reach HSBC MPF on or before the contribution deadline. Employers can also submit e-Remittance Statements and employer contributions via HSBC HK Business Express mobile app (applicable to HSBC commercial banking customers only) or HSBC Business Internet Banking anytime, anywhere. Click here to learn more.
The latest edition of the "HSBC Retirement Monitor" is published (10 March 2025)
The latest edition of "HSBC Retirement Monitor* (March 2025)" is now available on HSBC MPF website. You can click here to understand the estimated expenditure for living in Hong Kong after retirement.
*The "HSBC Retirement Monitor" was commissioned by HSBC MPF with The Association of Superannuation Funds of Australia conducting the research and analysis.
Contribution arrangement for January 2025 (20 January 2025)
Lunar New Year holiday is around the corner. Employers are reminded to submit MPF Remittance Statements and make contributions in advance before the contribution deadline.
For employers who submit Remittance Statements and/or cheques by mail, please ensure your mail items bear sufficient postage before posting and allow sufficient time for delivery to ensure the Remittance Statements and/or cheques will reach HSBC MPF on or before the contribution deadline. Employers can also submit e-Remittance Statements and employer contributions via HSBC HK Business Express mobile app (applicable to HSBC commercial banking customers only) or HSBC Business Internet Banking anytime, anywhere. Learn more.
MPF news archives 2024
- The latest edition of the "HSBC Retirement Monitor" is published (11 December 2024)
- Notice of HSBC MPF Online and Mobile Banking Terms (2 December 2024)
- The latest edition of the "HSBC Retirement Monitor" is published (9 September 2024)
- Suspension of Tuen Mun Town Plaza Branch weekend roadshow on 10-11 August 2024 (9 August 2024)
- Changes in the disclosures in the MPF Scheme Brochure of the HSBC Mandatory Provident Fund – SuperTrust Plus (22 July 2024)
- An interactive key scheme information document of HSBC Mandatory Provident Fund – SuperTrust Plus (the ‘SuperTrust Plus’) has been launched (28 June 2024)
- Guaranteed Interest Rate for the new financial year (28 June 2024)
- The latest edition of the "HSBC Retirement Monitor" is published (11 June 2024)
- Update on weekend branch roadshows – June 2024 and onwards (7 June 2024)
- Update of risk rating of Constituent Funds under the HSBC Mandatory Provident Fund – SuperTrust Plus (the “Scheme”) (3 June 2024)
- The 10th Anniversary of Good MPF Employer Award now accepts applications till 15 July 2024 (6 May 2024)
- Update on weekend branch roadshows – April 2024 and onwards (19 April 2024)
- Contribution arrangement for March 2024 (25 March 2024)
- The latest edition of the "HSBC Retirement Monitor" is published (8 March 2024)
- Contribution arrangement for January 2024 (29 January 2024)
- Update on weekend branch roadshows – January 2024 and onwards (10 January 2024)
The latest edition of the "HSBC Retirement Monitor" is published (11 December 2024)
The latest edition of "HSBC Retirement Monitor* (December 2024)" is now available on HSBC MPF website. You can click here to understand the estimated expenditure for living in Hong Kong after retirement.
*The "HSBC Retirement Monitor" was commissioned by HSBC MPF with The Association of Superannuation Funds of Australia conducting the research and analysis.
Notice of HSBC MPF Online and Mobile Banking Terms (2 December 2024)
We would like to notify you that starting from 12 January 2025, you will be asked to accept the HSBC MPF Online and Mobile Banking Terms before you access the HSBC MPF services under the Personal Internet Banking. This is a one-time requirement which will be implemented in phases for all Personal Internet Banking users with MPF accounts. Please read the related Notice for details.
The latest edition of the "HSBC Retirement Monitor" is published (9 September 2024)
The latest edition of "HSBC Retirement Monitor* (September 2024)" is now available on HSBC MPF website. You can click here to understand the estimated expenditure for living in Hong Kong after retirement.
*The "HSBC Retirement Monitor" was commissioned by HSBC MPF with The Association of Superannuation Funds of Australia conducting the research and analysis.
Suspension of Tuen Mun Town Plaza Branch weekend roadshow on 10-11 August 2024 (9 August 2024)
HSBC MPF weekend roadshow in Tuen Mun Town Plaza Branch on 10-11 August 2024 is suspended until further notice. We are sorry for the inconvenience and will provide updates on the weekend roadshow schedule as the situation evolves.
Find out more about MPF and understand what are the considerations when choosing an MPF scheme, visit and meet our MPF Specialists at designated branches with MPF service during branch business hour or making an appointment to meet them with selected timeslot.
Changes in the disclosures in the MPF Scheme Brochure of the HSBC Mandatory Provident Fund – SuperTrust Plus (22 July 2024)
With effect from 12 August 2024, the disclosures of certain Constituent Funds in the MPF Scheme Brochure of the HSBC Mandatory Provident Fund – SuperTrust Plus will be updated with respect to the use of financial futures contracts by its respective underlying approved pooled investment funds (the ‘APIFs’). The changes will allow the Investment Manager of the underlying APIFs to have the flexibility to address any settlement mismatch and will not have any adverse impact to scheme participants.
For further details of the above changes, please refer to the Notice to Scheme Participants and frequently asked questions. The First Supplement to the MPF Scheme Brochure of the HSBC Mandatory Provident Fund – SuperTrust Plus will be issued on 12 August 2024 and be available on the HSBC MPF website in due course.
An interactive key scheme information document of HSBC Mandatory Provident Fund – SuperTrust Plus (the ‘SuperTrust Plus’) has been launched (28 June 2024)
A key scheme information document (KSID) webpage offering an interactive experience has been launched to help scheme participants easily access key information about the SuperTrust Plus such as relevant fees and charges payable and the constituent funds available.
Enjoy the new experience with a simple click. Scheme participants can now view the SuperTrust Plus’s updated fund information sorted by fund category, read the SuperTrust Plus scheme document to learn more about the scheme, download commonly used administration forms to manage their MPF accounts, and conveniently access and navigate the MPFA website.
Learn how our award-winning products and services can help scheme participants save towards their retirement now.
Guaranteed Interest Rate for the new financial year (28 June 2024)
The Guaranteed Interest Rate for the Guaranteed Fund available under HSBC Mandatory Provident Fund - SuperTrust Plus is 0.20% per annum in the financial year from 1 July 2024 to 30 June 2025. The guarantee in the Guaranteed Fund only applies under certain conditions. Please refer to subsection 3.4.3(f) ‘Guarantee features’ of the MPF Scheme Brochure for details of the guarantee features (including in the context of payment of accrued benefits in instalments) and the ‘Guarantee Conditions’.
The latest edition of the "HSBC Retirement Monitor" is published (11 June 2024)
The latest edition of "HSBC Retirement Monitor* (June 2024)" is now available on HSBC MPF website. You can click here to understand the estimated expenditure for living in Hong Kong after retirement.
*The "HSBC Retirement Monitor" was commissioned by HSBC MPF with The Association of Superannuation Funds of Australia conducting the research and analysis.
Update on weekend branch roadshows – June 2024 and onwards (7 June 2024)
HSBC MPF always strives to deliver high level of MPF services at all times. To improve customer experience, we are pleased to announce the new MPF branch services during designated weekends.
| Month 2024 | Date | Branch name | Address |
|---|---|---|---|
| June | 22 – 23 | Lok Fu Branch | Shop No. L201 - L206, Upper Ground Floor II, Lok Fu Plaza, Wang Tau Hom, Kowloon |
| Month 2024 | June |
|---|---|
| Date | 22 – 23 |
| Branch name | Lok Fu Branch |
| Address | Shop No. L201 - L206, Upper Ground Floor II, Lok Fu Plaza, Wang Tau Hom, Kowloon |
Operation hours: Saturday: 3pm-8pm & Sunday: 10am-8pm
We will provide MPF services including services related to MPF Tax Deductible Voluntary Contributions (TVC), account consolidation, fund performance update and MPF retirement planning etc. during the special operation hours indicated above at designated branches.
Find out more about MPF and understand what are the considerations when choosing an MPF scheme. Please contact our MPF Specialist by approaching the above designated branches on specific day or making an appointment to meet them with selected timeslot.
Update of risk rating of Constituent Funds under the HSBC Mandatory Provident Fund – SuperTrust Plus (the “Scheme”) (3 June 2024)
We conduct reviews of the risk ratings for the Constituent Funds under the Scheme regularly in response to market conditions and our internal evaluations. Starting from 13 November 2023, we implemented a revised methodology that resulted in revisions to the risk ratings of certain Constituent Funds. On the other hand, the calculation methodology for risk class, which is another set of risk indicator concurrently being disclosed with the risk rating in the Fund Fact Sheet, remains unchanged.
To obtain the latest risk ratings of the Constituent Funds and the description of each of the risk rating category, please refer to the Monthly Fund Performance Summary and/or the Fund Fact Sheet posted on the HSBC MPF website or to the HSBC HK Mobile Banking app. Should you have any queries, please contact our HSBC MPF Member Hotline on (852) 3128 0128.
Please note that the risk ratings provided are for reference only and should not be regarded as investment advice. You should not solely rely on the risk ratings when making any investment choices for your MPF account(s).
The 10th Anniversary of Good MPF Employer Award now accepts applications till 15 July 2024 (6 May 2024)
Entering its 10th anniversary this year, the Good MPF Employer Award is now open for applications and nominations. Employers who are exemplary in enhancing the retirement benefits of their employees should act now and receive the recognition you deserve!
For details and online application, please visit The Good MPF Employer Award website. The deadline is 15 July 2024.
The above information is provided by the Mandatory Provident Fund Schemes Authority.
Update on weekend branch roadshows – April 2024 and onwards (19 April 2024)
HSBC MPF always strives to deliver high level of MPF services at all times. To improve customer experience, we are pleased to announce the new MPF branch services during designated weekends.
| Month 2024 | Date | Branch name | Address |
|---|---|---|---|
| April | 27 – 28 | Ma On Shan Branch | Shops 2601-04, Level 2, MOSTown, No. 628 Sai Sha Road, Ma On Shan, New Territories |
| May | 11 – 12 | Whampoa Garden Branch | Shop No. G6, 6A & G7, G/F, Site 4, Whampoa Garden, Hung Hom, Kowloon |
| May | 25 – 26 | Park Central Branch | Shops 202 & 203, Level 2, Park Central, 9 Tong Tak Street, Tseung Kwan O, New Territories |
| Month 2024 | April |
|---|---|
| Date | 27 – 28 |
| Branch name | Ma On Shan Branch |
| Address | Shops 2601-04, Level 2, MOSTown, No. 628 Sai Sha Road, Ma On Shan, New Territories |
| Month 2024 | May |
| Date | 11 – 12 |
| Branch name | Whampoa Garden Branch |
| Address | Shop No. G6, 6A & G7, G/F, Site 4, Whampoa Garden, Hung Hom, Kowloon |
| Month 2024 | May |
| Date | 25 – 26 |
| Branch name | Park Central Branch |
| Address | Shops 202 & 203, Level 2, Park Central, 9 Tong Tak Street, Tseung Kwan O, New Territories |
Operation hours: Saturday: 3pm-8pm & Sunday: 10am-8pm
We will provide MPF services including services related to MPF Tax Deductible Voluntary Contributions (TVC), account consolidation, fund performance update and MPF retirement planning etc. during the special operation hours indicated above at designated branches.
Find out more about MPF and understand what are the considerations when choosing an MPF scheme. Please contact our MPF Specialist by approaching the above designated branches on specific day or making an appointment to meet them with selected timeslot.
Contribution arrangement for March 2024 (25 March 2024)
Ching Ming Festival and Easter holidays are around the corner. Employers are reminded to submit MPF Remittance Statements and make contributions in advance before the contribution deadline.
For employers who submit Remittance Statements and/or cheques by mail, please ensure your mail items bear sufficient postage before posting and allow sufficient time for delivery to ensure the Remittance Statements and/or cheques will reach HSBC MPF on or before the contribution deadline. Employers can also submit e-Remittance Statements and employer contributions via the HSBC HK Business Express mobile app (applicable to HSBC commercial banking customers only) or the HSBC Business Internet Banking anytime, anywhere. Learn more.
The latest edition of the "HSBC Retirement Monitor" is published (8 March 2024)
The latest edition of "HSBC Retirement Monitor* (March 2024)" is now available on HSBC MPF website. You can click here to understand the estimated expenditure for living in Hong Kong after retirement.
*The "HSBC Retirement Monitor" was commissioned by HSBC MPF with The Association of Superannuation Funds of Australia conducting the research and analysis.
Contribution arrangement for January 2024 (29 January 2024)
Lunar New Year holiday is around the corner. Employers are reminded to submit MPF Remittance Statements and make contributions in advance before the contribution deadline.
For employers who submit Remittance Statements and/or cheques by mail, please ensure your mail items bear sufficient postage before posting and allow sufficient time for delivery to ensure the Remittance Statements and/or cheques will reach HSBC MPF on or before the contribution deadline. Employers can also submit e-Remittance Statements and employer contributions via HSBC HK Business Express mobile app (applicable to HSBC commercial banking customers only) or HSBC Business Internet Banking anytime, anywhere. Learn more.
Update on weekend branch roadshows – January 2024 and onwards (10 January 2024)
HSBC MPF always strives to deliver high level of MPF services at all times. To improve customer experience, we are pleased to announce the new MPF branch services during designated weekends.
| Month 2024 | Date | Branch name | Address |
|---|---|---|---|
| January | 13 – 14 | Kwun Tong Branch | G/F, Wong Tze Building, 71 Hoi Yuen Road, Kwun Tong, Kowloon |
| Month 2024 | January |
|---|---|
| Date | 13 – 14 |
| Branch name | Kwun Tong Branch |
| Address | G/F, Wong Tze Building, 71 Hoi Yuen Road, Kwun Tong, Kowloon |
Operation hours: Saturday: 3pm-8pm & Sunday: 10am-8pm
We will provide MPF services including services related to MPF Tax Deductible Voluntary Contributions (TVC), account consolidation, fund performance update and MPF retirement planning etc. during the special operation hours indicated above at designated branches.
Find out more about MPF and understand what are the considerations when choosing an MPF scheme. Please contact our MPF Specialist by approaching the above designated branches on specific day or making an appointment to meet them with selected timeslot.
MPF news archives 2023
- Update on the fund expense ratio (as of 30 June 2022) of the Constituent Funds of HSBC Mandatory Provident Fund – SuperTrust Plus (27 December 2023)
- The latest edition of the "HSBC Retirement Monitor" is published (5 December 2023)
- Update on weekend branch roadshows – November 2023 and onwards (17 November 2023)
- The latest edition of the "HSBC Retirement Monitor" is published (4 September 2023)
- Update on weekend branch roadshows – July 2023 and onwards (7 July 2023)
- Guaranteed Interest Rate for the new financial year (30 June 2023)
- The latest edition of the "HSBC Retirement Monitor" is published (2 June 2023)
- Update on weekend branch roadshows – April 2023 and onwards (30 May 2023)
- The Good MPF Employer Award 2022-23 accepts applications till 30 June (25 April 2023)
- Update on weekend branch roadshows – April 2023 and onwards (4 April 2023)
- Contribution arrangement for March 2023 (27 March 2023)
- The latest edition of the "HSBC Retirement Monitor" is published (3 March 2023)
- Update of risk rating for the Hong Kong and Chinese Equity Fund under the HSBC Mandatory Provident Fund – SuperTrust Plus (the “Scheme”) (27 February 2023)
- Update on weekend branch roadshows – February 2023 and onwards (24 February 2023)
Update on the fund expense ratio (as of 30 June 2022) of the Constituent Funds of HSBC Mandatory Provident Fund – SuperTrust Plus (27 December 2023)
| Constituent Funds | Fund Expense Ratio |
|---|---|
| North American Equity Fund | 1.29% |
European Equity Fund |
1.36% |
Asia Pacific Equity Fund |
1.56% |
Hong Kong and Chinese Equity Fund |
1.52% |
Chinese Equity Fund |
1.52% |
Global Equity Fund |
0.81% |
ValueChoice North America Equity Tracker Fund |
0.82% |
ValueChoice Europe Equity Tracker Fund |
0.91% |
ValueChoice Asia Pacific Equity Tracker Fund |
0.90% |
| Constituent Funds | North American Equity Fund |
|---|---|
| Fund Expense Ratio | 1.29% |
| Constituent Funds |
European Equity Fund |
| Fund Expense Ratio |
1.36% |
| Constituent Funds |
Asia Pacific Equity Fund |
| Fund Expense Ratio |
1.56% |
| Constituent Funds |
Hong Kong and Chinese Equity Fund |
| Fund Expense Ratio |
1.52% |
| Constituent Funds |
Chinese Equity Fund |
| Fund Expense Ratio |
1.52% |
| Constituent Funds |
Global Equity Fund |
| Fund Expense Ratio |
0.81% |
| Constituent Funds |
ValueChoice North America Equity Tracker Fund |
| Fund Expense Ratio |
0.82% |
| Constituent Funds |
ValueChoice Europe Equity Tracker Fund |
| Fund Expense Ratio |
0.91% |
| Constituent Funds |
ValueChoice Asia Pacific Equity Tracker Fund |
| Fund Expense Ratio |
0.90% |
The corresponding webpages and publications which disclose the fund expense ratio information have been updated as follows:
The latest edition of the "HSBC Retirement Monitor" is published (5 December 2023)
The latest edition of "HSBC Retirement Monitor* (December 2023)" is now available on HSBC MPF website. You can click here to understand the estimated expenditure for living in Hong Kong after retirement.
*The "HSBC Retirement Monitor" was commissioned by HSBC MPF with The Association of Superannuation Funds of Australia conducting the research and analysis.
Update on weekend branch roadshows – November 2023 and onwards (17 November 2023)
HSBC MPF always strives to deliver high level of MPF services at all times. To improve customer experience, we are pleased to announce the new MPF branch services during designated weekends.
| Month 2023 | Date | Branch name | Address |
|---|---|---|---|
| November | 18 – 19 | Cheung Sha Wan Premier Centre | G/F, Tin On Industrial Building, 777-779 Cheung Sha Wan Road, Kowloon |
| November | 25 – 26 | Festival Walk Branch | Shop LG2-01, Festival Walk, 80 Tat Chee Avenue, Kowloon Tong, Kowloon |
| December | 09 – 10 | The Westwood Branch | LG01-3, Lower Ground Floor, The Westwood, 8 Belcher's Street, Hong Kong |
| Month 2023 | November |
|---|---|
| Date | 18 – 19 |
| Branch name | Cheung Sha Wan Premier Centre |
| Address | G/F, Tin On Industrial Building, 777-779 Cheung Sha Wan Road, Kowloon |
| Month 2023 | November |
| Date | 25 – 26 |
| Branch name | Festival Walk Branch |
| Address | Shop LG2-01, Festival Walk, 80 Tat Chee Avenue, Kowloon Tong, Kowloon |
| Month 2023 | December |
| Date | 09 – 10 |
| Branch name | The Westwood Branch |
| Address | LG01-3, Lower Ground Floor, The Westwood, 8 Belcher's Street, Hong Kong |
Operation hours: Saturday: 3pm-8pm & Sunday: 10am-8pm
We will provide MPF services including services related to MPF Tax Deductible Voluntary Contributions (TVC), account consolidation, fund performance update and MPF retirement planning etc. during the special operation hours indicated above at designated branches.
Find out more about MPF and understand what are the considerations when choosing an MPF scheme. Please contact our MPF Specialist by approaching the above designated branches on specific day or making an appointment to meet them with selected timeslot.
The latest edition of the "HSBC Retirement Monitor" is published (4 September 2023)
The latest edition of "HSBC Retirement Monitor* (September 2023)" is now available on HSBC MPF website. You can click here to understand the estimated expenditure for living in Hong Kong after retirement.
*The "HSBC Retirement Monitor" was commissioned by HSBC MPF with The Association of Superannuation Funds of Australia conducting the research and analysis.
Update on weekend branch roadshows – July 2023 and onwards (7 July 2023)
HSBC MPF always strives to deliver high level of MPF services at all times. To improve customer experience, we are pleased to announce the new MPF branch services during designated weekends.
| Month 2023 | Date | Branch name | Address |
|---|---|---|---|
| July | 22-23 | Mong Kok Branch | Basement & U/G, 673 Nathan Road, Mong Kok, Kowloon |
| August | 5-6 | Tin Shui Wai Branch | Shops G39-40, G43-44, G/F, Phase II, Fortune Kingswood, 12-18 Tin Yan Road, Tin Yan Road, Tin Shui Wai, New Territories |
| August | 26-27 | Aberdeen Centre Branch | Shop 2, G/F Site I, Aberdeen Centre, Aberdeen, Hong Kong |
| September | 23-24 | North Point Branch | G/F, Winner House, 306-316 King’s Road, North Point, Hong Kong |
| Month 2023 | July |
|---|---|
| Date | 22-23 |
| Branch name | Mong Kok Branch |
| Address | Basement & U/G, 673 Nathan Road, Mong Kok, Kowloon |
| Month 2023 | August |
| Date | 5-6 |
| Branch name | Tin Shui Wai Branch |
| Address | Shops G39-40, G43-44, G/F, Phase II, Fortune Kingswood, 12-18 Tin Yan Road, Tin Yan Road, Tin Shui Wai, New Territories |
| Month 2023 | August |
| Date | 26-27 |
| Branch name | Aberdeen Centre Branch |
| Address | Shop 2, G/F Site I, Aberdeen Centre, Aberdeen, Hong Kong |
| Month 2023 | September |
| Date | 23-24 |
| Branch name | North Point Branch |
| Address | G/F, Winner House, 306-316 King’s Road, North Point, Hong Kong |
Operation hours: Saturday: 3pm-8pm & Sunday: 10am-8pm
We will provide MPF services including services related to MPF Tax Deductible Voluntary Contributions (TVC), account consolidation, fund performance update and MPF retirement planning etc. during the special operation hours indicated above at designated branches.
Find out more about MPF and understand what are the considerations when choosing an MPF scheme. Please contact our MPF Specialist by approaching the above designated branches on specific day or making an appointment to meet them with selected timeslot.
Guaranteed Interest Rate for the new financial year (30 June 2023)
The Guaranteed Interest Rate for the Guaranteed Fund available under HSBC Mandatory Provident Fund - SuperTrust Plus is 0.15% per annum in the financial year from 1 July 2023 to 30 June 2024. The guarantee in the Guaranteed Fund only applies under certain conditions. Please refer to subsection 3.4.3(f) 'Guarantee features' of the MPF Scheme Brochure for details of the guarantee features (including in the context of payment of accrued benefits in instalments) and the 'Guarantee Conditions'.
The latest edition of the "HSBC Retirement Monitor" is published (2 June 2023)
The latest edition of "HSBC Retirement Monitor*(June 2023)" is now available on HSBC MPF website. You can click here to understand the estimated expenditure for living in Hong Kong after retirement.
*The "HSBC Retirement Monitor" was commissioned by HSBC MPF with The Association of Superannuation Funds of Australia conducting the research and analysis.
Update on weekend branch roadshows – April 2023 and onwards (30 May 2023)
HSBC MPF always strives to deliver high level of MPF services at all times. To improve customer experience, we are pleased to announce the new MPF branch services during designated weekends.
| Month 2023 | Date | Branch name | Address |
|---|---|---|---|
| April | 22 - 23 | Jade Plaza Branch | Shop No. 26, Jade Plaza, Tai Po, New Territories |
| May | 20 - 21 | Telford Garden Branch | Shop Unit P16, Block G, Telford Plaza I, Kowloon Bay, Kowloon |
| June | 10 - 11 | Kwai Fong Branch | Shop 153-160, Level 1, Metroplaza, Kwai Fong, New Territories |
| June | 24 - 25 | Tung Chung Branch | Unit 509, 5/F, Citygate Outlets, 18-20 Tat Tung Road, Tung Chung, Lantau Island, Hong Kong |
| June | 24 - 25 | Cityplaza Branch | Unit 065, Cityplaza I, Taikoo Shing, Hong Kong |
| Month 2023 | April |
|---|---|
| Date | 22 - 23 |
| Branch name | Jade Plaza Branch |
| Address | Shop No. 26, Jade Plaza, Tai Po, New Territories |
| Month 2023 | May |
| Date | 20 - 21 |
| Branch name | Telford Garden Branch |
| Address | Shop Unit P16, Block G, Telford Plaza I, Kowloon Bay, Kowloon |
| Month 2023 | June |
| Date | 10 - 11 |
| Branch name | Kwai Fong Branch |
| Address | Shop 153-160, Level 1, Metroplaza, Kwai Fong, New Territories |
| Month 2023 | June |
| Date | 24 - 25 |
| Branch name | Tung Chung Branch |
| Address | Unit 509, 5/F, Citygate Outlets, 18-20 Tat Tung Road, Tung Chung, Lantau Island, Hong Kong |
| Month 2023 | June |
| Date | 24 - 25 |
| Branch name | Cityplaza Branch |
| Address | Unit 065, Cityplaza I, Taikoo Shing, Hong Kong |
Operation hours: Saturday: 3pm-8pm & Sunday: 10am-8pm
We will provide MPF services including services related to MPF Tax Deductible Voluntary Contributions (TVC), account consolidation, fund performance update and MPF retirement planning etc. during the special operation hours indicated above at designated branches.
Find out more about MPF and understand what are the considerations when choosing an MPF scheme. Please contact our MPF Specialist by approaching the above designated branches on specific day or making an appointment to meet them with selected timeslot.
The Good MPF Employer Award 2022-23 accepts applications till 30 June (25 April 2023)
The 2022-23 Good MPF Employer Award organized by the Mandatory Provident Fund Schemes Authority, is open for applications. Employers who are exemplary in enhancing the retirement benefits of their employees should act now.
For details and online application, please visit The Good MPF Employer Award website. The deadline is 30 June.
The above information is provided by the Mandatory Provident Fund Schemes Authority.
Update on weekend branch roadshows – April 2023 and onwards (4 April 2023)
HSBC MPF always strives to deliver high level of MPF services at all times. To improve customer experience, we are pleased to announce the new MPF branch services during designated weekends.
| Month 2023 | Date | Branch name | Address |
|---|---|---|---|
| April | 22 - 23 | Jade Plaza Branch | Shop No. 26, Jade Plaza, Tai Po, New Territories |
| May | 20 - 21 | Telford Garden Branch | Shop Unit P16, Block G, Telford Plaza I, Kowloon Bay, Kowloon |
| June | 10 - 11 | Kwai Fong Branch | Shop 153-160, Level 1, Metroplaza, Kwai Fong, New Territories |
| June | 24 - 25 | Tung Chung Branch | Unit 509, 5/F, Citygate Outlets, 18-20 Tat Tung Road, Tung Chung, Lantau Island, Hong Kong |
| Month 2023 | April |
|---|---|
| Date | 22 - 23 |
| Branch name | Jade Plaza Branch |
| Address | Shop No. 26, Jade Plaza, Tai Po, New Territories |
| Month 2023 | May |
| Date | 20 - 21 |
| Branch name | Telford Garden Branch |
| Address | Shop Unit P16, Block G, Telford Plaza I, Kowloon Bay, Kowloon |
| Month 2023 | June |
| Date | 10 - 11 |
| Branch name | Kwai Fong Branch |
| Address | Shop 153-160, Level 1, Metroplaza, Kwai Fong, New Territories |
| Month 2023 | June |
| Date | 24 - 25 |
| Branch name | Tung Chung Branch |
| Address | Unit 509, 5/F, Citygate Outlets, 18-20 Tat Tung Road, Tung Chung, Lantau Island, Hong Kong |
Operation hours: Saturday: 3pm-8pm & Sunday: 10am-8pm
We will provide MPF services including services related to MPF Tax Deductible Voluntary Contributions (TVC), account consolidation, fund performance update and MPF retirement planning etc. during the special operation hours indicated above at designated branches.
Find out more about MPF and understand what are the considerations when choosing an MPF scheme. Please contact our MPF Specialist by approaching the above designated branches on specific day or making an appointment to meet them with selected timeslot.
Contribution arrangement for March 2023 (27 March 2023)
Ching Ming Festival and Easter holiday are around the corner. Employers are reminded to submit MPF Remittance Statements and make contributions in advance before the contribution deadline.
For employers who submit Remittance Statements and/or cheques by mail, please ensure your mail items bear sufficient postage before posting and allow sufficient time for delivery to ensure the Remittance Statements and/or cheques will reach HSBC MPF on or before the contribution deadline. Employers can also submit e-Remittance Statements and employer contributions via HSBC HK Business Express mobile app (applicable to HSBC commercial banking customers only) or HSBC Business Internet Banking anytime, anywhere. Learn more.
The latest edition of the "HSBC Retirement Monitor" is published (3 March 2023)
The latest edition of "HSBC Retirement Monitor* (March 2023) " is now available on HSBC MPF website. You can click here to understand the estimated expenditure for living in Hong Kong after retirement.
*The "HSBC Retirement Monitor" was commissioned by HSBC MPF with The Association of Superannuation Funds of Australia conducting the research and analysis.
Update of risk rating for the Hong Kong and Chinese Equity Fund under the HSBC Mandatory Provident Fund – SuperTrust Plus (the “Scheme”) (27 February 2023)
We conduct reviews of the risk ratings for the Constituent Funds under the Scheme regularly and the risk ratings may be subject to change from time to time. We would like to inform you that the latest risk rating review has been completed. With effect from 28 February 2023, the risk rating for the Hong Kong and Chinese Equity Fund under the Scheme will be increased from '4' to '5, while the risk ratings for other Constituent Funds under the Scheme remain unchanged.
To obtain the latest risk ratings of the other Constituent Funds and the description of each of the risk rating category, please refer to the 'Monthly Fund Performance Summary' and/or the 'Fund Fact Sheet' posted on the HSBC MPF website or to the HSBC HK Mobile Banking app. Should you have any queries, please contact our HSBC MPF Member Hotline on (852) 3128 0128.
Please note that the risk ratings provided are for reference only and should not be regarded as investment advice. You should not rely on the risk ratings when making any investment choices for your MPF account(s).
Update on weekend branch roadshows – February 2023 and onwards (24 February 2023)
HSBC MPF always strives to deliver high level of MPF services at all times. To improve customer experience, we are pleased to announce the new MPF branch services during designated weekends.
| Month 2023 | Date | Branch name | Address |
|---|---|---|---|
| February | 25 - 26 | Shatin Plaza Branch | Shop 49, Level 1, Shatin Plaza, 21-27 Shatin Centre Street, Shatin, New Territories |
| March | 25 - 26 | Tsim Sha Tsui Branch | Basement, UG/F & 1/F, 82-84 Nathan Road, Tsim Sha Tsui, Kowloon |
| Month 2023 | February |
|---|---|
| Date | 25 - 26 |
| Branch name | Shatin Plaza Branch |
| Address | Shop 49, Level 1, Shatin Plaza, 21-27 Shatin Centre Street, Shatin, New Territories |
| Month 2023 | March |
| Date | 25 - 26 |
| Branch name | Tsim Sha Tsui Branch |
| Address | Basement, UG/F & 1/F, 82-84 Nathan Road, Tsim Sha Tsui, Kowloon |
Operation hours: Saturday: 3pm-8pm & Sunday: 10am-8pm
We will provide MPF services including services related to MPF Tax Deductible Voluntary Contributions (TVC), account consolidation, fund performance update and MPF retirement planning etc. during the special operation hours indicated above at designated branches.
Find out more about MPF and understand what are the considerations when choosing an MPF scheme. Please contact our MPF Specialist by approaching the above designated branches on specific day or making an appointment to meet them with selected timeslot.
MPF news archives 2022
- The latest edition of the "HSBC Retirement Monitor" is published (1 December 2022)
- Changes in relation to Hang Seng Index Tracking Fund under the HSBC Mandatory Provident Fund – SuperTrust Plus (the ‘Scheme’) (16 November 2022)
- Changes in relation to Hang Seng Index Tracking Fund under the HSBC Mandatory Provident Fund – SuperTrust Plus (the ‘Scheme’) (25 October 2022)
- The latest edition of the "HSBC Retirement Monitor" is published (1 September 2022)
- Update on Roadshows at branches during weekends – Aug 2022 and onwards (17 August 2022)
- Update on Roadshows at branches during weekends – Jul 2022 and onwards (7 July 2022)
- Key Scheme Information Document of HSBC Mandatory Provident Fund – SuperTrust Plus (the ‘SuperTrust Plus’) will be available on 30 June 2022 (30 June 2022)
- Guaranteed Interest Rate for the new financial year (30 June 2022)
- The latest edition of the "HSBC Retirement Monitor" is published (1 June 2022)
- Contribution arrangement for April 2022 (29 April 2022)
- Good MPF Employer Award 2021-22 accepts applications till 30 June (22 April 2022)
- HSBC MPF has been awarded the “Employers’ Choice Award” (1 April 2022)
- Contribution reminder for March 2022 (28 March 2022)
- The latest edition of the "HSBC Retirement Monitor" is published (4 March 2022)
- Vote for your favourite MPF scheme (7 February 2022)
- Contribution arrangement for February 2022 (24 January 2022)
- Vote for MPF Ratings ‘MPF 2022 Employers’ Choice Award’ (13 January 2022)
The latest edition of the "HSBC Retirement Monitor" is published (1 December 2022)
The latest edition of "HSBC Retirement Monitor* (December 2022) " is now available on HSBC MPF website. You can click here to understand the estimated expenditure for living in Hong Kong after retirement.
*The "HSBC Retirement Monitor" was commissioned by HSBC MPF with The Association of Superannuation Funds of Australia conducting the research and analysis.
Changes in relation to Hang Seng Index Tracking Fund under the HSBC Mandatory Provident Fund – SuperTrust Plus (the ‘Scheme’) (16 November 2022)
As announced earlier, from 13 September 2022, several changes in relation to Hang Seng Index Tracking Fund (the ‘Constituent Fund’) of the Scheme have taken effect. The Constituent Fund’s underlying ITCIS (i.e. Hang Seng Index ETF) has been de-listed from the Stock Exchange of Hong Kong Limited and continues to operate as an unlisted fund. Consequentially, the Hang Seng Index ETF has been renamed to Hang Seng Index Tracking Fund. The management fee of the Constituent Fund has been updated from ‘up to 0.755%’ to ‘up to 0.73%’ pa of NAV. For further details, please refer to the Notice to Scheme Participants, Supplement to the MPF Scheme Brochure and Key Scheme Information Document of the Scheme which have already available on HSBC MPF website.
Changes in relation to Hang Seng Index Tracking Fund under the HSBC Mandatory Provident Fund – SuperTrust Plus (the ‘Scheme’) (25 October 2022)
Informed by Hang Seng Investment Management Limited, who is the Investment Manager for the underlying ITCIS (i.e. Hang Seng Index ETF) invested by the Hang Seng Index Tracking Fund of the Scheme (the ‘Constituent Fund’), that the Hang Seng Index ETF is de-listed from the Stock Exchange of Hong Kong Limited on 13 September 2022 and continues to operate as an unlisted fund. Consequentially, Hang Seng Index ETF is renamed to Hang Seng Index Tracking Fund. Such changes do not result in any change in the underlying ITCIS’s investment objective as disclosed in the MPF Scheme Brochure (which is to track the Hang Seng Index), its key operators (including the Investment Manager) and the manner in which it is managed.
In addition, the management fee of the Constituent Fund is updated from ‘up to 0.755%’ to ‘up to 0.73%’ pa of NAV with effective from 13 September 2022.
For further details of the above, please refer to the Notice to Scheme Participants. The MPF Scheme Brochure as amended by the Supplement reflecting the above changes and the updated Key Scheme Information Document will be available on or after 13 September 2022 on HSBC MPF website.
The latest edition of the "HSBC Retirement Monitor" is published (1 September 2022)
The latest edition of "HSBC Retirement Monitor* (September 2022) " is now available on HSBC MPF website. You can click here to understand the estimated expenditure for living in Hong Kong after retirement.
*The "HSBC Retirement Monitor" was commissioned by HSBC MPF with The Association of Superannuation Funds of Australia conducting the research and analysis.
Update on Roadshows at branches during weekends - Aug 2022 and onwards (17 August 2022)
HSBC MPF always strives to deliver high level of MPF services at all times. To improve the customer experience, we are pleased to announce the new MPF branch services during designated weekends.
| Month 2022 | Date | Branch name | Address |
|---|---|---|---|
| Aug | 27 - 28 | North Point Branch | G/F, Winner House, 306-316 King's Road, North Point, Hong Kong |
| Sep | 24 - 25 | Tung Chung Branch | Unit 509, 5/F, Citygate Outlets, 18-20 Tat Tung Road, Tung Chung, Lantau Island, Hong Kong |
Oct |
29 – 30 |
Tai Yau Street Branch |
26-28 Tai Yau Street, San Po Kong, Kowloon |
Nov |
26 – 27 |
Aberdeen Centre Branch |
Shop 2, G/F, Site I, Aberdeen Centre, Aberdeen, Hong Kong |
Dec |
17 – 18 |
Mei Foo Shun Chuen Branch |
79, Broadway Stage 4, Mei Foo Sun Chuen, Kowloon |
| Month 2022 | Aug |
|---|---|
| Date | 27 - 28 |
| Branch name | North Point Branch |
| Address | G/F, Winner House, 306-316 King's Road, North Point, Hong Kong |
| Month 2022 | Sep |
| Date | 24 - 25 |
| Branch name | Tung Chung Branch |
| Address | Unit 509, 5/F, Citygate Outlets, 18-20 Tat Tung Road, Tung Chung, Lantau Island, Hong Kong |
| Month 2022 |
Oct |
| Date |
29 – 30 |
| Branch name |
Tai Yau Street Branch |
| Address |
26-28 Tai Yau Street, San Po Kong, Kowloon |
| Month 2022 |
Nov |
| Date |
26 – 27 |
| Branch name |
Aberdeen Centre Branch |
| Address |
Shop 2, G/F, Site I, Aberdeen Centre, Aberdeen, Hong Kong |
| Month 2022 |
Dec |
| Date |
17 – 18 |
| Branch name |
Mei Foo Shun Chuen Branch |
| Address |
79, Broadway Stage 4, Mei Foo Sun Chuen, Kowloon |
Operation hours: Saturdays: 3pm-8pm & Sundays: 10am-8pm
We will provide MPF services including services related to MPF Tax Deductible Voluntary Contribution (TVC), Account consolidation, Fund performance update and MPF retirement planning etc. during the special operation hours indicated above at these designated branches.
Find out more about MPF, and understand what are the considerations when choosing an MPF scheme. Please contact our MPF Specialist by approaching the above designated branches on specific day or making an appointment to meet them with selected timeslot.
Update on Roadshows at branches during weekends - Jul 2022 and onwards (7 July 2022)
HSBC MPF always strives to deliver high level of MPF services at all times. To improve the customer experience, we are pleased to announce the new MPF branch services during designated weekends.
| Month 2022 | Date | Branch name | Address |
|---|---|---|---|
| Jul | 30 - 31 | Yuen Long Branch | G/F, HSBC Building Yuen Long, 150-160 Castle Peak Road, Yuen Long, New Territories |
| Month 2022 | Jul |
|---|---|
| Date | 30 - 31 |
| Branch name | Yuen Long Branch |
| Address | G/F, HSBC Building Yuen Long, 150-160 Castle Peak Road, Yuen Long, New Territories |
Operation hours: Saturdays: 3pm-8pm & Sundays: 10am-8pm
We will provide MPF services including services related to MPF Tax Deductible Voluntary Contribution (TVC), Account consolidation, Fund performance update and MPF retirement planning etc. during the special operation hours indicated above at these designated branches.
Find out more about MPF, and understand what are the considerations when choosing an MPF scheme. Please contact our MPF Specialist by approaching the above designated branches on specific day or making an appointment to meet them with selected timeslot.
Key Scheme Information Document of HSBC Mandatory Provident Fund – SuperTrust Plus (the ‘SuperTrust Plus’) will be available on 30 June 2022 (30 June 2022)
The Key Scheme Information Document (the ‘KSID’), which forms part of the offering document of the SuperTrust Plus, will be available from 30 June 2022. The KSID helps to provide scheme members with key scheme information relating to the SuperTrust Plus in a simplified and standardized format prescribed by the Mandatory Provident Fund Schemes Authority. The KSID has adopted a layered approach which scheme members will benefit from having one single document that bring them to more information and can choose the level of detail of information desired. The KSID is designed to be easy-to-read to directing scheme members to the necessary documents or tools through electronic means (e.g. web link and/or QR code provided).
The KSID (together with the MPF Scheme Brochure) and Notice to Scheme Participants are available on HSBC MPF website. For further information, please feel free to contact the HSBC MPF Employer Hotline +852 2583 8033 or HSBC MPF Member Hotline +852 3128 0128.
Guaranteed Interest Rate for the new financial year (30 June 2022)
The Guaranteed Interest Rate for the Guaranteed Fund available under HSBC Mandatory Provident Fund - SuperTrust Plus is 0.15% per annum in the financial year from 1 July 2022 to 30 June 2023. The guarantee in the Guaranteed Fund only applies under certain conditions. Please refer to subsection 3.4.3(f) 'Guarantee features' of the MPF Scheme Brochure for details of the guarantee features (including in the context of payment of accrued benefits in instalments) and the 'Guarantee Conditions'.
The latest edition of the "HSBC Retirement Monitor" is published (1 June 2022)
The latest edition of "HSBC Retirement Monitor* (June 2022) " is now available on HSBC MPF website. You can click here to understand the estimated expenditure for living in Hong Kong after retirement.
*The "HSBC Retirement Monitor" was commissioned by HSBC MPF with The Association of Superannuation Funds of Australia conducting the research and analysis.
Contribution arrangement for April 2022 (29 April 2022)
The Public holidays of May (Day following of Labour Day and Buddha’s birthday) are coming soon. Employers are reminded to submit remittance statement and make contribution payment earlier to avoid missing the contribution deadline. For employers who submit remittance statements and/or cheques by mail, please ensure there is sufficient time for ensure the remittance statements and/or cheques will reach HSBC MPF on or before the contribution deadline.
Good MPF Employer Award 2021-22 accepts applications till 30 June (22 April 2022)
The 2021-22 Good MPF Employer Award (the Award), organized by the Mandatory Provident Fund Schemes Authority (MPFA), is now open for applications and nominations.
The Award aims to promote and foster employer compliance with MPF legislation; encourage employers to provide better retirement benefits for their employees; and recognise employers who are exemplary in enhancing the retirement benefits of their employees. Nearly 2,500 companies and organizations have been honoured as “Good MPF Employers” since its debut in 2015.
Eligible employers should act now and apply for the Award. Employees are also welcome to nominate their employers for the Award. For more details, please visit the Good MPF Employer Award website. The deadline is 30 June 2022.
The above information is provided by the Mandatory Provident Fund Schemes Authority.
HSBC MPF has been awarded the “Employers’ Choice Award” (1 April 2022)
Further to the achievements of 7 MPF Ratings’ awards earlier in January, we are excited to announce that HSBC MPF has been crowned the title of “Employers’ Choice” at “The 2022 MPF Awards” by MPF Ratings. It is the first time we have won this prestigious industry award with the support of Hong Kong employers who voted HSBC MPF as the most popular MPF scheme in Hong Kong. For more details on the “Employers’ Choice Award”, please refer here for the media release issued by MPF Ratings.
8 MPF Ratings’ awards1 won by HSBC MPF include:
- Employers’ Choice
- Gold Rated Scheme
- 5 Year Gold Scheme (It is the six consecutive year HSBC MPF received the gold rating)
- Best Use of Technology
- Environmentally Responsible
- Good Governance*
- 5 Years Consistent Performer – Bond (Global)
- 10 Years Consistent Performer – Bond (Global)
* ‘Good Governance’ was awarded to the HSBC Provident Fund Trustee (Hong Kong) Limited as the Trustee for HSBC MPF – SuperTrust Plus.
Source:
- MPF Ratings. The awards and rating were based on MPF Ratings’ assessment criteria. For the awardee, assessment and rating criteria/methodology, please refer to https://mpfratings.com.hk/ratings-and-awards/.
Note:
- Investment involves risks. Past performance is not indicative of future performance. The value of financial instruments, in particular stocks and shares, and any income from such financial instrument, may go down as well as up. For further details including the product features and risks involved, please refer to the MPF Scheme Brochure.
- The content shared in this article should not be viewed as investment recommendation and advice. You should seek professional analysis and advice before making any decisions related to the information shared in this article.
- The above awards are for reference only and this material is for corporate news update purpose only. They are not indicative of the actual or future performance of the constituent funds.
- Through this material you are given the relevant award websites which are not under our control. We have no control over the nature, content and availability of those sites.
Contribution reminder for March 2022 (28 March 2022)
Easter holiday is around the corner. Employers are reminded to submit MPF Remittance Statements and make contributions in advance before the contribution deadline.
For employers who submit Remittance Statements and/or cheques by mail, please ensure your mail items bear sufficient postage before posting and allow sufficient time for delivery to ensure the Remittance Statements and/or cheques will reach HSBC MPF on or before the contribution deadline. Employers can also submit e-Remittance Statements and employer contributions via HSBC HK Business Express mobile app (applicable to HSBC commercial banking customers only) or HSBC Business Internet Banking anytime, anywhere. Learn more.
The latest edition of the "HSBC Retirement Monitor" is published (4 March 2022)
The latest edition of "HSBC Retirement Monitor* (March 2022) " is now available on HSBC MPF website. You can click here to understand the estimated expenditure for living in Hong Kong after retirement.
*The "HSBC Retirement Monitor" was commissioned by HSBC MPF with The Association of Superannuation Funds of Australia conducting the research and analysis.
Vote for your favourite MPF scheme (7 February 2022)
Cast your vote for your favourite MPF Scheme at MPF Ratings’ People’s Choice Award! The result of the poll contributes to the selection of the winner of the 4th annual People’s Choice Award, which is one of the prestigious awards held by MPF Ratings.
Please visit the below webpage to cast your vote on or before 14 February 2022
https://mpfratings.com.hk/2022-peoples-choice-vote/
(You will not be requested to provide your HSBC log-in credentials to take part in the survey)
For more details of the award, please visit MPF Ratings’ website, https://mpfratings.com.hk/ratings-and-awards/
Note:
Please note that the poll webpage is not hosted by us. MPF Ratings (an independent provider of MPF research, views and opinions and the organiser of the “People’s Choice” award) is not the supplier appointed by HSBC regarding the poll. Your contact information will be collected from the poll which is not intended for distribution to, or use by HSBC. The information will be used by MPF Ratings for verification to avoid duplicate voting and for communication on the incentive gift for joining the poll. The information will be destroyed after the completion and verification of the poll result and after the incentive gift is communicated to the participants. For any queries on the handling of the data concerned, please call the MPF Ratings at (852) 2588 3409.
Disclaimers:
This document does not constitute an invitation, inducement or advice to you on any products or services. Please seek professional advice where necessary. HSBC is not responsible for any content on third party sites, nor does a link suggest endorsement of those sites and/or their content.
Contribution arrangement for February 2022 (24 January 2022)
The Chinese New Year holiday is coming soon. Employers are reminded to submit remittance statement and make contribution payment earlier to avoid missing the contribution deadline. For employers who submit remittance statements and/or cheques by mail, please ensure there is sufficient time to ensure the remittance statements and/or cheques will reach HSBC MPF on or before the contribution deadline.
Vote for MPF Ratings ‘MPF 2022 Employers’ Choice Award’ (13 January 2022)
The 5th annual ‘Employer MPF Expectations Survey’ compiled by MPF Ratings and the Employers’ Federation of Hong Kong (EFHK) is now open for employers to share their view and opinions on MPF. The results of this survey contributes to the selection of the winner of 2022 Employers’ Choice award, which is one of the prestigious awards held by MPF Ratings.
Please visit the below webpage to cast your vote for your Employers’ Choice on or before 26 January 2022
https://zh.surveymonkey.com/r/8JRNRNQ
(You will not be requested to provide your HSBC log-in credentials to take part in the survey)
For more details on the award, please visit MPF Ratings’ website https://mpfratings.com.hk/ratings-and-awards/
Note:
Please note that the survey webpage is not hosted by us. Neither MPF Ratings nor EFHK are suppliers appointed by HSBC regarding the survey. The contact information of your company will be collected optionally from the survey which is not intended for distribution to, or use by HSBC. The information will be used by MPF Ratings and EFHK for communication on the survey only and will be destroyed after the completion and verification of the survey result. Besides, if you have provided your contact consent in the survey, you may also be contacted by MPF Ratings, an independent provider of MPF research, views and opinions and one of the survey’s organisers, for the purpose of additional research. For any queries on the handling of the data concerned, please call the MPF Ratings at (852) 2588 3409.
Disclaimers:
This document does not constitute an invitation, inducement or advice to you on any products or services. Please seek professional advice where necessary. HSBC is not responsible for any content on third party sites, nor does a link suggest endorsement of those sites and/or their content.
MPF news archives 2021
- Vote for MPF Ratings ‘MPF 2022 Employers’ Choice Award’ (13 January 2022)
- The latest edition of the "HSBC Retirement Monitor" is published (15 December 2021)
- A Milestone Accomplished to HSBC Mandatory Provident Fund – SuperTrust Plus (6 December 2021)
- Update of risk rating for the Hong Kong and Chinese Equity Fund under the HSBC Mandatory Provident Fund - SuperTrust Plus (the "Scheme") (30 November 2021)
- The latest edition of the "HSBC Retirement Monitor" is published (27 September 2021)
- Update on Roadshows at branches during weekends – September 2021 and onwards (9 September 2021)
- Update on various changes to the HSBC Mandatory Provident Fund - SuperTrust Plus (the ‘SuperTrust Plus’) (6 July 2021)
- Guaranteed Interest Rate for the new financial year (30 June 2021)
- The latest edition of the "HSBC Retirement Monitor" is published (25 June 2021)
- New feature will be brought to the HSBC Mandatory Provident Fund – SuperTrust Plus (the ‘Scheme’) (18 June 2021)
- Good MPF Employers is now open for applications (27 April 2021)
- Contribution arrangement in April 2021 (22 March 2021)
- The latest edition of the "HSBC Retirement Monitor" is published (8 March 2021)
- Contribution arrangement for February 2021 (25 January 2021)
The latest edition of the "HSBC Retirement Monitor" is published (15 December 2021)
The latest edition of "HSBC Retirement Monitor* (December 2021) " is now available on HSBC MPF website. You can click here to understand the estimated expenditure for living in Hong Kong after retirement.
*The "HSBC Retirement Monitor" was commissioned by HSBC MPF with The Association of Superannuation Funds of Australia conducting the research and analysis.
A Milestone Accomplished to HSBC Mandatory Provident Fund – SuperTrust Plus (6 December 2021)
HSBC MPF helps scheme participants to accumulate wealth to reach their retirement goals. We are committed to building long-term relationship with our customers and enhancing our products and services. HSBC MPF has completed the fund re-structuring announced in July 2021. Our HSBC Mandatory Provident Fund – SuperTrust Plus now consists of Constituent Funds covering all the fund types inclusive of money market fund, bond fund, mixed assets fund, guaranteed fund and equity fund, whilst both actively managed and passive/index-tracking equity funds are also offered for the major geographical regions inclusive of Hong Kong, mainland China, Asia, Europe and North America. Scheme participants can better differentiate each of the Constituent Funds under our platform and make the investment choices meeting their own investment styles, risk tolerance levels and personal circumstances.
Managing your MPF account(s) is at your fingertips. You can view your MPF balance, review best performing funds and change your investment allocation through internet banking or HSBC HK Mobile Banking app anytime and anywhere.
Update of risk rating for the Hong Kong and Chinese Equity Fund under the HSBC Mandatory Provident Fund - SuperTrust Plus (the "Scheme") (30 November 2021)
We regularly conduct reviews of the risk ratings for the constituent funds under the Scheme, and are pleased to inform you that the latest risk rating review has been completed. With effect from 1 December 2021, the risk rating for the Hong Kong and Chinese Equity Fund under the Scheme will be decreased from '5' to '4', while the risk ratings for other constituent funds under the Scheme remain unchanged.
To obtain the risk ratings of the other constituent funds and the description of each of the risk rating category, please refer to the HSBC MPF website, the 'Monthly Fund Performance Summary' and/or the 'Fund Fact Sheet'. Should you have any queries, please contact our HSBC MPF Member Hotline on (852) 3128 0128.
Please note that the risk ratings are provided for reference only and should not be regarded as investment advice.
The latest edition of the "HSBC Retirement Monitor" is published (27 September 2021)
The latest edition of "HSBC Retirement Monitor* (September 2021) " is now available on HSBC MPF website. You can click here to understand the estimated expenditure for living in Hong Kong after retirement.
*The "HSBC Retirement Monitor" was commissioned by HSBC MPF with The Association of Superannuation Funds of Australia conducting the research and analysis.
Update on Roadshows at branches during weekends – September 2021 and onwards (9 September 2021)
HSBC MPF always strives to deliver high level of MPF services at all times. To improve the customer experience, we are pleased to announce the new MPF branch services during designated weekends.
Updated Branch schedule for MPF services:
| Month 2021 |
Date |
Branch Name |
Address |
| Sep | 11 - 12 | Shatin Branch |
Shop No. 30D, Level 3, Shatin Centre Shopping Arcade, Sha Tin, New Territories |
| 25 - 26 | Aberdeen Centre Branch |
Shop 2, G/F, Site I, Aberdeen Centre, Aberdeen, Hong Kong |
|
| Oct | 9 - 10 | Telford Gardens Branch |
Shop Unit P16, Block G, Telford Plaza I, Kowloon Bay, Kowloon |
| 23 - 24 | Jade Plaza Branch |
Shop No. 26, Jade Plaza, Tai Po, New Territories |
|
| Nov | 6 - 7 | 128 Queen's Road Branch |
V Heun Building, 128-140 Queen's Road Central, Central, Hong Kong |
| 13 - 14 | East Point City Branch |
Shop No. 108, East Point City, 8 Chung Wa Road, Tseung Kwan O, New Territories |
|
| 20 - 21 | Tuen Mun Town Plaza Branch |
Shop 1, UG/F, Shopping Arcade Phase II, Tuen Mun Town Plaza, Tuen Mun, New Territories |
|
| Dec | 4 - 5 | Chai Wan Branch |
Shop No. 1-11, G/F, Block B, Walton Estate, 341-343 Chai Wan Road, Chai Wan, Hong Kong |
| 11 - 12 | Mong Kok Branch |
Basement & U/G, 673 Nathan Road, Mong Kok, Kowloon |
|
| 18 - 19 | Maritime Square Branch |
Shop 308 F, Level 3, Maritime Square, Tsing Yi, New Territories |
Operation hours: Sat: 3-8pm & Sun: 10-8pm
We will provide MPF services including services related to MPF Tax Deductible Voluntary Contribution (TVC), Account consolidation, Fund performance update and MPF retirement planning etc. during the special operation hours indicated above at these designated branches.
Find out more about MPF, and understand what are the considerations when choosing an MPF scheme. Please contact our MPF Specialist by approaching the above designated branches on specific day or making an appointment to meet them with selected timeslot.
Update on various changes to the HSBC Mandatory Provident Fund - SuperTrust Plus (the ‘SuperTrust Plus’) (6 July 2021)
HSBC MPF always strive to deliver high level of MPF products and services at all times. We are pleased to announce that several changes will be effected with the effective dates set out as below:
- VC Equity Fund Restructuring: restructure 3 of our existing funds (collectively the ‘VC Equity Funds’) into index-tracking funds;
- VC Balanced Fund Change: restructure the ValueChoice Balanced Fund such that its underlying investments will be predominantly passively managed;
- De-layering: simplify the investment structure of the equity funds (collectively the ‘Equity Funds’);
- Name Change: change the names of the affected Constituent Funds, where applicable
| Affected Constituent Funds |
Effective Dates |
|---|---|
| De-layering: |
- |
|
5 November 2021 |
| VC Equity Fund Restructuring (together with the Name Change and the De-layering of the VC Equity Funds): |
- |
|
12 November 2021 |
|
19 November 2021 |
|
26 November 2021 |
| VC Balanced Fund Change (together with the Name Change of the ValueChoice Balanced Fund): |
- |
|
3 December 2021 |
| Affected Constituent Funds |
De-layering: |
|---|---|
| Effective Dates |
- |
| Affected Constituent Funds |
|
| Effective Dates |
5 November 2021 |
| Affected Constituent Funds |
VC Equity Fund Restructuring (together with the Name Change and the De-layering of the VC Equity Funds): |
| Effective Dates |
- |
| Affected Constituent Funds |
|
| Effective Dates |
12 November 2021 |
| Affected Constituent Funds |
|
| Effective Dates |
19 November 2021 |
| Affected Constituent Funds |
|
| Effective Dates |
26 November 2021 |
| Affected Constituent Funds |
VC Balanced Fund Change (together with the Name Change of the ValueChoice Balanced Fund): |
| Effective Dates |
- |
| Affected Constituent Funds |
|
| Effective Dates |
3 December 2021 |
With the above changes, the SuperTrust Plus will consist of a more comprehensive offering of Constituent Funds, with a suite of low-fee funds that are index-tracking or passively managed. We believe this can facilitate you to better differentiate the restructured funds from other active funds on our MPF platform, allowing you to make investment choices meeting your own investment styles, risk tolerance levels and personal circumstances. This, together with the de-layering change, can simplify the investment structure of the funds and enhance investment, administrative and operational efficiency.
On the other hand, during a recent review of the management fee breakdown among key operators, we decided to adjust the fee breakdown with effect from 1 July 2021. While the fee components among different stakeholders were re-jiggled, the total management fee level payable by members remains unchanged.
In addition, the statutory Annual Registration Fee has been effected from 1 October 2020 and we are liable for the payment of the fee starting from 1 July 2021. Please rest assured that the fee will be borne and shared among the key operators with no impact on you.
For further details of the above, please refer to the Notice to Scheme Participants, First Supplement to the MPF Scheme Brochure and frequently asked questions.
Guaranteed Interest Rate for the new financial year (30 June 2021)
The Guaranteed Interest Rate for the Guaranteed Fund available under HSBC Mandatory Provident Fund - SuperTrust Plus is 0.15% per annum in the financial year from 1 July 2021 to 30 June 2022. The guarantee in the Guaranteed Fund only applies under certain conditions. Please refer to subsection 3.4.3(f) ‘Guarantee features’ of the MPF Scheme Brochure for details of the guarantee features (including in the context of payment of accrued benefits in instalments) and the ‘Guarantee Conditions’.
The latest edition of the "HSBC Retirement Monitor" is published (25 June 2021)
The latest edition of "HSBC Retirement Monitor* (June 2021) " is now available on HSBC MPF website. You can click here to understand the estimated expenditure for living in Hong Kong after retirement.
*The "HSBC Retirement Monitor" was commissioned by HSBC MPF with The Association of Superannuation Funds of Australia conducting the research and analysis.
New feature will be brought to the HSBC Mandatory Provident Fund – SuperTrust Plus (the ‘Scheme’) (18 June 2021)
With effect from 21 June 2021, there will be an additional option available for scheme participants to withdraw their MPF Benefits, AVC Benefits and TVC Benefits on their 65th birthday or on early retirement on or after reaching age 60, so that, they can create a long-term and steady monthly income for better retirement planning.
At eligible scheme participants’ decision, they can apply the monthly regular withdrawal by submitting a valid INPR ‘Claim Form for Payment of MPF Accrued Benefits (Benefits) on Grounds of Attaining the Retirement Age of 65 or Early Retirement [FORM MPF(S) – W(R)]’ together with the appropriate supporting documents to the Administrator of the Scheme one time to receive the monthly regular withdrawal amount from the selected MPF account(s) under the Scheme as specified on the INPR until the selected MPF account(s) is terminated or such regular withdrawal instruction is amended or cancelled. Scheme participants can opt-in the method of payment by deposit directly or cheque. The regular withdrawal instruction(s) can be amended or cancelled at any time at scheme participants’ decision by submitting a valid INRW ‘Change of Regular Withdrawal Instruction Form’.
The above mentioned forms will be available at HSBC MPF website at www.hsbc.com.hk/mpf or designated branches or scheme participants may request copies of them by contacting the HSBC MPF Member Hotline +852 3128 0128.
To learn more about this new feature, please refer to the Frequently Asked Questions.
Good MPF Employers is now open for applications (27 April 2021)
The Hong Kong economy has been hit hard by the COVID-19 pandemic in the past year. Despite the uncertain outlook, many employers are still providing extra retirement protection for their employees. The Good MPF Employer Award, organised by the Mandatory Provident Fund Schemes Authority (MPFA), now in its seventh year, recognises employers that are committed to enhancing the retirement benefits of their employees. Since the inception of the Award, over 2,200 companies and organisations have been commended. A record 1,671 employers were recognised last year despite the pandemic, showing that many employers in Hong Kong are willing to go the extra mile to support the retirement benefits of their employees.
The 2020-21 Good MPF Employer Award is open for applications and nominations from 1 April to 30 June. Two special awards have been introduced to commend and encourage companies / organisations that have made continuous efforts to enhance the retirement protection of their employees. Employers who fulfil the relevant criteria will be presented with one or both of the following special awards:
- Good MPF Employer 5+ Years
Companies / organisations that received the Good MPF Employer Award for five consecutive years or more. - Best All-round MPF Employer
Companies / organisations that meet all of the following criteria:
(1) Received the Good MPF Employer Award for seven consecutive years;
(2) Offered more than one MPF scheme;
(3) Offered MPF voluntary contributions for some or all of their employees;
(4) Received the e-Contribution Award; and
(5) Received the MPF Support Award.
To apply for this year’s Award which covers the period from 1 April 2020 to 31 March 2021, companies / organisations can fill in and submit an application online on the Good MPF Employer Award website, or submit their application by email, fax or post. Employees are also welcome to nominate their employers for the Award by submitting a nomination form to the MPFA.
The results of 2020-21 Good MPF Employer Award will be announced in October 2021. The MPFA will present award certificates to the awardees, and the list of awardees will be uploaded to the MPFA website. In addition to being invited to attend activities organised by the MPFA and receiving the latest information from the MPFA, the awardees will be entitled to display the award logo on their websites, and in their promotional materials, advertisements and activities until 30 September 2022. They also have the opportunity to share their experience with the public through various channels.
Act now, Good MPF Employers!
The above information is provided by the Mandatory Provident Fund Schemes Authority.
Contribution arrangement in April 2021 (22 March 2021)
Easter long holiday is coming soon. Employers are reminded to submit remittance statement and make contribution payment earlier to avoid missing the contribution deadline (12 April 2021). For employers who submit remittance statement and/or cheque by mail, please ensure you allow sufficient time for ensure the remittance statement and/or cheque to reach HSBC MPF on or before the contribution deadline.
The latest edition of the "HSBC Retirement Monitor" is published (8 March 2021)
The latest edition of "HSBC Retirement Monitor* (March 2021) " is now available on HSBC MPF website. You can click here to understand the estimated expenditure for living in Hong Kong after retirement.
*The "HSBC Retirement Monitor" was commissioned by HSBC MPF with The Association of Superannuation Funds of Australia conducting the research and analysis.
Contribution arrangement for February 2021 (25 January 2021)
Chinese New Year long holiday is coming soon. Employers are reminded to submit remittance statement and make contribution payment earlier to avoid missing the contribution deadline. For employers who submit remittance statements and/or cheques by mail, please ensure you allow sufficient time for ensure the remittance statements and/or cheques to reach HSBC MPF on or before the contribution deadline.