More A-shares to be included in MPF by 2023

Hong Kong’s $150 billion public retirement scheme is expected to allocate more assets to onshore Chinese equities, as China A-shares to be added to a benchmark that widely used by the city’s Mandatory Provident Fund (MPF) managers for mixed asset funds. From July 2023, the benchmark for MPF mixed asset funds, commonly known as the growth fund, balanced fund, stable growth fund and capital stable fund, will include the FTSE MPF China A hedged index, increasing the number of total i…