Tax reform is part of the Suga administration's latest moves to lure financial firms away from Hong Kong, but it will still be a long way to build itself as a global financial centre.
The de facto central bank plans to increase the liquidity level in its portfolio. Experts say this could mean cutting its alternative asset exposure while raising its allocation to bonds.
The variety of funds with the largest equity fund category for MPF members is in need of refinement, according to a Hong Kong-based research firm.
The pandemic has challenged local communities to such an extent that family offices are switching their priorities in terms of impact funding.
The MPFA is approving fund houses that will be introducing investment products for post retirement, while making other efforts to improve the pension system.
Hong Kong's lack of stability is causing it to lose out to Singapore in the competition to manage and administer private family investments.