Let all of China become an FEZ, says HK secretary

Hong Kong’s financial services secretary would welcome a private industry pension scheme to run alongside the city's MPF system, and views Shanghai's free economic zone as creating opportunities rather than competition. Speaking at the Hong Kong Investment Funds Association (HKIFA) summit this week, professor KC Chan admitted that Hong Kong’s Mandatory Provident Fund (MPF) “was not really thought through properly when it was set up [in 2000]”. He said most scheme members don’t r…