MPF assets back above HK$1 trillion on Chinese equity gains

A strong rebound in Chinese equities in November helped to reverse Hong Kong’s mandatory retirement fund’s performance losses over five consecutive months and drove its total assets under management back above the HK$1 trillion ($128.6 billion) mark. The Mandatory Provident Fund (MPF) saw an aggregate investment gain of HK$92.9 billion in November, fuelled by a rally in Chinese equities, both onshore and offshore, which accounted for about 25% of MPF’s total assets. All asset cl…