To optimize macro-level measures that support overall market development, it is recommended to increase the proportion of index products in the default investment strategy (DIS) of the Mandatory Provident Fund (MPF), and introduce more age-based tiers within the existing DIS. Additionally, under the current tax-deductible schemes—namely the Qualified Deferred Annuity Policy (QDAP) and Tax Deductible Voluntary Contributions (TVC) to the MPF—it is proposed to add long-term ETF investment as a new deductible item. Raising the annual tax deduction cap to HK$120,000 could potentially drive an annual increase of nearly HK$12 billion in ETF assets under management (AUM). Expanding the product scope of the ETF Connect program would further strengthen and broaden cross-border connectivity, facilitate northbound and southbound capital flows, and actively explore new mutual recognition arrangements with other major markets. More

To optimize macro-level measures that support overall market development, it is recommended to increase the proportion of index products in the default investment strategy (DIS) of the Mandatory Provident Fund (MPF), and introduce more age-based tiers within the existing DIS. Additionally, under the current tax-deductible schemes—namely the Qualified Deferred Annuity Policy (QDAP) and Tax Deductible Voluntary Contributions (TVC) to the MPF—it is proposed to add long-term ETF investment as a new deductible item. Raising the annual tax deduction cap to HK$120,000 could potentially drive an annual increase of nearly HK$12 billion in ETF assets under management (AUM). Expanding the product scope of the ETF Connect program would further strengthen and broaden cross-border connectivity, facilitate northbound and southbound capital flows, and actively explore new mutual recognition arrangements with other major markets. More

To optimize macro-level measures that support overall market development, it is recommended to increase the proportion of index products in the default investment strategy (DIS) of the Mandatory Provident Fund (MPF), and introduce more age-based tiers within the existing DIS. Additionally, under the current tax-deductible schemes—namely the Qualified Deferred Annuity Policy (QDAP) and Tax Deductible Voluntary Contributions (TVC) to the MPF—it is proposed to add long-term ETF investment as a new deductible item. Raising the annual tax deduction cap to HK$120,000 could potentially drive an annual increase of nearly HK$12 billion in ETF assets under management (AUM). Expanding the product scope of the ETF Connect program would further strengthen and broaden cross-border connectivity, facilitate northbound and southbound capital flows, and actively explore new mutual recognition arrangements with other major markets. More

To optimize macro-level measures that support overall market development, it is recommended to increase the proportion of index products in the default investment strategy (DIS) of the Mandatory Provident Fund (MPF), and introduce more age-based tiers within the existing DIS. Additionally, under the current tax-deductible schemes—namely the Qualified Deferred Annuity Policy (QDAP) and Tax Deductible Voluntary Contributions (TVC) to the MPF—it is proposed to add long-term ETF investment as a new deductible item. Raising the annual tax deduction cap to HK$120,000 could potentially drive an annual increase of nearly HK$12 billion in ETF assets under management (AUM). Expanding the product scope of the ETF Connect program would further strengthen and broaden cross-border connectivity, facilitate northbound and southbound capital flows, and actively explore new mutual recognition arrangements with other major markets. More