【MPF】The MPFA Reportedly Plans to Ease Regulations on Mandatory Provident Fund (MPF) Investments in Gold ETFs

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The South China Morning Post, citing sources, reported that Hong Kong plans to relax the rules on MPF investments in gold ETFs, in line with the Hong Kong government’s plan to turn Hong Kong into a regional gold trading hub. It is reported that the MPFA plans to revise the rules on gold ETF investments later this week. The reform will include risk management measures, such as limiting gold ETFs’ investment allocation to no more than 10% of MPF assets, and banning eligible ETFs from using derivatives.

It is said that the MPFA may not review applications on a case-by-case basis, but instead allow all gold ETFs that meet specific criteria to automatically become eligible MPF investment options.

The report said that this adjustment is intended to increase the choice of gold ETFs, giving MPF members more product options. This is also one of the Hong Kong government’s goals for positioning Hong Kong as a regional gold trading center.

Currently, MPF funds can already invest in ETFs approved by the MPFA.

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