MPFA relaxes rules for MPF investment in gold ETFs.

The South China Morning Post, citing sources, reported that the Mandatory Provident Fund (MPF) will soon be able to invest in more gold ETFs as part of the Hong Kong government's plan to promote the city as a gold trading hub. It is understood that the Mandatory Provident Fund Schemes Authority (MPFA) plans to amend the regulations on gold ETF investments later this week, abandoning the case-by-case approval approach and allowing all gold ETFs that meet specific criteria to become eligible MPF investment products. (mn/j)
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