MPF Ratings issued a report stating that due to the decline in the US and global stock markets in December, as of the 22nd, it is expected that the MPF will have a cumulative loss of HK$190.7 billion for the year (that is, a drop of about 16.15%).
After including MPF contributions, it is expected that the average account balance of MPF members will moderately increase to about 228,600 yuan in December, and will drop by about 29,000 yuan for the whole year; if the market will remain stable during the festival, the total assets of MPF will At the end of this year, it is expected to be about 1.046 trillion Hong Kong dollars, a drop of about 11.5% for the whole year, mainly because MPF contributions make up for accumulated investment losses to a certain extent.
According to the "MPF Rated Equity Fund (Hong Kong and China) Index", Hong Kong and China equity funds are expected to post their best monthly returns in December for the second consecutive month since the launch of the MPF. Positive return; although MPF has positive performance in the last month of this year, it is expected that Hong Kong and China stock funds and US stock funds will become the worst-performing asset classes of MPF this year, with a cumulative loss of about 20% for the whole year, while The last and only time this happened since the introduction of MPF was in 2008.