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The Mandatory Provident Fund (MPF) System was set up as one of the pillars under the multi-pillar retirement protection model advocated by the World Bank to prepare the working population for retirement. Since its inception on 1 December 2000, a number of reforms have been implemented to further improve the MPF System. Among them is the Default Investment Strategy (DIS) which, to be launched on 1 April, is designed primarily for scheme members who are not interested in managing or do not know how to manage their MPF. The business sector has made a number of suggestions to the Government, including that MPF contributions should also come from the Government in addition to employers and employees, as well as a comprehensive review and integration of the existing MPF, severance payment and long service payment arrangements. While enhancing protection for employees, the System should also take into account the financial burden on businesses, especially SMEs, and Hong Kong's overall competitiveness.

As the head of the Mandatory Provident Fund Schemes Authority (MPFA), Dr David Wong Yau-kar will talk about the challenges the MPFA faces, such as how to further lower the fees of MPF funds, offsetting of MPF as well as its next work target, eMPF, a centralized electronic platform at the Chamber's "Town Hall Forum Series" on 25 April.

Speaker(s) Dr David Wong Yau-kar
Dr David Wong Yau-kar obtained his Ph.D. in Economics from the University of Chicago in 1987. Dr Wong has since worked in various industries including corporate finance, manufacturing and trading. Dr Wong actively participates in various community services. He is presently Chairman of Land and Development Advisory Committee and Chairman of Protection of Wages on Insolvency Fund Board. He is also a member of Exchange Fund Advisory Committee, Economic Development Commission, and a Hong Kong Deputy of The 12th National People's Congress. Dr Wong is Permanent Honorary President of the Chinese Manufacturers' Association of Hong Kong (CMA). He also currently serves as a non-executive director at a number of listed and non-listed companies.
Language English
Date and Time 2017/04/25 16:30 to 18:00
Venue Chamber Theatre, 22/F United Centre
Media Closed to media
Enquiries Ray Lai
Tel: 28231297
Email: ray@chamber.org.hk
Fee Members @ HK$160
+$50 for booking offline
Members Only
This event accepts Chamber Coupon (terms and conditions)
Members enjoy 30% discount with BOC HKGCC VISA Card
Notes - Bookings will only be confirmed with full payment, on a first-come-first-served basis.
- Substitution is allowed for corporate members only with advanced notice while walk-ins will normally not be accepted.
- Please note that the Chamber reserves the right to decline any booking or cancel the event without explanation. In any such instance, the event fee will be returned in full.
- There will be no refund for attendees cancelling or not showing up for the event unless the cancellation request is made in writing at least 3 days before the event, and in such cases the refund will be subjected to a 10% administration fee, or HK$100 deduction, whichever is higher.
- Members paying with their BOC HKGCC Visa Card will enjoy a 30% discount on their reservation. The discount is only applicable to the card holder, and does not extend to their guests. The discount cannot be used in conjunction with Chamber Coupons.
- Starting 1 January 2017, all off-line bookings (e.g. fax, e-mail, post) for Chamber events will be charged a $50 handling fee per person. Make the switch to online today by installing our app or registering via our website to save the environment and save money.
- Priorities are given to corporate members. The decision to accept or decline any bookings shall be at the sole discretion of the Chamber.