Key facts
- Hong Kong MPF scheme introduces 'full portability' on December 21.
- The eMPF platform was launched in 2024 to streamline MPF administration.
- Certain Principal MPF plans were onboarded to the eMPF Platform in May 2025.
- BCTC became trustee and custodian for specific Principal MPF plans on July 27, 2026.
Hong Kong employees will gain enhanced control over their compulsory retirement savings through the Mandatory Provident Fund (MPF) scheme, with a new "full portability" mechanism set to take effect on December 21. This initiative follows the introduction of the eMPF platform in 2024, a centralized electronic system aimed at standardizing and automating MPF administrative processes. The eMPF platform began onboarding schemes in May 2025. Separately, as of July 27, 2026, Bank Consortium Trust Company Limited (BCTC) assumed the roles of trustee and custodian, and BCT Financial Limited (BCTF) became the MPF scheme provider for specific Principal MPF plans, with Principal Asset Management Company (Asia) Limited continuing as the investment manager.