Mr Christopher Hui
Secretary for Financial Services and the Treasury
The MPF System was introduced 20 years ago. As the Chinese saying goes, “to be crowned at twenty”, meaning that a man should receive crowning at the age of 20, which signifies a man turning adult and enters into a new stage of life.
There is nothing more important than setting a goal when we start a new phase. For the MPF System, it is to establish the eMPF platform in the near future. This digital platform will be a one-stop common platform connecting employees, employers and the MPF industry. It will significantly reduce administrative work, and automate, standardize and simplify MPF scheme administration.
So we appeal for your support to facilitate the smooth implementation of the platform. Another important goal of the eMPF platform is to reduce cost by simplifying the administrative work, so as to benefit the public at large.
The eMPF platform is expected to be gradually implemented starting 2022. We hope that everyone will benefit from cost reduction. It will be a new page in the MPF System and we look forward to your continued support.