Investors welcome Hong Kong MPF's tilt towards China government bonds

Hong Kong’s chief executive Carrie Lam this month announced sweeping reforms to the Mandatory Provident Fund (MPF) aimed at boosting returns through a tilt towards Chinese government bonds. At an annual policy address on October 6, Lam announced MPF reforms that also included changes to the MPF offsetting regime, policies concerning MPF withdrawal, the scope of investments and the timeframe for an electronic platform. Lam said the government would facilitate MPF investments in C…