Hong Kong’s Mandatory Provident Fund launches in 2000 – from the SCMP archive

This article was originally published on December 2, 2000 By Felix Chan Warning for MPF-dodging bosses Employers were warned on Friday (December 1, 2000), the day the Mandatory Provident Fund (MPF) was launched, that they could not escape paying their fair share. Only about 135,000 employers, 54 per cent of those required to do so, had signed up by the deadline. About 1.44 million employees and 124,000 self-employed had joined, representing 71 per cent and 44 per cent, respectively, of those...