Hong Kong's Mandatory Provident Fund Faces Record Losses
Hong Kong's Mandatory Provident Fund (MPF) is set to announce losses exceeding <strong>HKD 100 billion</strong> (approximately <strong>USD 12.8 billion</strong>) for March, marking its worst performance since its inception 25 years ago. These losses come amid a sharp decline in global financial markets and disruptions from conflicts in the Middle East.