Hong Kong MPF set to end 2022 with HK$190 billion loss

Hong Kong’s Mandatory Provident Fund scheme is set to close 2022 with losses of about HK$190.7 billion, according to MPF Ratings. The outlook for 2023 is mildly optimistic given the recent performance of Hong Kong and Chinese equtiies, it said. "Despite producing forecasted losses of around 20% for 2022 and HK and China equities, MPF’s largest asset class is on track to produce a second consecutive month of good performance giving it momentum going into 2023. Such momentum is ca…