The Hong Kong Mandatory Provident Fund Schemes Authority has set a target: to reduce the administrative fees of the MPF from 0.37% to below 0.3% next year.

The Chief Executive of the Hong Kong Mandatory Provident Fund Schemes Authority, Zheng En-Ci, stated at a legislative council meeting that a target has been set to reduce the administrative fees of the Trillions of MPF scheme under the "eMPF" platform from the current 0.37% to below 0.3% next year. The Deputy Secretary of the Hong Kong Treasury, Gao Yihui, said that the administrative fees of the Trillions of MPF scheme after joining the "eMPF" platform are expected to be reduced by 57% to 65%, which is greater than originally expected. Some legislative council members raised concerns about the operation of the platform, including the time lag in fund transactions and the ease of registration. The CEO of the eMPF limited company, Lu Zhijian, stated that the complaint rate has been decreasing and that many of the past complaints were related to the now discontinued electronic identity authentication eKYC.