Media: Hong Kong considers allowing the Mandatory Provident Fund to invest in gold ETFs.

According to a report cited by Sing Tao Daily, the Chairman of the Mandatory Provident Fund Schemes Authority (MPFA), David Wong, stated at a committee meeting in the Hong Kong Legislative Council that the MPFA is considering allowing MPF investments in gold ETFs. The Authority has completed a review of MPF investments in real estate investment trusts (REITs). The plan aims to allow MPF investments in REITs listed in Shenzhen and Shanghai, while removing the investment limits on REITs listed on five overseas exchanges. This year, the Authority will continue to review the range of investments allowed for MPF, in order to include more diverse investment products. The plan is to complete a comprehensive review of the preset investment strategy and formulate improvement proposals by the end of this year.