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To: ms.smartest.person who wrote (4000)12/5/2000 1:32:27 AM
From: ms.smartest.person  Read Replies (1) | Respond to of 4541
 
09:31 05-DEC-2000 MPF participants show little interest in Hong Kong stocks

Very few of the 1.4 million local employees have chosen Hong Kong equity funds in their Mandatory Provident Fund plans, according to the Sing Tao Daily.

Some may not feel optimistic about Hong Kong's. A spokesperson of HSBC's MPF unit said that only 0.5 pct of the 600,000 participants signed up with the bank chose any Hong Kong funds. In other words, only 3000 people picked them.

Moreover, only 12.3 pct of people with Manulife's MPF programme invested t in Hong Kong stocks in the overall portfolio.

Based on these figures, only $1 billion of the MPF capital is invested in Hong Kong stocks in the first year.

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