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BCT Rises to Third-Largest MPF Scheme Sponsor
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Data on MPF market share for 1Q26 show changes in the top three positions in Hong Kong's MPF market. BCT's market share rose from 7% (sixth place) at the end of last year to 11.7% at the end of March this year, surpassing Sun Life, AIA and BOC-Prudential to become the third-largest MPF scheme sponsor, marking the first time since February 2020. Manulife continued to rank first with a 27.8% share, while HSBC ranked second at 18%. MPF Ratings noted that as BCT decided to "assume the promotion and sales role for the Principal MPF Scheme," effective January 1 this year, the MPF assets it is currently responsible for promoting and distributing amount to approximately HKD180.11 billion, compared with HKD109.11 billion at the end of 2025. This drove its scheme sponsor assets to grow by 87% and 66% over the past three and five calendar years, respectively. (ha/u) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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