The Chief Executive, in exercise of his authority under the Mandatory Provident Fund Schemes Ordinance (Cap. 485) (MPFSO), has appointed Dr Bankee Kwan Pak-hoo and Dr Billy Mak Sui-choi as the Chairman and the Deputy Chairman of the Mandatory Provident Fund Schemes Advisory Committee (MPFSAC) respectively. The appointments are for a term of two years, effective from November 1, 2024, until October 31, 2026, both dates inclusive.

     Welcoming the appointments today (October 25), a spokesperson for the Financial Services and the Treasury Bureau said, "The MPFSAC is tasked to advise the Mandatory Provident Fund Schemes Authority (MPFA) regarding its effectiveness and efficiency as well as the operation of the MPFSO. We believe that with his extensive knowledge and profound experience in the Mandatory Provident Fund System and labour relations, Dr Kwan will effectively lead the MPFSAC to provide insightful recommendations to the MPFA."

     The spokesperson also thanked the outgoing Chairman, Mr Ip Kwok-him, and the outgoing Deputy Chairman, Ms Loretta Fong Wan-huen, for their valuable contributions to the MPFSAC over the past years.

     The new membership of the MPFSAC is as follows:

Chairman
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Dr Bankee Kwan Pak-hoo

Deputy Chairman
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Dr Billy Mak Sui-choi

Members
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Mr Dennis Ho Chiu-ping
Mr Lee Wing-man
Ms Janet Li Tze-yan
Ms Doris Lian Shaodong
Mr Yau Yiu-shing
Mr Emil Yu Chen-on
Ms Helen Zee

MPFA representative
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Mr Cheng Yan-chee, Managing Director

Ends/Friday, October 25, 2024
Issued at HKT 11:00

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