1. EMpLOYED pOpULATION BY TYpE OF RETIREMENT SCHEMES · 5A. CONTRIBUTIONS RECEIVED AND BENEFITS pAID – MpF SCHEMES (1.4.2011-31.3.2012) (HK$ million) Quarter Contributions Received

AnnuAL REPORT 2011/12 111

STATISTICS

Part A — MPF Scheme Members

1. EMpLOYED pOpULATION BY TYpE OF RETIREMENT SCHEMES (as at 31.3.2012)

Number of participants

(’000)

Joined MPF schemes 2 576

Joined other retirement schemes 522

not required to join any local retirement scheme 394

Should join but have not yet joined any MPF scheme 127

2. THE MpF UNIVERSE (as at 31.3.2012)

Employers under the MpF System (’000)

number of main businesses 1 342

Add– number of owners’ corporations with employee(s) that are not covered in the Central Register of

Establishments (“CRE”)2

– number of employers engaged in other industries that are not covered in the CRE

4

6

Less– number of businesses with no employees3 93

Number of employers under the MpF System* 259

* Figures may not sum up to the total due to rounding.The figures were estimated on the basis of: 1 Statistics obtained from the Central Register of Establishments and the Survey of Employment and Vacancies by the Census and Statistics

Department.2 Figures provided by the Land Registry.3 Statistics obtained from the Survey of Employment and Vacancies by the Census and Statistics Department.

71% Joined MPF schemes

14% Joined other retirement schemes

11% not required to join any local retirement scheme

4% Should join but have not yet joined any MPF scheme

MAnDATORy PROvIDEnT FunD SCHEMES AuTHORITy112

STATISTICS

Relevant Employees under the MpF System Employees who are 18 years old or over but under 65 years of age are required to join an MPF scheme, with the exception of

certain exempt persons. The table below shows the process of calculating the number of relevant employees under the MPF System.

(’000)

Total number of employees in Hong Kong (excluding those aged below 18 or above 65)1 3 247Less– number of civil servants who are covered by the Civil Service Pension System2 124– number of teachers who are covered by the Grant Schools or Subsidized Schools Provident Fund3 38– number of employees who choose to remain as members of MPF exempted ORSO registered schemes4 360– number of domestic employees1 284– number of expatriates who do not have the right of abode in Hong Kong and are covered by overseas

retirement schemes or who work in Hong Kong for not more than 13 months5

50

– number of employees who are employed for less than 60 days, excluding employees participating in construction and catering industries6

17

Number of relevant employees under the MpF System* 2 373

* Figures may not sum up to the total due to rounding.The figures were estimated on the basis of: 1 Statistics obtained from the General Household Survey by the Census and Statistics Department.2 Figures published by the Civil Service Bureau.3 Figures published by the Education Bureau.4 Figures reported by employers of MPF exempted ORSO registered schemes.5 Figures published by the Immigration Department.6 Figures obtained from a special topic enquiry conducted via the General Household Survey in Q2 2009 by the Census and Statistics

Department.

Self-employed persons (“SEps”) under the MpF System Self-employed persons who are 18 years old or over but under 65 years of age are required to join an MPF scheme, with the

exception of certain exempt persons. The table below shows the process of calculating the number of self-employed persons under the MPF System.

(’000)

Total number of SEPs in Hong Kong (excluding those aged below 18 or above 65)1 334Less– number of SEPs who are licensed hawkers2

(excluding licensed hawkers aged below 18 or above 65)4

Number of SEps under the MpF System* 330

* Figures may not sum up to the total due to rounding.The figures were estimated on the basis of: 1 Statistics obtained from the General Household Survey by the Census and Statistics Department. SEPs under the MPF System include

both “self-employed persons” and “employers” as defined in the Quarterly Report on General Household Survey.2 Statistics obtained from the General Household Survey by the Census and Statistics Department.

3. ENROLMENT IN MpF SCHEMES*

* Estimated Figures

Part A — MPF Scheme Members (cont‘d)

100%

80%

60%

40%

20%

0%

3/2000 3/2001 3/2002 3/2003 3/2004 3/2005 3/2006 3/2007 3/2008 3/20123/20113/20103/2009

Enrolment Rate

Employer

Relevant Employee

SEP


4. NUMBER OF pARTICIpATING MEMBERS AND ENROLMENT RATES*

As at

Employer Relevant Employee SEp Number of preserved Accounts

(’000)

participating Employers1

(’000)

Enrolment Rate(%)

participating Members1

(’000)

Enrolment Rate(%)

participating Members1

(’000)

Enrolment Rate(%)

31.03.2011 246 100 2 272 98 241 77 3 66230.06.2011 249 98 2 300 99 241 77 3 76830.09.2011 252 99 2 330 100 240 74 3 85531.12.2011 252 98 2 341 99 229 70 3 95331.03.2012 254 98 2 347 99 229 69 4 035

* Estimated Figures1 As the MPF System is an employment-based system, some employers and members may be participating in more than one scheme.

Adjustments have been made for employers and members who are participating in more than one scheme in the same capacity.

5A. CONTRIBUTIONS RECEIVED AND BENEFITS pAID – MpF SCHEMES (1.4.2011-31.3.2012)

(HK$ million)

Quarter

Contributions Received Benefits paid

Mandatory VoluntarySpecial

Voluntary1 Total2 Mandatory VoluntarySpecial

Voluntary1 Total2

Q2 2011 8,458 1,481 293 10,232 1,593 646 205 2,444Q3 2011 8,592 1,472 318 10,382 1,542 550 226 2,317Q4 2011 8,841 1,532 425 10,798 1,253 435 310 1,998Q1 2012 9,367 1,708 469 11,544 1,544 614 436 2,594

Total2 35,257 6,193 1,505 42,955 5,932 2,245 1,176 9,353

5B. pERCENTAGE SHARE OF CONTRIBUTIONS RECEIVED BY CONTRIBUTION TYpE (1.4.2011-31.3.2012)

5C. pERCENTAGE SHARE OF BENEFITS pAID BY CONTRIBUTION TYpE (1.4.2011-31.3.2012)

1 “Special Voluntary Contributions” refers to voluntary contributions paid directly by a relevant employee to the trustee. Unlike general voluntary contributions, these contributions are non-employment related, i.e. contributions do not go through his/her employer, and withdrawal of accrued benefits is neither tied to employment nor subject to preservation requirements.

2 Figures may not sum up to the total due to rounding.

82% Mandatory Contribution

14% voluntary Contribution

4% Special voluntary Contribution1

63% Mandatory Contribution

24% voluntary Contribution

13% Special voluntary Contribution1


STATISTICS

Part B — MPF Products

1A. NET ASSET VALUES OF AppROVED CONSTITUENT FUNDS BY SCHEME TYpE

(HK$ million)

As at

Type of MpF Schemes

Master Trust Schemes Industry Schemes

Employer Sponsored Schemes Total1

31.03.2011 368,449 7,032 2,799 378,280

30.06.2011 374,382 7,230 2,863 384,475

30.09.2011 327,500 6,778 2,628 336,906

31.12.2011 346,234 7,081 2,720 356,035

31.03.2012 380,168 7,613 2,963 390,744

1 Figures may not sum up to the total due to rounding.

1B. pERCENTAGE SHARE OF NET ASSET VALUES AND NUMBER OF AppROVED CONSTITUENT FUNDS BY SCHEME TYpE

(as at 31.3.2012)

Number of Schemes

2A. NET ASSET VALUES1 OF AppROVED CONSTITUENT FUNDS BY FUND TYpE(HK$ million)

As at

Type of Approved Constituent Funds

Mixed Assets Fund Equity Fund

MpF Conservative

Fund Guaranteed

Fund Bond Fund

Money Market Fund and

Others2 Total3

31.03.2011 163,171 132,666 41,286 33,777 6,047 1,333 378,280

30.06.2011 163,486 138,156 41,157 34,032 6,325 1,318 384,475

30.09.2011 141,496 110,310 42,426 34,223 7,111 1,339 336,906

31.12.2011 148,170 119,769 43,902 35,217 7,612 1,365 356,035

31.03.2012 163,029 135,429 45,733 36,771 8,382 1,401 390,744

1 As reported by trustees, the figures include assets transferred from ORSO schemes.2 Includes Money Market Funds that are not MPF Conservative Funds and Uncategorized Funds as per the Performance Presentation

Standards for MPF Investment Funds.3 Figures may not sum up to the total due to rounding.

97% Master Trust Schemes 37

2% Industry Schemes 2

1% Employer Sponsored Schemes 1


Number of Funds

2B. pERCENTAGE SHARE OF NET ASSET VALUES AND NUMBER OF AppROVED CONSTITUENT FUNDS BY FUND TYpE

(as at 31.3.2012)

1 Includes Money Market Funds that are not MPF Conservative Funds and Uncategorized Funds as per the Performance Presentation

Standards for MPF Investment Funds.

3. ASSET ALLOCATION OF AppROVED CONSTITUENT FUNDS BY FUND TYpE AND ASSET CLASS

(as at 31.3.2012)

1 Includes Money Market Funds that are not MPF Conservative Funds and Uncategorized Funds as per the Performance Presentation Standards for MPF Investment Funds.

2 Includes convertible debt securities.

42% Mixed Assets Fund 175

35% Equity Fund 160

12% MPF Conservative Fund 40

9% Guaranteed Fund 28

2% Bond Fund 38

<0.5% Money Market Fund and Others1 4

0% 20% 40% 60% 80% 100%

Mixed Assets Fund

Equity Fund

MPF Conservative Fund

Guaranteed Fund

Bond Fund

Money Market Fund and Others1

Overall

Deposits & Cash Debt Securities2 Equities

6% 23% 71%

97%3%

86%

10%16%

8% 92%

61% 39%

64%20%16%

74%

14%


STATISTICS

4. ASSET ALLOCATION OF AppROVED CONSTITUENT FUNDS BY FUND TYpE AND GEOGRApHICAL REGION1

(as at 31.3.2012)

1 For deposits, cash and debt securities, “Geographical Region” reflects the currency of denomination of the respective accounts and debt securities. For equities, “Geographical Region” reflects the country of primary listing of the equities.


3 Excludes Japan and Hong Kong but includes Australia, New Zealand and India.

5. ASSET ALLOCATION OF AppROVED CONSTITUENT FUNDS BY GEOGRApHICAL REGION1 AND ASSET CLASS

(as at 31.3.2012)

Deposits & Cash Debt Securities2 Equities Overall

Hong Kong 15% 10% 35% 60%

Japan § 2% 4% 6%

Asia3 § 1% 9% 10%

north America 1% 4% 8% 13%

Europe § 3% 8% 11%

Overall 16% 20% 64% 100%

1 For deposits, cash and debt securities, “Geographical Region” reflects the currency of denomination of the respective accounts and debt securities. For equities, “Geographical Region” reflects the country of primary listing of the equities.

2 Includes convertible debt securities.3 Excludes Japan and Hong Kong but includes Australia, New Zealand and India.§ Less than 0.5%.

Part B — MPF Products (cont‘d)

0% 20% 40% 60% 80% 100%

Mixed Assets Fund

Equity Fund

MPF Conservative Fund

Guaranteed Fund

Bond Fund

Money Market Fund and Others2

Overall

Hong Kong Japan Asia3 north America Europe

33% 12% 24% 20%11%

70% 9%15%1% 5%

100%

10% 1%87%

51% 9% 16%7% 17%

99% 1%

13% 11%6% 10%60%

1%1%


6. ANNUALIZED INTERNAL RATE OF RETURN1 OF THE MpF SYSTEM BY pERIOD

(HK$ million)

Net Asset Values Total Net Contributions

during the period

(c)

2

Net Investment

Return3 during the period

(b) – (a) – (c)

Annualized Internal Rate

of Return3period

period-Beginning

(a)

period-End (b)

1.12.2000 – 31.3.2002 - 42,125 43,878 - 1,753 -4.9%

1.4.2002 – 31.3.2003 42,125 59,305 23,016 - 5,837 -10.7%

1.4.2003 – 31.3.2004 59,305 97,041 22,133 15,604 22.0%

1.4.2004 – 31.3.2005 97,041 124,316 22,205 5,070 4.7%

1.4.2005 – 31.3.2006 124,316 164,613 23,435 16,862 12.3%

1.4.2006 – 31.3.2007 164,613 211,199 24,684 21,901 12.4%

1.4.2007 – 31.3.2008 211,199 248,247 26,844 10,205 4.5%

1.4.2008 – 31.3.2009 248,247 217,741 38,5034 - 69,010 -25.9%

1.4.2009 – 31.3.2010 217,741 317,310 29,4844 70,086 30.1%

1.4.2010 – 31.3.2011 317,310 378,280 31,8644 29,106 8.7%

1.4.2011 – 31.3.2012 378,280 390,744 34,687 -22,224 -5.6%

Since inception of the MpF System

1.12.2000 – 31.3.2012 - 390,744 320,7344 70,010 3.6%

1 The return of the MPF System was calculated by way of the internal rate of return (“IRR”), a method commonly known as dollar-weighted return. The IRR method, which takes into account the amount and timing of contributions into and benefits withdrawn from the MPF System, was used as it better reflects the features of cash inflow and outflow of the MPF System. The annualized IRR was calculated by raising the monthly IRR to the power of 12.

2 “Total Net Contributions during the Period” refers to the net contribution inflow after deducting the amount of benefits paid during the period.

3 Return figures are net of fees and charges. Figures may not sum up to the total due to rounding.4 Includes the Government’s injection of special contributions into accounts of eligible scheme members.

7. ANNUALIZED RETURN1 OF AppROVED CONSTITUENT FUNDS BY FUND TYpE AND pERIOD

(as at 31.3.2012)

Type of Approved Constituent Funds past 1 year past 3 years past 5 yearsSince

1.12.2000

Mixed Assets Fund -4.6% 12.7% 0.8% 4.0%

Equity Fund -11.0% 16.6% 0.8% 4.1%

MPF Conservative Fund 0.1% 0.0% 0.7% 1.1%

Guaranteed Fund 0.4% 2.8% 1.2% 1.5%

Bond Fund 3.5% 4.9% 4.3% 3.8%

Money Market Fund and Others2 -0.2% -0.2% 0.1% 0.7%

Change of the Consumer price Index (“CpI”) for the same periods

Annualized Composite CPI % Change3 4.9% 3.8% 3.3% 1.2%

1 Return figures are net of fees and charges. Returns of different types of constituent funds were calculated by way of time-weighted method. This time-weighted method takes into account the unit price and asset size of each constituent fund at different points in time. Unlike the IRR method, it does not capture the impact of the contributions into and benefits withdrawn from the constituent funds. The annualized return was calculated by raising the average monthly return to the power of 12.


3 Calculated on the basis of the 2009/10-based Composite CPI compiled by the Census and Statistics Department.


STATISTICS

8. AVERAGE, HIGHEST AND LOWEST FUND EXpENSE RATIOS (“FER”) OF ALL CONSTITUENT FUNDS1

Fund TypeNumber of

Funds Average FER Highest FER Lowest FER

Mixed Assets Fund 213 1.94% 4.62% 0.18%

Bond Fund 42 1.61% 2.85% 0.25%

Equity Fund 184 1.83% 2.89% 0.21%

Guaranteed Fund 32 2.25% 3.79% 1.33%

Money Market Fund – MPF Conservative Fund 47 0.43% 0.77% 0.09%

Money Market Fund – non MPF Conservative Fund 1 1.09% 1.09% 1.09%

Others 6 1.54% 1.59% 1.35%

Overall 5252 1.74% 4.62% 0.09%

1 The FER figures in the table are related to individual constituent funds of MPF registered schemes with financial year end dates falling within the period from 1 July 2010 to 30 June 2011.

2 A constituent fund may comprise different fund classes. For the purpose of calculating the FER, each fund class of a constituent fund is in effect treated as a separate investment fund. As a result, the total number of funds shown here may be larger than the actual number of constituent funds.

9. pUBLISHED pRESCRIBED SAVINGS RATES1 (1.12.2000 – 31.3.2012)

Part B — MPF Products (cont‘d)

5.0%

4.0%

3.0%

2.0%

1.0%

0.0%

12/2000 12/2001 12/2002 12/2003 12/2004 12/2005 12/2006 12/2007 12/2008 12/201112/201012/2009

1 The prescribed savings rates are prescribed by MPFA pursuant to section 37(8) of the Mandatory Provident

Fund Schemes (General) Regulation for the operation of MPF Conservative Funds.

4.75%

3.75%

2.75%

1.9167%

1.0833%

0.2083%0.01% 0.125%

1.1667%

1.75%

2.6667% 2.5%

2.1667%1.9167%

1.1667%

0.25%

0.01% 0.007% 0.007% 0.007%


STATISTICS

Part C — Intermediaries

1. NUMBER OF REGISTERED MpF INTERMEDIARIES (as at 31.3.2012)

Number of registered MpF intermediaries 30 071Corporate intermediaries 486Individual intermediaries 29 585– Permitted to advise on insurance policies 21 048– Permitted to advise on securities 5 368– Permitted to advise on both securities and insurance policies 2 240– Permitted to sell MPF schemes without rendering specific investment advice 929

2. NUMBER OF MpF CORpORATE INTERMEDIARIES – BY INDUSTRY (TWO YEAR COMpARISON)

3. NUMBER OF MpF INDIVIDUAL INTERMEDIARIES – BY INDUSTRY (TWO YEAR COMpARISON)

0

5 000

10 000

15 000

20 000

25 000

30 000

As at 31.3.2011 As at 31.3.2012

413 (1%)

7 096 (24%)

22 076 (75%)

Total 29 585

427 (2%)

8 072 (28%)

20 415 (70%)

Total 28 914

0

100

200

300

400

500

As at 31.3.2011 As at 31.3.2012

20 (4%)

50 (10%)

416 (86%)

22 (4%)

51 (11%)

404 (85%)

Banking

Securities

Securities

Banking

Insurance

Insurance

Total 486Total 477


STATISTICS

Part D — ORSO Schemes

ORSO SCHEMES1. Number of ORSO Schemes – by Benefit Type (two year comparison)

2. Number of ORSO Schemes – by Benefit Type (as at 31.3.2012)

Benefit Type

Defined Contribution Defined Benefit TotalScheme Type Number of Schemes % Number of Schemes % Number of Schemes %

Registered Scheme

- MPF exempted 3 556 75 227 38 3 783 71

- non-MPF exempted 651 14 25 4 676 13

4 207 89 252 42 4 459 84

Exempted Scheme

- MPF exempted 157 3 122 21 279 5

- non-MPF exempted 376 8 219 37 595 11

533 11 341 58 874 16

Total 4 740 100 593 100 5 333 100

0

1 000

2 000

3 000

4 000

5 000

6 000

2011 2012

4 740 (89%)

593 (11%)

Total 5 333

4 954 (88%)

667 (12%)

Total 5 621

Defined Contribution Defined Benefit


MpF EXEMpTED ORSO SCHEMES3. Number of MpF Exempted ORSO Schemes (as at 31.3.2012)

ORSO Registered Schemes

ORSO Exempted Schemes Total

(a) number of MPF Exempted ORSO Schemes approved as at 31 March 2011

3 907 296 4 203

(b) number of new applications approved during the period from 1 April 2011 to 31 March 20121

2 0 2

(c) number of withdrawals of MPF Exemption Certificates during the period from 1 April 2011 to 31 March 2012

126 17 143

(d) Number of MpF Exempted ORSO Schemes as at 31 March 2012 [i.e. (d) = (a) + (b) – (c)]

3 783 279 4 062

1 This refers to the application for MPF exemption in respect of newly established ORSO registered schemes whereby all or a substantial portion of the members and assets of the schemes were transferred from one or more MPF exempted ORSO schemes as a result of scheme restructuring or bona fide business transactions.

ORSO REGISTERED SCHEMES4. Number of Members Covered by ORSO Registered Schemes – by Benefit Type

(two year comparison)

* Figures may not sum up to the total due to rounding.

5. Number of Members Covered by ORSO Registered Schemes – by Benefit Type (as at 31.3.2012)

Benefit Type

Defined Contribution Defined Benefit Total*Scheme Type (’000) % (’000) % (’000) %

MPF exempted 234 64 133 36 367 100

non-MPF exempted 38 84 7 16 44 100

Total* 272 66 140 34 411 100

* Figures may not sum up to the total due to rounding.

0

100

200

300

400

500

2011* 2012*

272 000 (66%)

140 000 (34%)

282 000 (67%)

139 000 (33%)

(‘000)Total 422 000 Total 411 000

Defined Contribution Defined Benefit


CONTRIBUTION AMOUNT6. Annual Contribution Amount to ORSO Registered Schemes – by Employers and

Employees(HK$ million)

MpF Exempted Non-MpF Exempted Total

Employer’s Contributions

- Ordinary 12,069 (76%) 533 (71%) 12,602 (76%)

- Initial/Special 524 (3%) 13 (2%) 537 (3%)

Sub-total 12,593 (79%) 546 (73%) 13,139 (79%)

Employee’s Contributions 3,334 (21%) 204 (27%) 3,538 (21%)

Total Contributions 15,927 (100%) 750 (100%) 16,677 (100%)

Source: The latest annual returns in respect of 4 086 ORSO registered schemes

7. Annual Contribution Amount to ORSO Registered Schemes – by Benefit Type

STATISTICS


8. Asset Size of ORSO Registered Schemes – by Benefit Type (as at 31.3.2012)


Part D — ORSO Schemes (cont‘d)

(HK$ million)

Non-MpF Exempted (HK$750 million)

0.3% Defined Benefit 47

4.2% Defined Contribution 703

MpF Exempted (HK$15,927 million)

33.4% Defined Benefit 5,568

62.1% Defined Contribution 10,359

(HK$ million)

Non-MpF Exempted (HK$11,608 million)

1% Defined Benefit 2,649


MpF Exempted (HK$252,950 million)

39.7% Defined Benefit 105,177


Contribution Amount : HK$16,677 million

Asset Size : HK$264,558 million


STATISTICS

Part E — Enquiries and Complaints

1. ENQUIRIES RECEIVED BY ENQUIRER TYpE (1.4.2011 – 31.3.2012)

Enquirer Type Number of Enquiries %

Employee 48 333 40%

Employer 45 517 38%

Self-employed Person 1 652 2%

Service Provider 2 792 2%

Others / unknown 21 916 18%

Total 120 210 100%

2. NATURE OF ENQUIRIES (1.4.2011 – 31.3.2012)

20% Transfer/Withdrawal of Benefits

20% Contribution Arrangement

15% Enrolment Arrangement

13% Services Provided by MPFA

7% Surcharge notices

5% Default Contributions

4% Trustee and Investment

2% ORSO

2% SEP: Enrolment and Contributions

1% Enforcement

11% Others

Total number of enquiry nature: 154 386#

# Since an enquiry may cover more than one enquiry nature, total number of enquiry nature may exceed the total number of enquiries.


STATISTICS

24% Catering

21% Construction

14% Wholesale/Retail/Import & Export Trades

8% Financing/Insurance/Real Estate/Business Services

7% Community/Social/Personal Services

6% Transport

6% MPF Trustees, Service Providers & Intermediaries/ORSO Administrators

4% Security Guard

3% Manufacturing

2% Cleaning

2% Hairdressing and Beauty

3% Others

3. COMpLAINTS RECEIVED BY INDUSTRY OF COMpLAINEE (1.4.2011 – 31.3.2012)

Industry of Complainee Number of Complaints %

Catering 1 060 24%

Construction 938 21%

Wholesale/Retail/Import & Export Trades 614 14%

Financing/Insurance/Real Estate/Business Services 363 8%

Community/Social/Personal Services 318 7%

Transport 283 6%

MPF Trustees, Service Providers & Intermediaries/ORSO Administrators 282 6%

Security Guard 161 4%

Manufacturing 148 3%

Cleaning 108 2%

Hairdressing and Beauty 99 2%

Others 120 3%

Total number of complaints received 4 494 100%

Part E — Enquiries and Complaints (cont‘d)


4. COMpLAINTS RECEIVED BY COMpLAINEE TYpE (1.4.2011 – 31.3.2012)

Complainee Number of Complaints

Employers (MPF and ORSO) 4 161

MPF Trustees & Service Providers 258

MPF Intermediaries 14

ORSO Administrators 10

Others 51

Total number of complaints received 4 494

5. NATURE OF COMpLAINTS (1.4.2011 – 31.3.2012)

Type of Allegations Number of Allegations

Employers (MPF and ORSO) 6 337

– Default Contribution 3 670

– non-enrolment 1 692

– Others 975

MPF Trustees & Service Providers 347

– Scheme Administration 312

– Others 35

MPF Intermediaries 16

– Servicing and Conduct Issues 10

– Others 6

ORSO Administrators 21

– Scheme Administration 17

– Others 4

Others 43

Total number of allegations 6 764#

# Since a complaint may cover more than one allegation, total number of allegations may exceed the total number of complaints.


STATISTICS

Part F — Enforcement

1. NUMBER OF pAYMENT NOTICES ISSUED IN RESpECT OF DEFAULT CONTRIBUTION

(1.4.2011 – 31.3.2012)

Month Number of payment Notices Issued

April 2011 19 000

May 2011 17 000

June 2011 18 700

July 2011 29 100

August 2011 21 200

September 2011 19 700

October 2011 19 200

november 2011 20 500

December 2011 18 900

January 2012 17 800

February 2012 20 400

March 2012 21 000

Total 242 500

2. NUMBER OF CASES INVESTIGATED (INCLUDING COMpLAINT CASES AND CASES REpORTED BY TRUSTEES) BY TYpE OF ALLEGED OFFENCES

(1.4.2011 – 31.3.2012)

Alleged Offences Number

Default contribution 44 655

non-enrolment 1 692

Forced change to SEP 53

Others# 855

Total* 45 153

# Others include failure to notify trustees of termination of employment, evading MPF contributions by setting aside and labelling part of the employee’s salary as housing allowance, failure to issue monthly pay record, etc.

* As one case may be related to several types of alleged offences, figures may not sum up to the total.


3. NUMBER OF SUMMONS AppLICATIONS REFERRED TO THE pOLICE – BY NATURE OF OFFENCES COMMITTED AND RESULTS

(1.4.2011 – 31.3.2012)

Nature of Offences

prosecution Status as at 31.3.2012 Total Number of

Summonses AppliedGuilty Acquitted

Not yet available Withdrawn*

Contributions in arrears 973 28 300 112 1 413

non-enrolment of employee 64 1 23 7 95

False statement 32 0 24 1 57

Failing to comply with a lawful requirement made by the Authority in the course of exercising or performing its functions

1 0 0 0 1

Failure to comply with court order 0 0 1 0 1

Total 1 070 29 348 120 1 567

* Summonses could not be effectively served by Police or Bailiff, as the defendants had moved away, closed, become untraceable, wound up or become bankrupt.

4. NUMBER OF AppLICATIONS LODGED WITH SMALL CLAIMS TRIBUNAL, DISTRICT COURT, HIGH COURT, BAILIFF AND LIQUIDATOR

(1.4.2011 – 31.3.2012)

Number of Cases Related Number of Employees

Lodged with the Small Claims Tribunal 380 1 313

Lodged with the District Court 69 2 066

Lodged with the High Court 1 63

Lodged with Bailiff 182 1 148

Lodged with Liquidators 165 2 159

5. NUMBER OF GARNISHEE ORDERS AppLIED (1.4.2011 – 31.3.2012): 122

6. FINANCIAL pENALTY NOTICES ISSUED TO EMpLOYERS (1.4.2011 – 31.3.2012)

BreachNumber of Financial penalty

Notices IssuedAmount of

Financial penalty

Breach of section 7A(8) of the MPFSO (Failure to pay MPF contributions in respect of an employee to the approved trustee within the prescribed period)

60 HK$465,000

Documents

1. EMpLOYED pOpULATION BY TYpE OF RETIREMENT SCHEMES · 5A. CONTRIBUTIONS RECEIVED AND BENEFITS pAID – MpF SCHEMES (1.4.2011-31.3.2012) (HK$ million) Quarter Contributions Received