Fund Information
                                                               
                                                               

                                                              Self-employed Persons


                                                              Eligibility

                                                              Self-employed Persons (SEP)

                                                              An applicant should apply in an individual capacity as a self-employed person and must fulfil all of the following criteria:

                                                              1. Must have successfully created an MPF “Self-employed person” account (“MPF SEP account”) on or before 31 December 2021, and has not terminated the account at the time of application; and
                                                              2. If an eligible self-employed person has more than one "MPF SEP account", only one application can be submitted

                                                               


                                                              Means of Application and Information Required

                                                              (Please click here to read the list of information required for application for self-employed persons.)

                                                               

                                                              Subsidy for Self-employed Persons

                                                              Eligible SEPs will be granted a one-off subsidy of $8,000.

                                                               

                                                              When will applicants receive the subsidies?

                                                              Eligible SEPs who have provided accurate and complete information shall be able to receive the subsidies within the four-week period after submission of application.

                                                               

                                                              Frequently Asked Questions by Self-employed Persons of 2022 ESS
                                                              https://www.ess.gov.hk/en/faq.html#section_sep?

                                                               

                                                               

                                                              Employer (MPF Scheme)


                                                              Eligibility

                                                              Employer (MPF Scheme)

                                                              An applicant should apply in the capacity of a company/ corporation/ organisation/ natural person and must fulfil all of the following criteria:

                                                              1. Is not an employer listed in Part I of the Exclusion List(see list)
                                                              2. Must have participated in MPF Schemes on or before 31 December 2021;
                                                              3. Has not been involved in winding up, deregistration or striking off process or has not become dormant; and
                                                              4. Has fully settled all clawback/penalty of 2020 Employment Support Scheme (if any) on or before 10 May 2022.

                                                               

                                                              Wage Subsidy and Calculation Method

                                                              The government-appointed agent will base on the following four conditions and calculation methods to calculate the wage subsidy:

                                                              1. Reference month (for details, please click here)
                                                              2. Subsidised quota cap and maximum subsidy amount (for details, please click here)
                                                              3. Sector-specific cap (for details, please click here)
                                                              4. Chosen subsidised headcount (for details, please click here)

                                                               

                                                              Means of Application and Information Required
                                                              (Please click here to read the list of information required for application for employers)

                                                              To facilitate the application, eligible employers of the 2022 ESS should have the following items ready:

                                                              1. "BCT Employer Website" password
                                                              2. If the employers need to retrieve the password, please complete the PIN Re-generation Request Form (For Participating Employer) and fax it to 2992 0507 or send it to our office at 18/F, Cosco Tower, 183 Queen's Road Central, Hong Kong.
                                                              3. 2020 ESS Application Number and password (if applicable)
                                                              4. Please click here for retrieving relevant application number.

                                                               

                                                              Warm reminder from BCT: employer applicants need to pay attention to the following
                                                              1. Preparation before application:
                                                                - Company supporting documents (e.g. Business Registration Certificate), please refer to the list of information required for application for employers
                                                                - MPF Schemes Information (Applicable to applicants whose application for 2020 ESS had not been approved/not having applied for 2020 ESS)
                                                                1. Names of MPF trustees
                                                                2. Names of MPF schemes
                                                                3. MPF scheme registration/participation numbers
                                                                4. Documents clearly showing above three mentioned items
                                                                - Respective subsidy headcount and salary figures according to the number of employees in May, June and July 2022
                                                              2. As 2020 ESS did not include casual employees of industry schemes (including those whose wages are paid on a daily basis), employer applicants of industry schemes can use the MPF scheme records in 2021 Q4 as reference month.
                                                              3. Subsidy to be received each month will be calculated based on the respective chosen subsidised headcount in May, June and July 2022, not the respective subsidised quota in the reference month. The chosen subsidised headcount should not exceed the subsidised quota cap in the reference month.
                                                              4. MPF contribution records for 2021 Q4 must be completed on or before 28 February 2022. Contributions for 2021 Q4 that were made on or after 1 March 2022 will not be taken into account in the calculation.
                                                              5. For an employer who had submitted a 2020 ESS application, if his/her company has undergone restructuring, spin-off or other changes during the period between the 2020 ESS and 2022 ESS which have affected the quantity, number and name of the MPF schemes/Certificate of Incorporation/Business Registration Certificate, he/she should approach the government-appointed agent early by sending an email to This email address is being protected from spambots. You need JavaScript enabled to view it. via the registered email address under the 2020 ESS to explain the employer’s situation. The employer should set out the name, the employer’s MPF Registration/Participation Number before and after re-structuring or spin-off of the organisation in the email with the relevant supporting documents. The government-appointed agent will advise the employer what to do after reviewing relevant information.
                                                              6. If an employer whose application had been approved in the 2020 ESS has switched to another MPF trustee, changed MPF scheme, or increased/decreased the number of accounts in the past year, relevant employers should declare ALL MPF schemes that are in force. They can submit relevant information when completing the online application form.
                                                               
                                                               

                                                              Subsidy Disbursement Arrangements

                                                              The government-appointed agent will notify applicants of their application results via SMS and email. If approved, the subsidy will be credited to the applicant's bank account listed in the application form.

                                                              The employers' wage subsidies will be paid in four tranches:

                                                              1st tranche 100% of subsidies of May 2022
                                                              2nd tranche 100% of subsidies of June 2022
                                                              3rd tranche 70% of subsidies of July 2022
                                                              4th tranche 30% of subsidies of July 2022 after deducting subsidies to be returned to the Government and penalties to be paid (if any)

                                                               

                                                               

                                                              Warm reminder from BCT: employers need to pay attention to the following in order to obtain the subsidy amount
                                                              1. If applicants hire new employees during the subsidy period, they are required to open MPF employee accounts for the relevant employees in that month, provide wage for May, June and July 2022 information to MPF trustees and make contributions on or before the MPF contribution day as announced by the MPF Schemes Authority to prove that wages have been paid to the relevant employees for the month.
                                                              2. If applicants have hired employees aged 65 or above or casual employees (including those whose wages are paid on a daily basis), they are also required to report on or before the MPF contribution day the monthly wage of employees aged 65 or above and casual employees, and to make MPF contributions for the casual employees.
                                                              3. If the applicant's MPF contribution period is not a complete calendar month, or if the employer is making contributions more/ less than once every month, please click here for the Illustrative Example on Calculating Monthly Wage.

                                                               

                                                              Employers' Undertaking and Penalty

                                                              Applicants shall undertake to employ sufficient number of employees in fulfilling the criteria in each subsidy month, and reflect the respective employment situation in the records of the MPF Schemes. (for details, please click here)

                                                              If applicants could not fully fulfil the above undertaking in any month within the subsidy period, apart from returning the relevant subsidy amount, they are also required to pay a penalty equivalent to 10% of the subsidy amount to be returned.

                                                               

                                                              Warm reminder from BCT: employers need to be aware of the following to avoid penalty
                                                              There are different definitions of monthly wages for "Half subsidy" and "Elderly subsidy" by the government. Details are as follows:
                                                                At the time of application when the subsidy is distributed
                                                              "Half subsidy quota" "Elderly subsidy quota" "Half subsidy headcount" "Elderly subsidy headcount"
                                                              Definitions of monthly wages Employees with a monthly wage of at least $3,000 but less than $8,000 Employees aged 65 or above with a monthly wage less than $3,000 Employees with a monthly wage of $4,000 or above Employees aged 65 or above with a monthly wage of $4,000 or above

                                                               

                                                              Applicants should note that if they declare as "Half subsidy quota" and "Elderly subsidy quota" at the time of application, but the wages of employees in May, June and July 2022 are less than $4,000, they will be defined as could not fully fulfil the conditions of "Half subsidy headcount" and "Elderly subsidy headcount. Apart from returning the relevant subsidy amount, they are also required to pay a penalty equivalent to 10% of the subsidy amount to be returned.

                                                               

                                                              Frequently Asked Questions by Employers of 2022 ESS
                                                              https://www.ess.gov.hk/en/faq.html#section_er

                                                              Employer (ORSO Scheme)

                                                              For details, please enquire with the relevant account manager.

                                                              About 2022 Employment Support Scheme

                                                              Overview

                                                              The Hong Kong Special Administrative Region Government has launched the 2022 Employment Support Scheme ("the Scheme") under the Anti-epidemic Fund to provide wage subsidies to employees for three months (i.e. May, June and July 2022) to retain their current employees or even employ more staff when the business revives as soon as the epidemic situation permits. Eligible self-employed persons can also apply for a one-off subsidy.

                                                              The application period of the Scheme is from 29 April 2022 at 8:00 am to 12 May 2022 at 11:59 pm.

                                                               

                                                              Enquiry:
                                                              2022 Employment Support Scheme Website: www.ess.gov.hk
                                                              Telephone hotline (including booking for Service Centres): 1836-122
                                                              Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
                                                              Applicants who have submitted the application may click on the link and log into the system to check the application status.

                                                              Service Centres:
                                                              If applicants would like to seek help from dedicated staff, they may schedule an appointment through the hotline (1836-122) and visit the following service centres. Service hours during the application period (29 April to 12 May 2022): 9 a.m. to 6 p.m.

                                                              • Room 1501, AT Tower, 180 Electric Road, North Point
                                                              • Suite 1004, Kwun Tong View, 410 Kwun Tong Road, Kwun Tong
                                                              • Suite 601-2, 9 Wing Hong Street, Cheung Sha Wan
                                                              • Suite 2310, Metropole Square, 2 On Yiu Street, Shek Mun, Shatin
                                                              • Units 3301-3303, 33/F The Octagon, 6 Sha Tsui Rd, Tsuen Wan
                                                              Allianz Global Investors Asia Pacific Limited
                                                              Allianz Global Investors Asia Pacific Limited

                                                              Allianz Global Investors Asia Pacific Limited ("Allianz Global Investors") is one of the world's leading active asset managers, operating across 23 locations worldwide, and with specialized in-house research teams around the globe. It has more than EUR673 billion in AUM for individuals, families and institutions worldwide and employ more than 700 investment professionals. (As at 31 Dec 2021)

                                                              Our mission is simple: through tailored solutions and a flexible and advisory approach, we seek to elevate our clients' experience of active asset management – as stated in our brand promise: "Value. Shared."

                                                              Source: Allianz Global Investors as at 31 Dec 2021.

                                                              Amundi Hong Kong Limited
                                                              Amundi Hong Kong Limited

                                                              Amundi, the leading European asset manager, ranking among the top 10 global players*, offers its 100 million clients - retail, institutional and corporate - a complete range of savings and investment solutions in active and passive management, in traditional or real assets.

                                                              With its six international investment hubs^, financial and extra-financial research capabilities and long-standing commitment to responsible investment, Amundi is a key player in the asset management landscape.

                                                              Amundi clients benefit from the expertise and advice of 4,800 employees in more than 35 countries. A subsidiary of the Crédit Agricole group and listed on the stock exchange, Amundi currently manages more than €2 trillion of assets#.

                                                              * Source: IPE "Top 500 Asset Managers" published in June 2021, based on assets under management as at 31/12/2020
                                                              ^ Boston, Dublin, London, Milan, Paris and Tokyo
                                                              # Amundi data as at 31/03/2022

                                                              FIL Investment Management (Hong Kong) Limited
                                                              FIL Investment Management (Hong Kong) Limited

                                                              Fidelity International offers investment solutions and services and retirement expertise to more than 2.8 million customers globally. As a privately held, purpose-driven company with a 50-year heritage, we think generationally and invest for the long term. Operating in more than 25 locations, our clients range from central banks, sovereign wealth funds, large corporates, financial institutions, insurers and wealth managers, to private individuals.

                                                              Our Workplace & Personal Financial Health business provides individuals, advisers and employers with access to world-class investment choices, third-party solutions, administration services and pension guidance. Together with our Investment Solutions & Services business, we invest $574.9 billion on behalf of our clients. By combining our asset management expertise with our solutions for workplace and personal investing, we work together to build better financial futures.

                                                              Source: Fidelity, as at 31 March 2022.

                                                              Invesco Hong Kong Limited
                                                              Invesco Hong Kong Limited

                                                              Invesco Hong Kong Limited ("Invesco") is a global independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. With more than 8,000 employees worldwide, we manage US$ 1.6 trillion of assets globally with an on-the-ground presence in more than 20 markets. (as of 31 December 31, 2021). Invesco was established in 1935. The firm is currently listed on the New York Stock Exchange under the symbol IVZ.

                                                              Invesco has been serving Hong Kong employers with their retirement needs since 1977. We have proven expertise in managing retirement assets for pensions schemes and understand the different needs of individuals when they invest for retirement. As an Invesco pension scheme member, you have access to a wide range of investment choices that align with your individual goals.

                                                              In Asia Pacific since 1962, Invesco is one of the most experienced investment firms in the region. Combining our regional investing expertise, Invesco provides well-established and world-class services to cater for the needs of retirement solutions locally.

                                                              Source: Invesco as at 31 Dec 2021.

                                                              JPMorgan Funds (Asia) Limited
                                                              JPMorgan Funds (Asia) Limited

                                                              With about US$2.51 trillion in assets under management (the Asset Management client funds of J.P. Morgan Chase & Co. as at 31 March 2022) and offices in over 30 countries around the world, J.P. Morgan Asset Management offers global coverage with a strong local market presence, and leadership positions in most asset classes.

                                                              In Asia Pacific we have 8 offices, including Hong Kong as our regional headquarters, Australia, China, India, Japan, Korea, Singapore and Taiwan. With over 2,469 employees across the region, J.P. Morgan Asset Management is able to provide a constant link to these markets and to gather first-hand insights and perspectives.

                                                               

                                                              Source: J.P. Morgan Asset Management as at 31 March 2022.

                                                               

                                                              Schroder Investment Management (Hong Kong) Limited
                                                              Schroder Investment Management (Hong Kong) Limited

                                                              As a global investment manager, Schroder PLC ("Schroders") helps institutions, intermediaries and individuals across the planet meet their goals, fulfil their ambitions, and prepare for the future. We are responsible for £731.6 billion (€871.3 billion/US$990.9 billion) of assets for our clients who trust us to deliver sustainable returns. We remain determined to build future prosperity for them, and for all of society. Today, we have 5,729 people across six continents who focus on doing just this.

                                                              We are a global business that's managed locally. This allows us to always keep our clients' needs at the heart of everything we do.

                                                              Source: Schroders as at 31 Dec 2021.

                                                              CSOP Asset Management Limited
                                                              CSOP Asset Management Limited

                                                              CSOP Asset Management Limited ("CSOP") was established in Hong Kong in January 2008 as the first offshore subsidiary established by one of the largest Chinese asset management companies with parent company total AUM of US$ 266 billion as of 31 December 2022. As a dedicated homegrown ETF issuer and Greater China investment solutions provider, CSOP is committed to serving investors such as sovereign wealth funds, pensions, insurance, and endowments globally. As of 31 December 2022, the total AUM of CSOP is over US$ 12.6 billion, making it the second largest ETF Issuer by AUM in Hong Kong.

                                                              Source: CSOP as at 31 December 2022.

                                                              Franklin Templeton Investments (Asia) Limited
                                                              Franklin Templeton Investments (Asia) Limited

                                                              Franklin Templeton's mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions.

                                                              Through its specialist investment managers, the Company brings extensive capabilities in equity, fixed income, alternatives and custom multi-asset solutions.

                                                              With employees in over 30 countries, including 1,300 investment professionals, the California-based Company has more than 70 years of investment experience and approximately $1.58 trillion in assets under management as of December 31, 2021.

                                                              *Source: Franklin Templeton Investments as at 31 Dec 2021.

                                                              China Life Insurance (Overseas) Company Limited
                                                              China Life Insurance (Overseas) Company Limited

                                                              China Life Insurance (Overseas) Company Limited ("China Life (Overseas)") is a wholly-owned subsidiary of China Life Insurance (Group) Company, China's largest state-owned financial insurance corporation. The Hong Kong branch was established in 1984, with a footprint in Hong Kong for over 35 years. The business of China Life (Overseas) covers life insurance and provident fund service. We aim to provide quality products and services to customers, including life insurance, endowment and annuity, critical illness and medical insurance, children's education plans, group insurance, high-net-worth life insurance solution and pension funds (Occupational Retirement Scheme and Mandatory Provident Fund).

                                                              Source: China Life (Overseas) as at 28 April 2022

                                                              Taikang Asset Management (Hong Kong) Company Limited
                                                              Taikang Asset Management (Hong Kong) Company Limited

                                                              Taikang Asset Management (Hong Kong) Company Limited (referred as "Taikang Asset (Hong Kong)"), a wholly-owned subsidiary of Taikang Asset Management Company Limited (referred as "Taikang Asset"), was established in November 2007. As of December 31, 2021, the size of total assets under management (referred as "AUM") of Taikang Asset has exceeded USD 433.67 billion, as one of the largest asset management company in China. The size of pension AUM has exceeded USD 100 billion, making Taikang Asset one of the largest pension manager in China.

                                                              Taikang Asset has extensive investment experience across multiple sectors and a wide range of asset classes, including fixed income, equities, offshore assets, infrastructure and real estate, stocks, and other financial instruments. Taikang Asset offers its investment products and services for includinge insurance asset management, pension fund management, enterprise annuities, occupational annuities, alternative project investments, wealth management, asset management, pension products, QDII separate accounts, and mutual funds. Taikang Asset has developed a client service infrastructure on the basis of client centricity and has faithfully implemented the service list assurances. The Company is committed to improving clients' investment experience through closed-loop client relationship management.

                                                              Source: Taikang Asset (Hong Kong), as at 31 December 2021