Many account holders have said they were leaving Hong Kong for good, RTHK reports. MPFA executive director Cheng Yan-chee downplayed the notion that account holders were emigrating, saying many of them could be leaving Hong Kong for the mainland. "People just tell us they are going to leave Hong Kong permanently, so that's the only reason they need to give," Cheng said. He then said that applications to withdraw MPF funds are handled by the trustees and not the authority. The authority also noted that other reasons for MPF members to withdraw money early include early retirement and illness.

Source: The Standard June 11, 2020 09:56 UTC