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flag Hong Kong's eMPF system cut fees early, saving members $6.4B.

flag Hong Kong's electronic Mandatory Provident Fund (eMPF) system has achieved its goal of reducing fees five years ahead of schedule, resulting in an estimated US$6.4 billion in savings for over 2 million members. flag The early success stems from increased competition and regulatory reforms aimed at lowering administrative and management costs. flag The government credited the progress to streamlined processes and greater transparency in fund management.

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