Hong Kong’s two largest pension funds for teachers and staff of public schools posted record investment returns in their last financial year, driven by their holdings in technology giants including Apple Inc. and Tencent Holdings.
The Subsidised Schools Provident Fund (SSPF) reported a return of 13.98% on HK$12.2 billion (US$1.56 billion) of investment income in the year to August 2025, up from HK$8.03 billion in the prior financial year.
The Grant School Provident Fund (GSPF) posted a return of 13.27% as its investment income jumped to HK$447.2 million from HK$336.6 million.
The Education Bureau released the figures in separate statements on February 4.
Both funds had allocated more than half their assets to Hong Kong and foreign equities. Their top ten holdings include Apple, Microsoft Corporation, Tencent and HSBC Holdings plc.
The SSPF’s net assets rose 9.6% to HK$100.74 billion in the 12 months to August 2025, and the GSPF’s assets rose 8.7% to HK$3.87 billion.
