4
Financial and Monetary Affairs
Chart 6
Annual Gross Premiums of Insurance Market
600
500
490*
HK$ Billion
400
T
452
300
374
339
300
200
100
2013
2014
2015
2016
2017
Year
*Provisional statistics
Mandatory Provident Fund
Mandatory Provident Fund (MPF) schemes had a net asset value (NAV) of $844 billion at the end of 2017 and an annualised rate of return of 4.8 per cent between December 2000, when the MPF System was launched, and December 2017.
Chart 7
1000
HK$ Billion
800
Total NAV of MPF Schemes
600
646
591
565
400
514
200
844
0
2013
2014
2015
2016
2017
Year
Commodity Trading
Hong Kong operates one of the most active physical gold markets in the world and is among Asia's largest over-the-counter (OTC) gold trading centres. Spot gold can be traded through two closely related yet independent markets: the Chinese Gold and Silver Exchange Society and the Loco London gold market. Prices track closely those in the major gold markets in London, Zurich and New York.
In addition to operating Hong Kong's securities and derivatives markets, the HKEX owns the London Metal Exchange (LME), the world centre for industrial metals trading and price-risk management. More than three-quarters of global non-ferrous business are conducted on the
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