Hong Kong’s Platform for $166 Billion Pension Faces Glitches

Some Hong Kong pensioners migrating to a new electronic system for retirement savings have experienced glitches, raising concerns over the platform’s reliability as it enters a key phase of adding more users.

The eMPF platform, built by a unit of Hong Kong tycoon Richard Li’s PCCW Ltd. and assisted in operations by Singapore-based subcontractor iFast Corp., showed tech issues including log-in difficulty, according to people familiar with the project, who requested not to be named.