Borrison/hk-legicost huggingface dataset:
根據強制性公積金計劃管理局6月份數字，總資產淨值已達到12,214億元。
According to the June statistics released by the Mandatory Provident Fund Schemes Authority MPFA the total MPF assets amounted to 1.2214 trillion
在規模效益下，加上"積金易"平台，其實無論在收費以至方便用戶方面，仍有改善的空間，我要求並希望局方繼續推動強積金改革，追上時代，特別是拉近與市民實質期望的距離。
Given the economies of scale and the eMPF Platform there is still room for improvement in terms of fees and user facilitation . I request and hope that the Bureau will continue to push forward MPF reform to keep abreast of the times and in particular narrow the gap with the actual expectation of the public
主席，為何市民對強積金印象差呢？
President why do people have a bad impression of MPF?
事實上，除了因為強積金推出時的回報低之外，我認為實在與積金局過去的工作守舊因循有一定關係。
As a matter of fact apart from the low returns at the introduction of MPF I think it has something to do with MPFAs old - fashioned and conventional way of work in the past
如何可以改善強積金的形象呢？
How to improve the image of MPF?
我認為積金局責無旁貸。
I think MPFA has an unshirkable responsibility
主席，我說的不是現在，其實劉主席也相當積極，他經常和我溝通，但總結過去積金局的工作，正如陳健波議員所說，沒有在解說強積金的道理方面下工夫。
President I am not talking about the present situation . In fact Chairman LAU is quite proactive and often communicates with me . However as mentioned by Mr CHAN Kin - por MPFA has not made any effort to explain the rationale of MPF in the past
其實強積金的道理十分簡單，便是"雪球效應"。
In fact the rationale of MPF that is the snowball effect is very simple
具體來說，就是透過每月供款，即所謂的"定投"，將效益不斷擴大。
Specifically it seeks to continuously expand the returns through monthly contribution ie . the so - called automatic investment plan
我簡單舉個例子，一名年輕人月入2萬元，加上僱主的供款，一年便有24,000元，以30年平均計算，合共供款只有72萬元，是不夠退休的。
Let me give a simple example . A young man with a monthly income of 20,000 can accumulate a total annual contribution of 24,000 including the employers contribution . After 30 years in average the total contribution amount will be 720,000 only which is not enough for retirement
如果不理解這個雪球效應或長期投資的基本理論，因害怕輸而選擇保守基金、債券基金，特別是現在量化寬鬆，大家也知道肯定會蝕的，連通脹也追不上，但我不見積金局有宣傳這些信息。
If he does not understand the snowball effect or the basic theory of long - term investment and thus chooses a conservative fund or a bond fund in fear of losses he will definitely lose and even fail to catch up with inflation especially under the quantitative easing policy now . Yet I have not seen MPFA promoting these messages
其實只要市民做一下功課，找到一個每年回報有5%的基金，30年後72萬元可以變成134萬元。
In fact if people do some research and find a fund with an annual return of 5 % 720,000 can turn into 1.34 million in 30 years
其實我經常跟陳健波議員溝通，亦曾回去認真做功課，發覺不少基金過去真的有這種回報，只不過市民不理解。
In fact I often communicate with Mr CHAN Kin - por and did some serious research . I found that many funds did yield this level of return in the past just that the public do not understand it
懂得或者掌握這些基本理財哲學的市民，我相信其強積金回報是OK的。
I believe that those who understand or master these basic financial philosophies can earn okay MPF returns
但是，正正因為這是全港的措施，很多"打工仔"十分害怕，亦受到最初強積金回報低或虧本的感覺所影響，所以經常揀選一些保守基金或債券基金，導致我認為是"貧者越貧，富者越富"的情況。
However as this is a territory - wide measure many wage - earners often choose conservative funds or bond funds because they are worried and influenced by the initial impression of MPF as having low returns or suffering losses . This has led to what I think a situation of the rich getting richer and the poor getting poorer
所以，如何讓市民掌握正確的理財觀念呢？
Under these circumstances how can the public grasp the correct financial management concept?
我希望除了引入"積金易"平台外，積金局在推動工作上確實要加把勁，不一定要由自己做，我明白叫市民買股票和基金其實是有風險的，大家也不想開口，擔心日後若有虧損時怎辦，但一些正確的理財觀念可以交由專業人士負責，積金局其實是有責任 進行這方面的工作，但不幸地我認為積金局過去在這方面的工作並不足夠。
In addition to the introduction of the eMPF Platform I hope that MPFA can make more efforts in promotion not necessarily by itself as I understand that it might be risky and difficult to advise on buying stocks and funds . No one wants to say anything worrying about what to do if people lose money for this in the future . Nevertheless the instillation of some correct financial management concepts can be left to the professionals
另一方面，雖然批評了積金局，但我也要讚賞它，過去有兩項措施我認為是好事，而且需要多加宣傳。
MPFA does have a responsibility to carry out such work which regrettably has been inadequate in my opinion . On the other hand after criticizing MPFA I also have to commend it . There are two measures that I consider desirable and merit more publicity
坦白說，無論怎樣做都總會有一批市民因為這是全民的措施沒有時間留意強積金，或認為比較複雜不想看，因為那麼多基金其實是不容易看的。
Frankly speaking as this is a universal measure there will always be people who do not have time to keep an eye on MPF or do not want to look at it due to its complexity and the fact that it is not easy to understand when there are so many funds
因此，預設投資策略便是一個不錯的選擇，如何讓市民明白到在一個已經調至相當低的收費下仍然會有合理回報，這也是積金局要做的。
In this case the Default Investment Strategy is a good choice . Letting people understand that a reasonable return can be yielded with fairly low fees is also what MPFA has to do . The other measure is semi - portability
另外，就是"半自由行"，雖然我批評"半自由行"走得太慢，應該要"全自由行"才可以加強競爭，大家亦明顯看到在"半自由行"下，受託人其實是積極了很多的，轉換基金的使用者也有增加，但政治考慮或政治現實便是這樣，我希望政府在推行"全自由行"的工作上可以再加把勁。
Although I have criticized semi - portability for being too slow and that only full - portability can enhance competition we can clearly see that trustees are way more proactive under the semi - portability arrangement . The number of users transferring funds has also increased . Taking political consideration or political reality into account I hope the Government will make more efforts to implement full - portability
我想提出的另一點是，其實積金局現時仍然有很多事情可以做，例如如何令市民可以更加掌握信息，積金局其實是有很大責任的。
Another point I want to raise is that MPFA still has a lot of things to do . For example MPFA should bear a major responsibility for keeping the public better informed . Secretary this is my personal experience I also did not have time to manage my MPF accounts
局長，我有一個親身經歷：因為我之前也沒有時間管理自己的強積金戶口，後來為了親身了解，我才發現原來自己有兩個強積金戶口，而當我想透過強積金平台了解戶口有多少錢時，發現強積金戶口內原來是沒有這些信息的，只告訴我向個別受託人了解和查詢。
Trying to gain a first - hand understanding of the situation I found out that I actually had two MPF accounts . And when I attempted to check the balance in my accounts on the MPF platform I found out that such information is not available there . I was told to check with individual trustees and make enquiries
根據《基本法》第七十五條動議修訂《議事規則》的擬議決議案。
Proposed resolution under Article 75 of the Basic Law to amend the Rules of Procedure
我現在請謝偉俊議員發言及動議議案。
I now call upon Mr Paul TSE to speak and move the motion
我發言支持《2021年財務匯報局條例草案》。
I speak in support of the Financial Reporting Council Amendment Bill 2021 the Bill
首先，《條例草案》是關於會計專業的規管，由本來的行業自我規管轉變成為政府規管。
First of all the Bill is about the regulation of the accounting profession which will be switched from the original industry self - regulation to government regulation
我在此特別多謝法案委員會主席張國鈞議員，其實法案本身並不簡單，我形容是一次比較複雜的修改法例工作，但主席也相當有效率地主持會議。
I would like to extend my gratitude to the Chairman of the Bills Committee Mr CHEUNG Kwok - kwan . In fact the Bill itself is not simple . I would describe this as a rather complicated legislative amendment exercise but the Chairman has conducted the meeting very efficiently
當然，參與這個法案委員會的其他同事，也十分專心地處理法案，我特別多謝李慧琼議員，她作為會計師，提供了很多業界很好的意見。
Certainly the other colleagues who joined the Bills Committee were also very dedicated in scrutinizing the Bill . I would like to thank Ms Starry LEE in particular for her excellent advice to the industry as an accountant
我、李慧琼議員和民建聯工商專業委員會在9月23日致函政府，政府就我們數項意見作了信件回覆，在今天的立法會工作紀錄也可看到。
I Ms Starry LEE and the Business and Professional Affairs Committee of the Democratic Alliance for the Betterment and Progress of Hong Kong wrote to the Government on 23 September . The Government gave a written response to several of our comments which can be found in the records of the Council meeting today
第一，在法案委員會討論過程中，業界也相當強調將來過渡至由新部門規管業界時，向業界收費的問題。
First during the discussion of the Bills Committee the industry placed great emphasis on the fees to be charged on the industry when a new body regulates the industry in the future
其實，局長和同事可能已聽過我們說了很多次，希望收費不要變成太過向業界"開刀"，即不斷增加收費。
In fact the Secretary and my colleagues may have heard us saying many times that we hope that the fees will not give rise to a situation where the industry is fleeced that is the fees will keep increasing
政府亦有回覆表示，正積極考慮我們這個想法，不過我希望局長稍後回應時，可以明確告訴我們，相關收費是否數年都可以不增加，以免對業界造成收費的負擔，政府可能自行出錢處理未來相關的運作。
The Government has replied that it is actively considering our idea but I hope that the Secretary can tell us clearly in his reply later whether it is possible not to increase the relevant fees for the next few years to avoid imposing a burden on the industry and that the Government may provide funding for the relevant operation in the future
第二，未來規管的業界涉及一些非上市公司，《條例草案》會規管的一些會計專業的核數服務涉及非上市公司，即一般的私人公司，其實當中並沒有牽涉公眾利益。
Second the future regulation of the industry involves some unlisted companies . Audit services of the accounting profession under the regulation of the Bill involve unlisted companies namely ordinary private companies which involve no public interest
如果是一間上市公司，當然會有公眾股東，會涉及公眾利益，但如果完全是非上市公司，是私人公司，其實當中沒有牽涉公眾利益。
If it is a listed company there will certainly be public shareholders and public interest will be involved but if it is an unlisted company a private company there is actually no public interest involved
如果根本沒有涉及公眾利益，標準便不應該一樣，如果把標準拉至一樣的時候，業界會覺得有點矯枉過正。
If there is no public interest involved the standards should not be the same and if the standards are raised to the same level the industry will feel that it is an overkill
所以，在法案委員會上，我們曾多番討論。
Therefore in the Bills Committee we have had rounds of discussions
就現在說的罰則，或對於這些非上市公司，即私人機構的專業核數的相關規管而言，如果有任何違規或專業失德的情況，便會罰款50萬元。
As regards the penalties we are talking about or the regulation of the professional audit of these unlisted companies or private entities there will be a fine of 500,000 for any violation of the law or professional misconduct
盡量不要做到矯枉過正，很多會計業界的朋友已經反映，他們做的純粹是非上市公司的私人機構的核數，老實說，現時已不是容易做的生意，他們的生存亦非那麼簡單。
We should refrain from overdoing things . Many of our friends in the accounting profession have already reflected that they are purely doing audit for private entities which are unlisted companies . Frankly speaking it is already not easy for them to do business and their survival is at stake
但問題是，如果你們以矯枉過正的態度去處理，會令他們的生存空間受到很大窒礙。
The problem is that if you overdo things their room for survival will be greatly stifled
這是第二點的一個重點問題。
This is a key issue in the second point
這亦帶出我另一個觀點，在法案委員會，我們亦不斷提及，將來局方的角色，即將來改名後的會計及財務匯報局，除了規管業界，亦有責任帶領業界的發展，帶領行業的發展，幫他們找一些契機。
This brings me to another point . At the Bills Committee we have repeatedly mentioned that the council which will be renamed Accounting and Financial Reporting Council AFRC will not only regulate the industry but it also has the responsibility to lead the development of the sector or the industry and help them identify opportunities
我覺得這一點都是希望局方能夠明確說出你們的思路及應對。
I think this is a point regarding which we hope the Bureau can clearly state its thinking and response
最後一點，我們覺得在發展會計專業的過程中，都希望局方留意到，其實在法案委員會裏或我們接觸到的業界都告訴我們，其實現時會計專業這個範疇在香港來說，特別對很多中小企來說，生存空間都越來越小，現時生意真的不容易做。
Last but not least we hope that in the process of developing the accounting profession the Bureau will take note of the fact that as we have been told at the Bills Committee or by the industry the room for survival of Hong Kongs accounting profession especially small and medium enterprises SMEs is getting smaller and it is not easy to do business nowadays
希望局方能夠聽到，將來有了會財局，都特別去想想如何可以幫助特別是一些中小企的會計專業服務單位，幫助他們可以在行業內有一個適當的生存空間，關顧到他們的需要。
I hope that the Bureau can hear this and following the establishment of AFRC in the future it will specifically think about how to help professional accounting service units especially those which are SMEs and help them find a proper room for survival in the industry and take care of their needs
總體而言，我們覺得今次修改法例，政府作為一個有擔當的角色去做規管，與國際的大趨勢接軌，將來鞏固整個專業水平或協助行業發展，這個理念我認為都是對的。
In general we think that it is a right idea for the Government to in amending the law this time around assume responsibility by exercising its regulatory powers and in line with the international trend consolidate the standards of the profession or support the development of the industry . The most important thing is how to take account of the actual situation of the accounting profession subsequently
最重要的就是如何在後續過程中考慮到會計業界的實際情況，包括在諮詢方面，將來你們會有一個法定諮詢委員會，局長都聽過我們說過很多次，將來你們找人進入這個諮詢架構，不應局限於非業內人士，亦應該找一些真正在會計業界業內的人士加入法定諮詢委員會，才能真的聽到業界的聲音。
In terms of consultation you will have a statutory advisory committee in the future . As the Secretary has heard us saying many times when looking for people to join this advisory framework the candidates should not be limited to lay persons . You should also identify practitioners of the accounting profession to join the statutory advisory committee
否則，很多時在處理很多問題的時候，如果他們並不理解業界真正的情況，就會出現一些不太理想的情況。
Then you can really hear the voice of the industry otherwise undesirable outcomes may often arise in the handling of many cases if they do not understand the real situation of the industry
業界每日操作的實際情況，都需要局方聽到。
The Bureau should know the actual daily operation of the industry as well
所以，未來法定諮詢委員會成員的構成，一定要考慮加入真正的業內人士，這亦是在整個法案委員會的討論過程中，不少同事及很多會計業界人士向我們反映，希望局方聽到。
For this reason as far as the composition of the future statutory advisory committee is concerned the inclusion of genuine practitioners must be considered . This is also what many colleagues and members of the accounting profession have reflected to us during the deliberation of the Bills Committee and what they hope the Bureau can hear
我希望局方稍後作出明確的回應。
I hope the Bureau will give us a clear response later on
主席，我謹以議事規則委員會主席的身份，動議通過印載於議程內的擬議決議案，修訂《香港特別行政區立法會議事規則》的若干條文。
President in my capacity as Chairman of the Committee on Rules of Procedure I move that the proposed resolution as printed on the Agenda to amend certain rules of the Rules of Procedure of the Legislative Council of the Hong Kong Special Administrative Region RoP be passed
主席，繼立法會早前批准《議事規則》和《內務守則》首兩批的修訂之後，內務委員會分別在9月3日和24日通過第三和第四批擬議修訂，一共分為5組。
President after the approval of the first two batches of amendments to RoP and the House Rules HR by the Legislative Council earlier the third and the fourth batches of proposed amendments which can be divided into a total of five groups were endorsed by the House Committee HC on 3 and 24 September respectively
第一組的修訂建議修訂財務委員會和內會委員組合和正副主席選舉程序，重點包括：a議員可以自行選擇加入財委會或內會，但兩個委員會須各由包括委員會主席在內的不少於50名委員組成；及b早前已獲通過修訂的事務委員會、法案委員會和小組委員會的正副主席選舉程序將適用於內會，該程序在決議案獲通過後將印載於《內務守則》附錄IV。
The first group of amendments is proposed to amend the membership and procedures for election of the chairman and deputy chairman of the Finance Committee FC and HC . The key points include a members are given the choice as to whether to join FC or HC but the two committees should each consist of not less than 50 members including the chairman; and b the election procedures for the chairman and deputy chairman of Panels Bills Committees and subcommittees to which amendments were endorsed earlier will apply to HC and will be set out in Appendix IV to HR after the passage of the resolution
主席，第二組的修訂建議修訂《議事規則》第462條所載的議員法案和議案分組表決程序，以符合經修改的《基本法》附件二第七條，訂明就個別議員提出的議案、法案或其修正案須分別獲兩部分出席會議的議員，即a經選舉委員會選舉產生的議員；及b經功能界別選舉和經地方選區直接選舉產生的議員，各過半數票方為通過。
President the second group of amendments is proposed to amend the split voting procedures for Members bills and motions under Rule 462 of RoP to align with Article 7 of the amended Annex II to the Basic Law which provides that the passage of motions bills or amendments thereto introduced by individual Members of the Legislative Council shall require a simple majority of votes of each of the two groups of Members present ie
主席，第三組的修訂建議修訂委員會運作及關乎法案恢復二讀辯論的磋商規定，包括：a內會有權就委員會事宜發出指示；b若有超過兩個事務委員會打算委任聯合小組委員會，須向內會提出建議，以便在內會轄下成立該小組委員會；以及c取消負責法案的議員或官員須與內會主席磋商後才可作出恢復二讀辯論預告的規定，並訂明如內會已接獲法案委員會報告，除非內會另有決定，有關法案即視作已經準備就緒，可以恢復辯論。
a Members returned by the Election Committee and b those returned by functional constituencies and by geographical constituencies through direct elections . President the third group of amendments is proposed to amend the operation of committees and the consultation requirement for the resumption of the Second Reading debate on a bill including a HC has the power to give directions on committee matters; b where more than two Panels wish to appoint a joint subcommittee a proposal shall be made to HC for that subcommittee to be formed under HC; and c to remove the requirement for the Member or public officer in charge of a bill to consult the HC chairman before he gives notice for resumption of the Second Reading debate and to provide that if the report of a Bills Committee has been received by HC unless otherwise decided by HC the bill is regarded as ready for resumption of the Second Reading debate
主席，第四組是因應《2021年公職條例》的立法會議員宣誓新規定，建議修訂《議事規則》以訂明議員如未宣誓，不得行使議員的權力或職能，以及立法會主席選舉須在每屆任期的首次會議前舉行。
President the fourth group consists of amendments arising from the new requirements for oath taking by Members of the Legislative Council under the Public Offices Ordinance 2021 proposing that RoP be amended to provide that a Member who has not made or subscribed an oath or affirmation shall not exercise the powers or functions of a Member and that the election of the President shall be held before the first meeting of a term
主席，如果決議案獲通過，經修訂的《議事規則》條文將自第七屆立法會開始當日起實施。
President subject to the passage of the resolution the amended provisions of RoP will come into operation on the day on which the Seventh Legislative Council begins
主席，以下是我對於擬議決議案的一點意見。
President now I will say a few words on the proposed resolution
主席，首先，我多謝立法會秘書處和法律事務部的同事，他們在這一年內可說是鞠躬盡 瘁，史無前例地讓我們可以整體地、全面地、廣泛地檢討《議事規則》多年來的積弱或漏洞。
President for starters I thank colleagues of the Legislative Council Secretariat and the Legal Service Division who have worked with the utmost dedication this year giving us an unprecedented opportunity to review the weaknesses or loopholes of RoP over the years in a holistic comprehensive and extensive manner
有些朋友問為甚麼這麼多年都做不到，到今年才稍為做到一點工作呢？
Some people asked why we had been unable to do this for so many years until this year when we managed to make just a bit of progress
這次當然我很多謝立法會秘書處同事的努力，法律顧問的不斷幫助，亦很多謝委員會的同事，特別有幾位同事提出很多修正案，多謝他們。
This time certainly I very much thank colleagues of the Legislative Council Secretariat for their hard work and legal advisors for their unrelenting help . My thanks also go to colleagues in the committee especially the several colleagues who have proposed many amendments . I am grateful to them
局長多次提到我的名字，我感到頗欣慰的是，政府積極回應勞工界的訴求，但我在這裏不敢邀功，因為事實上這是香港工會聯合會研究團隊的同事花了很多時間倡議和進行研究的。
The Secretary has mentioned my name several times and I am glad that the Government has responded positively to the aspirations of the labour sector . Yet I dare not claim credit here . Actually colleagues of the research team of the Hong Kong Federation of Trade Unions have spent a lot of time advocating and studying the issue
我在這裏特別鳴謝我的好兄弟鄧家彪，他在這項提議上進行了很多細緻的研究，令我得到很多啟發，由我和他一起擬訂。
I would like to give special thanks to my good brother TANG Ka - piu who has done a lot of detailed research on this proposal inspiring me to formulate the proposal together with him
當然，正如我剛才所說，我們認為最好是設有一個全面由三方供款的進一步退休計劃，但在未有設立以前，完善強積金是一項非常重要的工作。
Of course as I said just now we consider it most desirable to further set up another retirement scheme with full tripartite contributions . Nevertheless before such a scheme is set up it is a very important task to improve MPF
此外，我希望積金局能加強宣傳，以及設立更多熱線、網上資訊，讓市民知道當他們不明白報表時可以如何詢問，讓他們可以更清楚他們的個人權益。
In addition I hope the Mandatory Provident Fund Authority can step up publicity set up more hotlines and provide more online information to let people know how to make enquiries when they do not understand the statements so that they can have a better understanding of their rights and benefits
透過那些數據資料，計劃成員便懂得選擇公司、基金內容、個人投資策略，令他們的投資回報得到最大化，為他們的退休生活作較好的準備。
With those data and information scheme members will know how to choose companies fund contents and personal investment strategies to maximize their investment returns and can be better prepared for their retirement
我發言支持《2021年強制性公積金計劃條例草案》。
I speak in support of the Mandatory Provident Fund Schemes Amendment Bill 2021 the Bill
《條例草案》旨在為"積金易"平台，即eMPF提供法律基礎，看起來好像是技術性修訂，所以，社會上的討論和關注的而且確不多。
The Bill seeks to provide a legal basis for the eMPF Platform . It appears to be a technical amendment so indeed there has not been a lot of discussion and concern about it in the community
但是，我在這裏也呼籲市民，真的要關心這項法例修訂，對於強制性公積金的發展有甚麼意義呢？
However here I would like to call on the public to pay attention to the significance of this legislative amendment for the development of the Mandatory Provident Fund MPF
我認為這次修訂不止是技術性修訂，也是一個里程碑式的修訂，因為可以排除很多過去阻礙強積金改革的不利因素。
I think this amendment is not only a technical one but also one that marks a milestone as it can eliminate many unfavourable factors hindering the reform of MPF in the past
時至今日，香港的退休問題越來越令大家頭痛。
Nowadays the issue of retirement protection in Hong Kong has become a bigger and bigger headache for everyone
現時香港的退休保障主要有綜合社會保障援助、長者生活津貼、強積金，以及個人的儲蓄和投資，還沒有一個勞資官三方供款的制度，即香港工會聯合會倡議的一個綜合性退休保障制度。
At present retirement protection in Hong Kong mainly comprises the Comprehensive Social Security Assistance the Old Age Living Allowance and MPF as well as personal savings and investments . There is not yet a system of tripartite contributions by employees employers and the Government namely a comprehensive retirement protection system advocated by the Hong Kong Federation of Trade Unions FTU
所以，一方面，我們繼續爭取，希望有一個完善的退休保障制度；但另一方面，對於現時的制度，特別是強積金的制度是要進行改革。
Therefore on the one hand we will continue to strive for a sound retirement protection system but on the other hand the existing system especially the MPF system warrants a reform . Indeed the public have a fairly mediocre impression of MPF
強積金其實在市民心中的印象真的很一般，工聯會過去總結了"七宗罪"：對沖機制損害權益、政府無力打擊拖欠供款、受託人漏報"無皇管"、帳戶管理難查閱、收取管理費欠透明、收費高，以及回報無保證。
FTU has summed up the seven sins of MPF the offsetting mechanism undermining rights and interests the Governments inability to combat default on contributions the absence of regulation on the trustees omission of reporting the difficulty in accessing account management the lack of transparency in management fees the high fees and the lack of guarantee of returns
我們落區也有做一些關於強積金的推廣，找一些熟識理財的人士教市民如何作出理性的強積金投資。
We have also done some publicity work on MPF in the local communities by asking people who are familiar with financial management to teach the public how to make rational MPF investments
但是，這次的修訂，我想說的是有何特別的意義呢？
However what is the special significance of this amendment exercise?
將來不行了，要逐個客call，逐個客拉攏，自然便會透過競爭刺激回報和減低收費。
It will not be the case in the future . They will have to make warm calls and win over each client and naturally competition will stimulate returns and reduce fees and charges
還有一點很重要的是，在法案委員會中，其實我也提出兩項意見，有一項意見獲政府採納了，非常感謝。
Another very important point is that in the Bills Committee I have put forward two views and one of them has been taken on board by the Government . I am very thankful
這樣計劃成員往後便可作出比較，知悉在整體強積金計劃中，實際上被人收取了多少管理費呢？
In this way scheme members will be able to make comparisons and know how much management fees will actually be charged by the MPF schemes on the whole and how much administrative expenses will be charged
這樣便會激發市場的競爭，從而推動受託人減低收費。
It will spur competition in the market which will thus prompt the trustees to reduce their fees
另一項政府未有採納的意見，我們希望政府將來會推行，就是我們希望政府設立中央的"通脹加1%"的保證回報基金。
There is another view that the Government has not taken on board but we hope the Government will adopt in the future . That is we hope the Government will set up a central inflation plus 1 % guaranteed return fund
我經常建議這 項基金由香港金融管理局負責，因為外匯基金對於市民來說，雖然不是超高的回報，但勝在穩陣，平均每年有4%多的回報，對於接近退休的人士而言是很吸引的。
I always suggest that the Hong Kong Monetary Authority should take charge of such a fund because though not yielding extremely high returns for the public the Exchange Fund has the advantage of being stable with an average annual return of over 4 % which is very attractive to people who are approaching retirement
很多人也說：我也想跟隨外匯基金投資。
Many people say that they would also like follow the Exchange Fund in making investments
如果政府設計了這項基金，其實是類似"通脹加1%"的，那麼市民可以透過受託人購買這項基金。
If the Government designs such a fund which will work in a way similar to inflation plus 1 % the public can purchase this fund through their trustees
所以，增加透明度的最大目的是能夠減低收費。
For this reason the key objective of increasing transparency is to reduce fees
每年可能相差零點幾個百分點的管理費，"少數怕長計"。
The management fee that possibly differs by a fraction of a percentage point per annum may amount to a large sum over a long course