Hong Kong's social security system has followed a "liberal" welfare state regime. The system has undergone changes along with the high economic growth, changes in the labor market, and transformation of the political environment, but has retained thefundamental principle of a social security system led by the private sector. In recent years, Hong Kong has responded to the aging population and growing unemployment by introducing the Mandatory Provident Fund Scheme that requires individuals to join private-sector pension schemes and by intensifying cooperation with nongovernmental organizations. This indicates the deep-seated nature of the influence of the liberal regime in Hong Kong.
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