Timothy Morano
Jul 15, 2025 11:18
The Hong Kong Mortgage Corporation Limited hosted a public event to promote its ‘HKMC Retire 3’ products, aiming to enhance retirement planning awareness among citizens.
The Hong Kong Mortgage Corporation Limited (HKMC) recently organized a public education event at the Hong Kong Convention and Exhibition Centre to promote the effective use of its ‘HKMC Retire 3’ products. These products include the Reverse Mortgage Programme (RMP), the Policy Reverse Mortgage Programme (PRMP), and the HKMC Annuity Plan. The initiative aims to provide lifelong payouts, offering retirees a more stable financial future, according to the Hong Kong Monetary Authority.
Promoting Financial Security
The event attracted approximately 300 participants and featured various activities, such as a detailed talk on the ‘HKMC Retire 3’, a Q&A session, personalized consultations, and engaging giveaway games. As part of its commitment to serving as a retirement planning partner for the public, HKMC also invited AWEsum Care, a social enterprise and charity, to discuss the ‘Three Instruments of Peace’. These instruments—a Will, an Enduring Power of Attorney, and an Advance Medical Directive—are designed to protect individuals and their families in cases of mental incapacity or death.
HKMC’s Commitment to Retirement Enhancement
Colin Pou, Executive Director and CEO of HKMC, emphasized the benefits of the ‘HKMC Retire 3’, which has reportedly improved the retirement lives of around 40,000 customers by providing immediate, stable, and lifelong income streams. Pou further mentioned HKMC’s plans to enhance promotional efforts for ‘HKMC Retire 3’ and support financial education for the elderly. In alignment with the government’s initiative to promote the silver economy, HKMC intends to conduct over 150 seminars this year.
Future Prospects for Retirement Planning
Despite the achievements, Pou noted that Hong Kong’s retirement planning market still has significant growth potential. HKMC is keen to collaborate with various institutions to continue promoting retirement planning concepts to the broader public.
The event underscores HKMC’s proactive approach in fostering a comprehensive understanding of retirement solutions among Hong Kong citizens, enhancing their financial security and quality of life in retirement.
Image source: Shutterstock
