HKMC enhances Reverse Mortgage Programme and launches Green Promotion
The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Mortgage Corporation Limited (HKMC) has been actively applying the principles of environmental, social and governance in its work. It is committed to operating business in a socially responsible and sustainable manner while implementing a high standard of corporate governance. To promote the development of green and sustainable finance with environmental and social benefits, the HKMC is going to launch the following two initiatives.
1. Enhancement to the Reverse Mortgage Programme (RMP) (Note 1)
Benefitting from the successful issuance of the 30-year HK$2 billion social bonds in November 2025 that lowered the cost of funds, the RMP introduces enhancement measures to lower the interest rate of its fixed-rate mortgage plan to 4 per cent per annum for the first 30 years and increase the monthly payout amounts by a maximum of 5 per cent varying by entry age. Application will open tomorrow (March 10).
Example: A single borrower selecting life payment term
Fixed-rate mortgage plan under the RMP
Monthly payout amount (per HK$1 million of specified property value)
Entry age
Before enhancement
(Interest rate of 4.5 per cent p.a. for the first 30 years and P (Note 2)minus 2per cent p.a. thereafter)
After enhancement
(Interest rate of 4per cent p.a. for the first 30 years and P minus 2per cent p.a. thereafter)
55 years old
HK$1,590
HK$1,660
60 years old
HK$1,930
HK$2,020
70 years old
HK$2,920
HK$3,070
2. Green Promotion
To foster the development of green buildings and properties in contributing to a sustainable future for Hong Kong, the HKMC will launch a promotion from March 17 to December 31, 2026, encouraging the public to use a property with "BEAM Plus" rating (Note 3)to apply for the RMP, the Mortgage Insurance Programme (MIP) (Note4)and the Fixed Rate Mortgage Scheme. A one-off cash incentive will be provided under the Green Promotion, with a brief introduction as follows:
Programme
One-off cash incentive
The RMP
HK$3,000; or 0.1 per cent of the specified property value (capped at HK$8,000), whichever is higher
The MIP
HK$3,000 (for loan amount below HK$5 million); or HK$5,000 (for loan amount at or above HK$5 million)
The Fixed Rate Mortgage Scheme
(non-MIP loans)
HK$1,000 (for loan amount below HK$5 million); or HK$3,000 (for loan amount at or above HK$5 million)
The Executive Director and Chief Executive Officer of the HKMC, Mr Colin Pou, said, "We are pleased that the proceeds from the social bonds issued last year can be used to support the RMP, lowering the interest rate and providing higher monthly payouts to the retirees in need. This initiative promotes the development of the local retirement planning market and contributes to the silver economy. At the same time, through the implementation of the Green Promotion, the HKMC encourages the public to support green buildings, which helps foster a green culture and bring a positive impact to the environment."
For enquiries about the RMP, please call the HKMC Retire 3 Hotline at 2536 0833. For details of the Green Promotion, information will be available on the HKMC website (www.hkmc.com.hk) from March 17. The public may also reach out to the participating banks and institutions (see Annex) for enquiries.
Note 1: The RMP is operated by HKMC Insurance Limited. HKMC Insurance Limited is a wholly-owned subsidiary of the HKMC.
Note 2: P is the Hong Kong Prime Rate which is determined by the HKMC from time to time.
Note 3: "BEAM Plus" rating: (1) Platinum or Gold rating (Provisional or Final) under "BEAM Plus New Buildings", or Platinum or Gold rating (Final) under "BEAM Plus Existing Buildings (Comprehensive Scheme)" as shown on Hong Kong Green Building Council (HKGBC)'s BEAM Plus Project Directory and Statistics; or (2) Green+ or Green rating under "BEAM Plus Interiors (Residential)" as evidenced by a valid certificate issued by the HKGBC.
Note 4: The MIP is operated by HKMC Insurance Limited.
The Hong Kong Mortgage Corporation Limited (HKMC), Photo source: reference image
InvestHK and HKCEA co-host Mainland Spring Reception and Mainland enterprises GoGlobal Forum
Invest Hong Kong (InvestHK) and the Hong Kong Chinese Enterprises Association (HKCEA) jointly organised a Mainland Spring Reception today (March 10), gathering representatives of Mainland enterprises and business leaders to celebrate the Chinese New Year. The two parties also held the GoGlobal Forum before the reception to explore development opportunities and discuss how enterprises can leverage Hong Kong as their home port to realise international expansion plans. Both events were attended by nearly 800representatives from Mainland enterprises.
The reception was officiated by the Financial Secretary, Mr Paul Chan; Deputy Director of the Liaison Office of the Central People's Government in the Hong Kong Special Administrative Region (HKSAR) Mr Zhang Yong; the Secretary for Commerce and Economic Development, Mr Algernon Yau; the Director-General of Investment Promotion at InvestHK, Ms Alpha Lau; and the Chairman of the HKCEA, Mr Wang Haimin.
In his speech, Mr Chan pointed out that this year marks the beginning of the country's 15th Five-Year Plan, and the next five years will be a crucial period for the country's development. Under the "one country, two systems" framework, Hong Kong possesses unique institutional strengths and serves as an international hub for finance, trade, shipping, and innovation and technology. It is essential for Hong Kong to leverage these strengths to accelerate its integration into the national development strategy. The Hong Kong Special Administrative Region Government looks forward to continuing to work closely with Mainland enterprises to promote Hong Kong's prosperity and stability, and to contribute to the nation's development.
Mr Chan also noted that Mainland enterprises have long been based in Hong Kong, actively supporting the Government in driving the city's economic development and playing a pivotal role across various industries. In recent years, Mainland enterprises have accelerated their global expansion, with many of them have been using Hong Kong as a platform for fund raising, showcasing their products and services, conducting R&D activities, and managing international operations. The Government will take a multipronged approach to welcome more Mainland enterprises to Hong Kong, enabling them to fully utilise the city's one-stop financial support and international advantages to strengthen their own development.
At the GoGlobal Forum, Mr Yau said that in the face of significant opportunities arising from the Global South markets and the Belt and Road Initiative, Hong Kong, as the preferred platform for Mainland enterprises going global, is fully prepared to provide one-stop support services in navigating them to go global. He said he looks forward to seeing more Mainland enterprises expanding globally via Hong Kong, working hand in hand to achieve mutual benefits and write a new chapter for Mainland enterprises going global.
Mr Wang said that the HKCEA has united a broad spectrum of Mainland enterprises setting up in Hong Kong. It has become a cornerstone in supporting Hong Kong's economic development and maintaining the city's long-term prosperity and stability, further inspiring Mainland enterprises to regard Hong Kong as their home and leveraging the city for growth with confidence and momentum. Looking ahead, the HKCEA is eager to strengthen co-operation with all sectors and move forward together, contributing to Hong Kong's transition from stability to prosperity and facilitating the steady and sustained implementation of "one country, two systems".
The Commerce and Economic Development Bureau established the Task Force on Supporting Mainland Enterprises in Going Global (GoGlobal Task Force) last October, integrating Hong Kong's overseas offices, including those under InvestHK, the Hong Kong Trade Development Council, as well as Hong Kong offices on the Mainland, to set up a one-stop platform. The GoGlobal Task Force also brings together Hong Kong's professional services ecosystem to provide one-stop support to Mainland enterprises expanding overseas via the city. It will continue to organise various activities to promote Hong Kong's unique advantages as a platform for Mainland enterprises to go global.
The annual spring reception is a flagship event jointly organised by InvestHK and the HKCEA to express gratitude to Mainland enterprises for their contributions to Hong Kong's socio-economic development. The GoGlobal Forum gathered representatives from Hong Kong's professional services sectors and Mainland enterprises to share insights on Hong Kong's unique advantages as a globally connected business hub, alongside successful case studies of going global via the city. InvestHK will continue to support the work of the GoGlobal Task Force.
InvestHK and HKCEA co-host Mainland Spring Reception and Mainland enterprises GoGlobal Forum Source: HKSAR Government Press Releases
InvestHK and HKCEA co-host Mainland Spring Reception and Mainland enterprises GoGlobal Forum Source: HKSAR Government Press Releases
InvestHK and HKCEA co-host Mainland Spring Reception and Mainland enterprises GoGlobal Forum Source: HKSAR Government Press Releases
InvestHK and HKCEA co-host Mainland Spring Reception and Mainland enterprises GoGlobal Forum Source: HKSAR Government Press Releases
InvestHK and HKCEA co-host Mainland Spring Reception and Mainland enterprises GoGlobal Forum Source: HKSAR Government Press Releases
