Hong Kong Mortgage Corporation Unveils 2024 Annual Report

The Hong Kong Mortgage Corporation Limited (HKMC) has published its Annual Report for 2024, outlining significant achievements and strategic developments over the past year. According to the Hong Kong Monetary Authority, the comprehensive document reviews HKMC's business performance, financial position, and its environmental, social, and governance (ESG) initiatives.

Business Performance and Financial Position

The Annual Report highlights the HKMC's robust business performance throughout 2024. The corporation has maintained a strong financial position, reflecting its strategic focus on sustainable growth and risk management. The report provides detailed insights into the corporation's financial metrics, underscoring its commitment to transparency and accountability.

Environmental, Social, and Governance Initiatives

Alongside financial performance, the HKMC's dedication to ESG principles is a focal point of the report. The corporation has implemented several initiatives aimed at enhancing its sustainability practices and social responsibility commitments. These efforts are part of a broader strategy to integrate ESG considerations into its core operations, fostering long-term value creation for stakeholders.

New Product Introduction

In addition to reviewing past performance, the HKMC has announced the launch of the Policy Reverse Mortgage Programme (PRMP) as a new addition to its “HKMC Retirement Solutions.” This product aims to provide retirees with more flexible financial options, enhancing the corporation's product portfolio and aligning with its mission to support the financial well-being of Hong Kong's aging population.

The full Annual Report is available on the HKMC's official website for stakeholders and the public, providing detailed insights into the corporation's strategic direction and operational achievements over the year.