HKMCA Further Expands its Referral Network

On Wed, 09 Sep,**HKMC Annuity Limited (""HKMCA""), a wholly-owned subsidiary of The Hong Kong Mortgage Corporation Limited, formally announced the execution of a strategic partnership agreement with Chow Tai Fook Life Insurance Company Limited ("CTF Life").

Scope and Terms of the Referral Arrangement

Pursuant to this arrangement, designated licensed insurance intermediaries appointed by CTF Life are authorised to introduce the HKMC Annuity Plan to their respective clients and to refer qualifying customers directly to HKMCA for further processing. This referral mechanism is designed to facilitate access to structured annuity solutions through an established distribution channel.

Strategic Rationale and Management Commentary

The partnership reinforces HKMCA's ongoing commitment to collaborating with industry stakeholders in addressing the financial implications of demographic ageing and mitigating longevity risk across Hong Kong. In this regard, Mr Daniel Leong, Executive Director and Chief Executive Officer of HKMCA, stated that two additional insurance companies had been onboarded as referral partners during the second half of 2026, bringing the total number of partnering insurers to three. He further noted that HKMCA intends to leverage its expanding referral network to deliver more targeted retirement planning solutions for an ageing population and remains receptive to engaging with further institutions in support of building sustainable retirement plans that enhance the quality of individuals' retirement years.

Verification Enquiries

For the purpose of verifying the identity or authority of any designated licensed insurance intermediary operating under this arrangement, interested parties are directed to contact HKMCA's customer service hotline at (852) 2512 5000.