Hong Kong Monetary Authority Reveals Life Annuity Scheme

Posted on 07/30/2018


The Hong Kong Monetary Authority (HKMA) unveiled its HK$ 10 billion life annuity scheme. HKMA will use its internal teams to invest the premiums and manage the portfolio risk. HKMC Annuity Limited (HKMCA), wholly-owned by The Hong Kong Mortgage Corporation Limited (HKMC), launched the HKMC Annuity Plan in early July. According to the HKMA, HKMCA […]