Hong Kong Mortgage Corporation

Established in 1997, the Hong Kong Mortgage Corporation Ltd, is wholly owned by the Hong Kong Special Administrative Region (HKSAR) Government through the Exchange Fund. Its mandate is to enhance banking stability through offering a reliable source of liquidity, promoting wider home ownership in Hong Kong and helping with the development of Hong Kong’s debt securities market, including mortgage-backed securities.

Raymond Li Ling-cheung, chief executive of Hong Kong Mortgage Corporation. Photo: Jonathan Wong

HKMC not playing on a level field

The new name will be created by adding the words "Credit and Guarantee" between the words "Mortgage" and "Corporation". My congratulations to you on your insight if this reflects anything of significance to you.