The Hong Kong government’s public annuity scheme offers the city’s elderly residents aged 65 to invest up to HK$1 million each in exchange for monthly payments. The plan is the Hong Kong government’s latest initiative to cope with the city’s rapidly ageing population. Photo: EPA-EFE

Response to Hong Kong annuity scheme ‘within expectations’ but likely to fall short of US$1.27b target

Even though most senior citizens are not satisfied with the low returns, the scheme has drawn investments from retirees as old as 90

Topic |   Hong Kong's state-funded pension scheme

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The Hong Kong government’s public annuity scheme offers the city’s elderly residents aged 65 to invest up to HK$1 million each in exchange for monthly payments. The plan is the Hong Kong government’s latest initiative to cope with the city’s rapidly ageing population. Photo: EPA-EFE
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