Customers collect the HKMC Annuity plan subscription intention form at HSBC’s Mong Kok branch on the first day of its launch on July 19. Photo: Handout

Poor response to Hong Kong government’s annuity scheme as senior citizens subscribe to less than 50pc of US$1.27b target

Only 9,410 senior citizens plan to take part in the Hong Kong government’s annuity plan and intend to invest HK$4.94 billion

Topic |   Hong Kong's state-funded pension scheme

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Customers collect the HKMC Annuity plan subscription intention form at HSBC’s Mong Kok branch on the first day of its launch on July 19. Photo: Handout
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