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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.

Hong Kong economy

Hong Kong taxpayers face HK$28 billion Covid bad-loan burden from SMEs

Of 67,189 applications approved under government’s Special 100% Loan Guarantee Scheme, 13,231 had defaulted by end of February.

16 Apr 2026 - 2:58PM

Crime in Hong Kong

Hong Kong bank staff among 32 arrested in HK$140 million loan scam case

7 Nov 2025 - 8:48PM

Banking & finance

HSBC rolls out fixed mortgage plan at 2.73% ahead of Fed rate cut

25 Aug 2025 - 4:14PM

Banking & finance

HSBC, Manulife, BOC Life expand offerings for Hong Kong retirees

Senior Hongkongers evaluating such investment products should be cautious about non-guaranteed payouts, a broker says.

8 Jul 2025 - 7:40AM

Elderly Hongkongers rest in a park in Cheung Sha Wan on August 16, 2023. Photo: Jelly Tse

Banking & finance

HKMC explores Greater Bay Area retirement options for senior residents

About 10,000 senior residents spent US$586 million on HKMC annuity policies in the first five months of this year, CEO Colin Pou says.

26 Jun 2025 - 7:46PMvideocam

Hong Kong property

Hong Kong relaxes loan rules to improve affordability and upgrades

The government would consider ‘marginally relaxing’ the loan-to-value ratio, to strike a ‘balance [between] financial stability and the interest of first-time homebuyers’, Paul Chan said two weeks ago.

7 Jul 2023 - 10:32PM

Hong Kong Monetary Authority (HKMA)

Hong Kong’s negative equity soars to 12,164 cases as home prices fall

Home prices in Hong Kong fell last year by the most since the Asian financial crisis, as pandemic curbs combined with rising interest rates stopped the housing bull market in its tracks after a 13-year run.

31 Jan 2023 - 9:18PM

A woman looked over residential property advertisements displayed in the window of a real estate agency in Wong Tai Sin on 19 July 2022. Photo: Edmond So.

Hong Kong property

Banks offer cash rebates, Octopus cards and a Tesla to boost mortgages

Cash rebates, limited-edition Octopus cards and a Tesla are being offered to customers to boost new home sales and loans after the Covid-19 pandemic led to a slowdown in property activity in the first quarter.

20 May 2022 - 9:44AM

Hong Kong property

Hong Kong opens tap for more mortgage loans to first-home buyers

The policy would make larger abodes more affordable to first-time buyers, helping to remove so-called nano flats as the sole property type within their financial reach.

23 Feb 2022 - 7:12PM

Hong Kong economy

Hongkongers should use reverse mortgages for stable incomes amid record recession

Elderly Hongkongers should consider the government’s reverse mortgage programme to secure fixed and stable incomes during the city’s worst recession on record and rising unemployment, industry observers said.

28 Apr 2021 - 10:38AMvideocam

It is a good time to do a reverse mortgage as borrowers can probably get the best price for their homes at this point, says Ricacorp Mortgage Agency’s Wong Wing-yan. Photo: Jonathan Wong

Hong Kong property

Hong Kong home sales jump after easier financing rules

Twenty used homes changed hands at 10 housing estates in the city over the weekend after the government eased mortgage limits, according to data by Centaline, a six-month high.

22 Oct 2019 - 12:00AM

Aerial drone view of Whampoa Garden residential blocks. Photo: Roy Issa

Carrie Lam policy address 2019

Mixed reactions to new measure to relax mortgage rules for first-home buyers

The government-backed Hong Kong Mortgage Corporation will relax the ceiling on mortgage financing schemes for first-home buyers.

17 Oct 2019 - 1:53AM

Reverse mortgage ruling makes ‘Greater Bay Area’ attractive to pensioners