HKMA inclusive banking guidance is being updated as Hong Kong’s banking industry moves to strengthen support for elderly customers and people with impairments, the Hong Kong Monetary Authority and the Hong Kong Association of Banks said. A refreshed “Guideline on Elderly-friendly Banking Services” sets practical standards aligned with government efforts to promote the “silver economy” and aims to improve financial literacy and digital adoption through enhanced financial educa

Hong Kong’s ageing population is straining public healthcare while opening new business opportunities for insurers and banks, officials and executives said at the Asian Insurance Forum on Monday. Insurance Authority chairman Stephen Yiu said the Hong Kong ageing population is driving demand for health insurance, annuities and retirement solutions as demographic pressures intensify. The government projects about 2.4m elderly residents by mid-2036, representing roughly one-thir