HKIMR Report Finds Limited Awareness of Long-Term Investment Products in Hong Kong

HKIMR report long-term investment awareness revealed that Hongkongers, despite strong financial literacy, remain unfamiliar with long-term products, the Hong Kong Institute for Monetary and Financial Research said. The study, based on resident and market surveys, found that 67% of industry participants see a need for more retirement-oriented “decumulation” products. Digital adoption is high, with 72% of residents using digital financial services in 2024 and 70% of firms deploying mobile or web platforms. HKIMR urged embracing frontier technologies to drive efficiency, innovation and sustainable financial planning in an ageing society. The report highlighted gaps in retirement and decumulation products but pointed to opportunities to strengthen Hong Kong’s role in digital-age finance.