The Corporation purchased residential mortgage loans of about HK$372.3 million in 2025 and stands ready to purchase such loans as needed, with the objective of reinforcing banking stability in accordance with its mandate.

As a wholly government-owned entity with robust credit ratings, the Corporation maintains its position as a leading corporate debt issuer in Hong Kong. In 2025, following a comprehensive funding strategy, the Corporation raised HK$70.5 billion across major currencies, including four tranches of multi-currency benchmark bonds totalling HK$25.3 billion in November 2025, which was its largestever public offering.  Notably, the 30-year HKD social bond tranche was the largest 30-year HKD bond ever issued in Hong Kong.  It was also the first-ever social bond issuance in the Asia Pacific region with proceeds dedicated to supporting Reverse Mortgage Programme that provided financing options for the elderly, contributing to the development of a retirement planning market and silver economy in Hong Kong.  This landmark transaction was a testament to investors’ confidence in both the Corporation and the Hong Kong financial markets.  Furthermore, the Corporation has stepped up its investor engagement efforts and successfully attracted both Southbound Bond Connect and international institutional investors.  These strategic marketing activities have significantly diversified the Corporation’s funding base while reinforcing Hong Kong’s status as a global fixed income and currency hub, as well as the premier financial centre for offshore Renminbi business.

Promoting wider home ownership remains a core mission of the Corporation.  Since the introduction of the Mortgage Insurance Programme in 1999, the Corporation had facilitated home purchases for about 242,000 families by the end of 2025.

The Corporation is responsible for implementing and administering the SME Financing Guarantee Scheme for the Government, providing assistance to SMEs which form a vital pillar of our economy.  A total of HK$302.2 billion loans have been approved under the Scheme by the end of 2025, of which some 25,100 local SMEs and 409,700 related employees benefitted under the 80% and 90% Guarantee Products, and another some 40,000 companies and 400,400 related employees benefitted under the Special 100% Guarantee Product.  They span a wide range of businesses, from family-run small businesses, long-established brands, start-ups to relatively large-scale enterprises.

To encourage taxi owners to replace their existing liquefied petroleum gas, petrol or hybrid taxis with battery electric taxis, the Corporation assisted the Government in administering a Dedicated 100% Loan Guarantee Scheme for battery electric taxis.  At the end of 2025, more than 630 applications had been approved with loans totalling about HK$209.1 million.

In support of the Government's initiative to enhance the financial and retirement security for the elderly, the Corporation has stepped up marketing and customer engagement efforts in promoting the “HKMC Retire 3” products, of which the Reverse Mortgage Programme and Policy Reverse Mortgage Programme have gained increasing recognition among the public and applications for these two programmes remained steady during the year.

Building on the success of the HKMC Annuity Plan’s Payout Enhancement and Premium Discount Campaign in 2024 which sought to enhance income protection for customers, the Corporation increased its promotional efforts throughout 2025 and achieved another year of record-breaking performance in its life annuity business.  Total premium received was more than doubled during the year, reaching approximately HK$9 billion.

The Corporation will continue to promote retirement planning and further increase public education efforts in support of the Government’s goal in developing the silver economy.

The Corporation’s infrastructure financing and securitisation business operates on prudent commercial principles.  In 2025, the Corporation continued to accumulate infrastructure debt obligations riding on its strong credit standing and funding capability.  In October, it completed its third infrastructure loan-backed securities issuance worth US$450.5 million, further advancing Hong Kong’s status as an infrastructurefinancing securitisation hub.