The Hong Kong Mortgage Corporation Limited, established in March 1997, is wholly owned by the Hong Kong Special Administrative Region (HKSAR) Government through the Exchange Fund.

We aspire to fulfill the following core missions with an underpinning commitment to fairness, transparency, accountability, and responsibility:

The Board, committed to provide strategic leadership and effective control of us, meets in person at least once every quarter to supervise Management with regard to our business performances, financial results, as well as community relations. The combination of experience and expertise of its members provides us with a well-balanced, effective and strategic leadership.

There is a clear division of responsibilities between the Board and the executive functions of our Management team. The Board sets the strategic direction, defines business objectives and operational guidelines, approves financial targets and monitors our performance on an on-going basis. The Chief Executive Officer, who is accountable to the Board, is responsible for implementing the Board's decisions in a proper and effective manner.

Please refer to Board of Directors for an updated list of the Board.

The Financial Secretary of Hong Kong beneficially owns all the shares of the Corporation in his capacity as Controller of the Exchange Fund.

The Audit Committee plays a central role in helping the Board fulfill its corporate governance and oversight responsibilities in relation to our internal control framework, monitoring procedures, accounting operations as well as all other relevant auditing issues.   It holds regular meetings with Management, the Chief Internal Auditor and the external auditors in order to effectively discharge its delegated responsibilities, as well as reporting its findings and recommendations to the Board.

The Board has overall responsibility for our internal control framework and through the Audit Committee, conducts periodic reviews of the effectiveness and efficiency of the framework. The internal control framework is designed to provide reasonable assurance against material misstatement or losses, manage risks of failure, safeguard assets against unauthorized use, ensure maintenance of proper accounting records and ensure compliance with applicable legislations and regulations. We aspire to comply with applicable laws and regulations in all material respects.

To ensure the professional competence and high ethical standards of our staff, a code of conduct (the Code) has been incorporated into the Staff Handbook, which all staff members are required to adhere to it strictly. The Code sets out ethical standards and values and covers various legal and regulatory issues relating to the prevention of bribery, acceptance of personal benefits and outside employment. Staff members are required to provide written confirmation of their compliance with the Code on an annual basis.

We attach great importance to communications with investors and the public at large. Our Annual Report contains comprehensive information on our business strategies and latest developments. Our website offers timely access to press releases and other business information. A hotline telephone system is also maintained in order to service enquiries from borrowers making use of the Mortgage Insurance Programme.