Reported 1 day ago
Major banks and insurers in Hong Kong, including BOC Life, HSBC, and Manulife, are focusing on expanding their services for the elderly as the population aged 65 and above makes up 22% of residents. With life expectancy rising significantly, there is an increasing demand for retirement planning and wealth transfer solutions. Companies are introducing innovative products to cater to this demographic, including enhanced withdrawal options for retirement funds and healthcare solutions, aiming to meet the changing financial needs of seniors.
Source: YAHOO