HKMC explores Greater Bay Area retirement home tie-ups for senior residents
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Executives of HKMC, which is owned by the Hong Kong government, visited the Greater Bay Area cities of Shenzhen and Guangzhou recently to study retirement home operations, said Daniel Leong Ling-chi, CEO of HKMC Annuity, on Thursday.
'We are exploring cooperation opportunities with our retirement home partners so that the senior citizens who have bought our public annuity policies can use their monthly payments to use the facilities,' Leong said. No concrete deals have been made yet, he added.
HKMC CEO Colin Pou Hak-wan said they were also looking into whether the retirement homes would accept monthly payments from its annuity scheme holders as well as special deals.
03:31
Ageing Japan turns to AI robots to care for the elderly
Ageing Japan turns to AI robots to care for the elderly
'The public annuity scheme is very popular and some annuity-scheme holders have expressed an interest in living in the Greater Bay Area due to its cheaper cost of living,' Pou said. 'We are thinking of the next step on how to help senior citizens better use their annuity payments to support their lives after retirement.'
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