HKMC Announces 2026 Interim Results Highlights

The Hong Kong Mortgage Corporation Limited announced its 2026 interim results highlights on October 26, 2026. The unaudited after-tax consolidated profit for the first half reached HK$3 billion, a significant increase from HK$53.3 million in the same period of 2025, with an adjusted after-tax profit of HK$1.083 billion. In the first half, the company completed the inaugural issuance of digital bonds denominated in Hong Kong dollars and offshore renminbi equivalent to approximately HK$12 billion, marking the first digital bond issuance by a public institution in Hong Kong and the largest digital bond issuance globally at the time. During the same period, new drawdowns under the mortgage insurance program amounted to HK$15.5 billion, and 3,528 new policies were signed for the annuity business, with total premiums of approximately HK$2.8 billion. As of June 30, 2026, the company's capital adequacy ratio was 18.6%, well above the 8% minimum requirement set by the Financial Secretary; the embedded value of the annuity business, calculated under the Insurance Ordinance, was approximately HK$30.1 billion. The application period for the 80% guarantee products has been extended to the end of March 2028, while the application period for the 90% guarantee products expired at the end of March 2026.

AI-generated from reports · 18 hr agoUpdated