::: Treasury Markets Association :::

Reverse Mortgage, retirement planning and beyond

Speaker:	Mr Raymond Li, CEO, Hong Kong Mortgage Corporation
Venue:	Rm 5501, 55/F, IFC II, 8 Finance Street, Central, Hong Kong
Date & Time:	5:30 pm - 6:30 pm 8 March 2016 (Tue)
CPD:	1
This Education programme is FULL. Back to the previous page

The Reverse Mortgage Programme is launched by The Hong Kong Mortgage Corporation Limited (HKMC) to encourage banks to offer reverse mortgage loans to people aged 55 or above. A reverse mortgage is a loan arrangement. It enables a borrower to use his residential property in Hong Kong as security to borrow from a participating bank. The borrower remains as the owner of the property and can continue to stay in the property for the rest of life.

We are delighted to have invited Mr. Raymond LI Ling Cheung, Executive Director & Chief Executive Officer,The Hong Kong Mortgage Corporation Limited, to share with members on Reverse Mortgage, retirement planning and beyond. Mr. Li will cover how the product can be useful not only for normal homeowner, but also for professionals to achieve various financial objectives such as retirement planning, risk management and estate planning etc.

Raymond Li is a Senior Executive Director of the Hong Kong Monetary Authority (HKMA). He was seconded to the Hong Kong Mortgage Corporation as its Executive Director and Chief Executive Officer. Mr Li joined the Hong Kong Government as an Administrative Officer in 1982 and became Principal Assistant Secretary (Monetary Affairs) in 1990. He joined the HKMA in 1993 and took up various posts since then. His projects included interest rate deregulation, financial disclosure by authorized institutions, property lending and mortgage policies, supervisory framework for stored value cards and money brokers, electronic banking, market risks, year 2000 issue, and money laundering. He was responsible for the establishment of the deposit protection scheme and the credit referencing infrastructure of Hong Kong. Before being seconded to the HKMC in January 2013, he was Director-General (Enforcement) of the HKMA.

TMA Individual Members are entitled to receive 1 CPT (TMA) credits upon completion of the seminar. TMA is a recognized institution for providing continuous professional training (CPT) of the Securities and Futures Commission (SFC). The CPT hours can be used to meet CPT requirements of the SFC. TMA Office will update your CPT record with the TMA (i.e. your CPT record as a TMA Individual Member) after the seminar is held.