{
  "id": 1614836,
  "title": "Even the rich in Hong Kong expect to work past retirement age, survey says",
  "url": "https://urgent.news/2026/08/18/even-the-rich-in-hong-kong-expect-to-work-past-retirement-age-survey",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-18T02:00:21.000Z",
  "source": {
    "name": "SCMP Business",
    "slug": "scmp-business",
    "url": "https://www.scmp.com/business/article/3364316/even-rich-hong-kong-expect-work-past-retirement-age-survey-says"
  },
  "original_language": "en",
  "account": "A recent survey by Manulife revealed that a significant portion of Hong Kong's wealthy population expects to continue working beyond traditional retirement age. Out of 1,000 high-net-worth individuals surveyed, 58% anticipated working past retirement, with 32% planning to work for five to ten years past it, and another 26% hoping to work as long as possible. Hong Kong, unlike many other countries, does not have an official retirement age, although many companies require employees to retire at 60 or 65.\n\nWilton Kee Wing-tao, CEO of Manulife Hong Kong and Macau, explained that Hong Kong's affluent are moving away from the notion of a single, fixed retirement. Instead, they are preparing for multiphase lives that intertwine work, family responsibilities, and personal aspirations.\n\nAmong the 11 Asia-Pacific markets surveyed, Hong Kong had the highest percentage of wealthy individuals expecting to work five to ten years beyond retirement age. This figure was lower in mainland China (27%) and Singapore (32%) but higher than in Japan (37%). As people's retirement expectations evolve, they are also adjusting their investment strategies. Two-thirds of respondents stated they were redesigning their portfolios to support a more flexible lifestyle, rather than adhering to a fixed retirement date.\n\nThe survey, conducted in April and May, aimed to understand how this demographic navigates the complexities of maintaining wealth across generations. Among the 11 markets surveyed, Hong Kong's wealthy families were the most pessimistic about the next generation's ability to manage family wealth, with 41% lacking confidence in their offspring. Additionally, more than half of Hong Kong respondents had not yet involved their future heirs in wealth planning discussions.\n\nAccording to official data, 22% of Hong Kong's 7.5 million residents in 2024 were 65 and above, and projections suggest this age group will comprise 31% of the population by 2036. Those planning to retire at a fixed age need to accumulate a substantial lump sum by retirement. For instance, a woman retiring at 65 and living to 90 would require HK$5.4 million (US$688,000), while a man with the same retirement age and lifespan would need at least HK$4.6 million (US$587,000).",
  "summary": "Wealthy Hongkongers now invest in a way that shows they do not have a fixed retirement age in mind, as most of them expect to work longer than their parents, according to a survey. Some 58 per cent of high-net-worth individuals in Hong Kong expected to work beyond retirement age, with 32 per cent anticipating they would work five to 10 years past it and another 26 per cent assuming they would…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "SCMP Business",
        "title": "Hong Kong tax reforms for treasury centres will lure multinationals, mainland firms: PwC",
        "url": "https://urgent.news/2026/08/17/hong-kong-tax-reforms-for-treasury-centres-will-lure-multinationals",
        "published": "2026-08-17T00:16:57.000Z"
      },
      {
        "outlet": "New Straits Times",
        "title": "Shein eyes company valuation of around US$25bil in Hong Kong IPO",
        "url": "https://urgent.news/2026/08/17/shein-eyes-company-valuation-of-around-us-25bil-in-hong-kong-ipo",
        "published": "2026-08-17T07:29:56.000Z"
      },
      {
        "outlet": "Quartz",
        "title": "Shein's Hong Kong IPO valuation has plunged to a quarter of its 2022 peak",
        "url": "https://urgent.news/2026/08/17/sheins-hong-kong-ipo-valuation-has-plunged-to-a-quarter-of-its-2022",
        "published": "2026-08-17T13:30:44.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Shein targets $26-27 billion valuation in Hong Kong IPO - report",
        "url": "https://urgent.news/2026/08/17/shein-targets-26-27-billion-valuation-in-hong-kong-ipo-report",
        "published": "2026-08-17T15:09:11.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}