香港信贷2026年报

CONTENTS Corporate Information2Management Discussion and Analysis4Corporate Governance Report17Environmental, Social and Governance Report45Directors and Senior Management79Report of the Directors82Independent Auditor’s Report92 Consolidated Statement of Comprehensive Income99Consolidated Statement of Financial Position100Consolidated Statement of Changes in Equity102Consolidated Statement of Cash Flows103Notes to the Consolidated Financial Statements104Schedule of Investment Properties189Five-year Financial Summary190Glossary191 CORPORATE INFORMATION DIRECTORS AND BOARD COMMITTEES Directors Executive Directors Chan Koung NamChan Kwong Yin William(Chairman)Tse Pui To(Chief Executive Officer)Chan Siu Ching Wong Kai Man Independent Non-executive Directors Chu Yat Pang TerryCheung Kok CheongWong Kai Man Wong Kai Man BOARD COMMITTEESAudit Committee Chu Yat Pang Terry(Chairman)Cheung Kok CheongWong Kai Man Remuneration Committee Chu Yat Pang Terry(Chairman)Chan Koung NamCheung Kok Cheong Nomination Committee 202622Wong Kai Man202622 Chan Kwong Yin William(Chairman)Chu Yat Pang TerryCheung Kok CheongChan Siu Ching(appointed on 2 February 2026)Wong Kai Man(appointed on 2 February 2026) COMPANY SECRETARYHui Chun Ho Eric REGISTERED OFFICE Cricket Square, Hutchins DriveP.O. Box 2681Grand Cayman, KY1-1111Cayman Islands Cricket Square, Hutchins DriveP.O. Box 2681Grand Cayman, KY1-1111Cayman Islands CORPORATE INFORMATION HEADQUARTERS ANDPRINCIPAL PLACE OF BUSINESS 89343410 Unit 3410, 34th Floor,Tower II Lippo Centre89 QueenswayAdmiraltyHong Kong PRINCIPAL BANKERS DBS Bank (Hong Kong) LimitedBank of China (Hong Kong) Limited LEGAL ADVISORS Conyers Dill & Pearman (Cayman) Limited As to Hong Kong law:Cheung & Choy Solicitors & NotariesAs to Cayman Islands law:Conyers Dill & Pearman (Cayman) Limited AUDITOR •2025102420251024 Deloitte Touche TohmatsuCertified Public AccountantsRegistered Public Interest Entity Auditor(appointed with effect from 24 October 2025)PricewaterhouseCoopersCertified Public AccountantsRegistered Public Interest Entity Auditor(resigned with effect from 24 October 2025) PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE IN CAYMAN ISLANDS Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins DriveP.O. Box 2681Grand Cayman, KY1-1111Cayman Islands Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins DriveP.O. Box 2681Grand Cayman, KY1-1111Cayman Islands BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE IN HONG KONG 3382333301-04 Union Registrars LimitedSuites 3301-04, 33/F.Two Chinachem Exchange Square338 King’s RoadNorth Point, Hong Kong 1273 STOCK CODE1273 www.hkfinance.hk MANAGEMENT DISCUSSION AND ANALYSIS BUSINESS REVIEW AND INDUSTRY OVERVIEW Our Group primarily operates in the money lending sector, specialisingin providing loans to property owners in Hong Kong under the MLO.Our core business revolves in secured property mortgage loans. Wealso diversify our services by providing unsecured property owner loansproducts to property owners, aiming to expand our presence in variousmoney lending market segments and enhance our overall interest margin.We offer our loan products under our widely recognised brand name“Hong Kong Finance”. Macroeconomic and Market Overview 2026331(CCL)11.3%20253136.8152.3 During the year ended 31 March 2026, Hong Kong’s macroeconomicenvironment demonstrated encouraging signs of recovery. Followingthe interest rate adjustments implemented by the Hong Kong MonetaryAuthority and local commercial banks in alignment with the monetaryeasing stance of the U.S. Federal Reserve, the domestic residentialproperty market experienced a noticeable revival in both capital valuesand transaction volumes. Notably, the Centa-City Leading Index (CCL)staged an 11.3% rebound, ascending from 136.8 in late March 2025 to152.3 by the end of the reporting period. Concurrently, global and localequity markets exhibited remarkable resilience and upward momentum,with major U.S. indices repeatedly reaching historic highs. While domesticconsumer sentiment remained cautious, overall market confidencemaintained a progressive, recovery-oriented trajectory. Operational Review and Risk Management (LTV) In navigating this evolving macroeconomic landscape, the Groupadhered to a prudent yet agile operational strategy, balancing stringentrisk management with tactical growth. To proactively capitalize on theemerging opportunities arising from the market recovery, the Groupstrategically expanded its money lending business while maintainingits commitment to asset quality. We reinforced our rigorous creditunderwriting standards, maintained conservative loan-to-value (LTV)ratios, and enhanced our overarching risk management framework toensure the sustainability of our portfolio’s yield. Throughout the year, theGroup prioritized the proactive monitoring of our borrowers’ credit profilesand debt-servicing capabilities. Pre-emptive credit actions, includingthe strategic r