Felix Pinkston
Jan 21, 2026 04:47
HKMA and HKAB launch new banking guidelines targeting elderly customers and those with disabilities as Hong Kong advances its silver economy initiative.
Hong Kong’s banking sector is implementing new industry-wide standards for serving elderly and disabled customers, with the Monetary Authority and banking association jointly announcing the guidelines on January 21.
The Hong Kong Monetary Authority and Hong Kong Association of Banks unveiled two frameworks: the Guideline on Elderly-friendly Banking Services and an updated Practical Guideline on Barrier-free Banking Services. Both aim to standardize how banks accommodate customers who might struggle with increasingly digital-first services.
The elderly-focused guidelines establish eight core principles covering digital enablement, accessibility of basic services, physical branch distribution, staff training, and customer protection. Banks are expected to enhance financial literacy programs and help older customers adopt digital tools rather than simply pushing them toward branches.
Silver Economy Play
This isn’t just a feel-good initiative. The guidelines directly support Hong Kong’s silver economy push, which was outlined in the 2025-26 Budget. With the city’s population aging rapidly, financial services firms that successfully capture this demographic stand to gain significant market share.
“The HKMA expects banks to continue upholding the principle of treating customers fairly amid the development of digital services,” said Arthur Yuen, Deputy Chief Executive of the HKMA. The regulator wants banks to balance their digital transformation efforts with inclusive service for those who can’t or won’t go fully online.
Sun Yu, HKAB Chairman and Bank of China (Hong Kong) Vice Chairman, emphasized the collaborative approach: “The HKAB has worked closely with regulators and relevant stakeholders to proactively introduce related measures.”
Practical Implications
The barrier-free guidelines specifically address customers with physical, visual, and hearing impairments. Banks will need to assess their current service offerings against these new benchmarks, potentially requiring investment in accessibility features across both physical and digital channels.
The HKMA, which has overseen Hong Kong’s three-tier banking system since 1993, continues to push financial inclusion alongside its traditional mandates of monetary stability and Exchange Fund management. Just days before this announcement, the regulator issued warnings about fraudulent social media accounts impersonating HKMA officials—a reminder that protecting vulnerable customers extends beyond accessibility concerns.
Implementation timelines weren’t specified in the announcement, though banks typically receive transition periods for such regulatory expectations. The guidelines are issued by HKAB but carry HKMA endorsement, giving them significant weight in Hong Kong’s banking supervision framework.
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