Media OutReach
HKDPB announces key findings of “Hongkongers’ Sense of Security in Savings” Survey for eighth consecutive year
Hongkongers’ average monthly savings rise to a record HK$10,100, while parents with a habit of saving aim to set aside an average of HK$2.26 million per child to feel sufficiently secure
HONG KONG SAR – Media OutReach Newswire – 17 December 2025 – The Hong Kong Deposit Protection Board (HKDPB) has conducted its “Hongkongers’ Sense of Security in Savings” survey for the eighth consecutive year. According to the survey results of this year, the average monthly savings of Hongkongers have topped HK$10,000 for the first time, reaching HK$10,100, marking a 3% growth from last year and a new record since the survey began. More than 67% of respondents said that they had a habit of saving, similar to last year, while 75% put their money in savings accounts or time deposits with banks. The survey also reveals that more than 20% of respondents with a saving habit had set a yearly saving target of HK$279,000 on average. Another finding is that 89% of young respondents, aged 18 to 29, had a habit of saving, with 32% of them having set saving goals; both figures mark the highest rates across all age groups, showing that young people were particularly proactive about saving. Among respondents with a saving target, 54% were confident of meeting their goals. Nearly 40% of respondents who had a habit of saving said that their savings were intended to meet “unexpected needs” (37%), followed by “preparing for retirement” (31%).
In terms of Hongkongers’ “sense of security” as provided by their current savings, the score edged up to 54.3 marks from 53.5 last year, marking the highest in the past four years. About 76% of respondents rated their “sense of security” in savings at 50 marks or above, a slight increase of 2 percentage points from the previous year, while 16% rated it at 80 marks or above, similar to last year. The survey also shows that, to maintain their current living standards for one year, Hongkongers generally needed an average of HK$1.02 million in savings to gain a sufficient “sense of security”, close to last year’s HK$1.03 million.
Parents saving more actively with education as priority
An in-depth poll was conducted again this year, following a similar study in 2020, to analyse changes in saving habits among Hong Kong parents who had at least one child aged 10 or below. The results for this year reveal that nearly 80% of such parents had a habit of saving, about 3 percentage points higher than 2020. Each parent saved HK$12,100 on average a month, a significant increase of 40% from the HK$8,600 five years ago. Additionally, these parents perceived a need to maintain HK$1.16 million in savings on average to gain a sufficient “sense of security”, 14% higher than the HK$1.02 million recorded in the general public.
The survey also finds that 60% of parents were putting aside additional savings for their children. Their average target was an extra HK$2.26 million per child to gain a sufficient sense of security, in particular, for their educational expenses (77%), including “local studies” (66%) and “overseas studies” (27%). Their most common way of saving was through “opening bank accounts for children” (48%), followed by “purchasing savings insurance” (45%). More than 56% of parents said that they had encouraged their children to develop saving habits, primarily by “providing fixed pocket money to children” (29%) and “requesting children to save for their desired items” (22%).
Rising trends in Hongkongers’ savings awareness and parents’ early financial planning
Ms Connie Lau Yin-hing, SBS, JP, Chairman of the HKDPB, said, “We can see from the survey results that Hongkongers are keeping up a strong momentum in saving. Average monthly savings are at a new high; not only that, but more than 67% of the public consistently maintain saving habits. These findings show that savings is a vital source of ‘sense of security’. At the same time, a clearer trend has emerged among the public to adopt prudent and stable saving methods, such as bank deposits. Another finding is that 89% of young respondents, aged 18 to 29, have a habit of saving, with 32% of them having set saving goals; both figures mark the highest rates across all age groups, showing that young people are particularly proactive about saving. Additionally, the Deposit Protection Scheme (DPS) automatically provides up to HK$800,000 statutory protection for each depositor, helping everyone save with more confidence.”
Ms Lau further stated: “As the saying goes, ‘Raise a child for a hundred years, and worry for ninety-nine.’ This survey confirms that raising the next generation plays an important role in parents’ financial planning. For example, compared to five years ago, parents now are saving more actively, significantly increasing the amount they save. Coupled with their ‘sense of security’ savings needs, the overall amount is also higher than that of the general public. As for financial education for children, parents often play a key role. The survey also reflects that many parents are cultivating good savings habits in their children. We hope that through the HKDPB’s diverse public awareness campaigns and community education activities, the public will further recognise the importance of saving. At the same time, the DPS will continue to safeguard everyone’s bank deposits, providing robust deposit protection so that all can save with peace of mind.”
Other highlights of the survey results:
- Regular savers made up 89% of respondents aged 18 to 29, with 32% of them having set saving targets for the year; both statistics were the most among all age groups, indicating young people’s commitment to saving. They saved HK$10,900 on average per month, 8% higher than the general public and also scored 56.9 marks on their “sense of security” regarding savings, ranking second among all age groups.
- Respondents aged 30 to 39 topped the list of yearly saving targets by averaging HK$369,000, the highest among all age groups and also 32% more than the general public.
- Respondents aged 40 to 49 saved the most per month, averaging HK$11,900 per person, which was 18% higher than the general public, showing the strongest saving capacity across all age groups.
- Respondents aged 50 to 59 perceived savings of HK$1.33 million as being necessary for a sufficient “sense of security”, topping all age groups. It is believed that members of this age group are starting to prepare for retirement and thus need more savings for peace of mind.
Based on returns submitted by Scheme members of the DPS, i.e., licensed banks in Hong Kong, the aggregate amount of relevant bank deposits under DPS protection reached HK$3,492 billion in 2024. According to the statistics provided by Scheme members, more than 92% of depositors were fully covered by the DPS.
The HKDPB commissioned the Hong Kong Institute of Asia-Pacific Studies (HKIAPS) at the Chinese University of Hong Kong (CUHK) to conduct the “Hongkongers’ Sense of Security in Savings 2025” survey. From 1 September to 2 October 2025, the survey randomly selected and polled a total of 1,047 Hongkongers aged 18 or above by telephone, then carried out a more in-depth study on a total of 301 Hong Kong parents with at least one child aged 10 or below.
Hashtag: #HKDPB
The issuer is solely responsible for the content of this announcement.
About Hong Kong Deposit Protection Board
The Hong Kong Deposit Protection Board is a statutory body established under the Deposit Protection Scheme Ordinance to oversee the operations of the Deposit Protection Scheme. The objectives of the Scheme are to protect depositors and to help maintain the stability of Hong Kong’s banking system (
www.dps.org.hk).
Media OutReach
CUKTECH Officially Launches Its Online Store in Indonesia, Expanding Charging Technology Presence in Southeast Asia
CUKTECH focuses on the development of power and charging solutions, with a product portfolio that includes power banks, charging cables, wall chargers, and car chargers. Product development emphasizes charging efficiency, safety standards, and long-term reliability, addressing everyday usage scenarios involving smartphones, tablets, laptops, and other connected devices. The brand’s solutions are designed to support increasingly common multi-device lifestyles, including mobile work and frequent travel.
Prior to the launch of the official online store, CUKTECH operated in Indonesia mainly through third-party distribution channels, resulting in limited product availability. With the establishment of an official channel, the company is gradually introducing a more complete product lineup to the Indonesian market, aligning local availability with that of other Southeast Asian markets such as Vietnam, Malaysia, and the Philippines.
According to the company, the official online store serves as a centralized platform for presenting product specifications, technical features, and launch updates in a consistent manner. This approach is intended to improve transparency and accessibility for consumers while supporting a more structured, long-term market strategy in Indonesia.
Looking ahead, CUKTECH plans to continue expanding its product portfolio in Indonesia, introducing additional products to address evolving local usage needs. Future launches will focus on scenarios such as multi-device charging, mobile productivity, and daily commuting, reflecting changing consumer behavior.
This market-oriented approach aligns with CUKTECH’s brand philosophy, “In somewhere, For somewhere,” which emphasizes adapting products and solutions to the specific needs of each market rather than applying a uniform global model.
Updates on product launches, brand developments, and the official online store can be found through CUKTECH’s official social media channels on Instagram and TikTok:cuktech_id
https://www.tokopedia.com/cuktech-official-store
https://shopee.co.id/shop/1748675224
Hashtag: #CUKTECH
The issuer is solely responsible for the content of this announcement.
Under the partnership structure, Green SM provides the technology platform, all-electric vehicle fleet, operational standards, and driver development system, while Taksi Komotra contributes its established local expertise and network across Bali. The collaboration integrates electric mobility technology with on-the-ground operational capabilities to deliver a scalable, governance-driven transportation model.
Operations in Bali are implemented under Green SM’s “5 Green Promises” service commitment framework. Established as a foundational operating standard since the company’s inception, the framework ensures that each ride delivers an excellent customer experience, professional drivers, high-quality and safe vehicles, fair and transparent pricing, and a meaningful contribution to environmental sustainability.
The service operates an all-electric fleet that produces no exhaust emissions or fuel combustion. All vehicles are maintained under strict technical and safety protocols to ensure consistent service performance while contributing to cleaner air and quieter urban environments.
A central pillar of the launch is the Green SM Driver ecosystem. Drivers are positioned as professional green mobility ambassadors guided by five core values: Respect, Professionalism, Dedication, Discipline, and Competitive Income with Stable Career Pathways. Structured training, transparent earnings mechanisms, and disciplined service governance aim to elevate driving into a respected profession while maintaining safety and reliability as foundational standards. This framework aligns income stability with environmental responsibility, reinforcing the role of drivers in supporting Bali’s sustainable tourism trajectory.
The launch comes amid rising mobility demand driven by tourism growth and daily transportation needs across the island. The Indonesia Tourism Outlook 2025 report notes a sustained shift toward environmentally responsible travel, underscoring the relevance of electric mobility in long-term development planning. According to projections from Indonesia’s National Development Planning Agency (Bappenas), green employment nationwide is expected to reach 4.8-5.3 million by 2029, reflecting the broader economic potential of sustainable industries.
Mr. Deny Tjia, Managing Director of Green SM Indonesia, said: “The partnership with Taksi Komotra reflects our long-term commitment to building a high-quality, well-governed mobility ecosystem in Indonesia. By combining electric vehicles with professional driver development and clear operational standards, we aim to support Bali’s sustainable tourism ambitions while delivering safe, reliable, and comfortable rides for the community.”
H. Hasbi, Chairman of Koperasi Komotra, said: “We are proud to partner with Green SM to introduce electric taxis in Bali. Electric mobility will become part of the new standard for tourism and daily transportation on the island, and this collaboration helps us better serve local residents and visitors while preparing for the future of sustainable transport.”
The Bali launch marks another strategic milestone in Green SM’s expansion in Indonesia, following earlier operations in key markets including Jakarta, Makassar, Bekasi, and Surabaya. In these cities, the service has been positively received by local residents and international visitors alike, who value its clean electric fleet, professional drivers, and structured safety standards that enhance travel confidence.
With its growing presence across the country, Green SM continues to build a scalable electric mobility ecosystem that balances environmental responsibility, service excellence, and inclusive economic growth.
Hashtag: #GreenSM
The issuer is solely responsible for the content of this announcement.
About GSM and Green SM
GSM (Green Smart Mobility) is the world’s first company to operate a fully electric ride-hailing service across multiple platforms. As a pioneer in sustainable transportation, GSM has laid the foundation for a cleaner, smarter, and more responsible mobility model powered entirely by VinFast electric vehicles. Founded by Vingroup Chairman Pham Nhat Vuong, GSM is committed to building a future-ready mobility ecosystem while promoting more environmentally conscious lifestyles in markets that are rapidly embracing sustainability.
Green SM is GSM’s official global brand, representing the company’s vision and values in every market it serves. In Southeast Asia, the brand operates as Green SM in Indonesia, Xanh SM in Vietnam and Laos, and Green GSM in the Philippines. Across all markets, the service consistently delivers a modern travel experience through VinFast electric vehicles, professional drivers, and a service culture that prioritizes safety and passenger comfort.
Green SM symbolizes progress toward a future where technology, people, and the environment move forward in harmony. Beyond providing zero-emission transportation, the brand is also committed to fostering environmentally aware communities in every market where it operates.
About Taxi Komotra
Taksi Komotra Bali is part of the Koperasi Mobil Transport Bali, which was established in 1993 under its original name, KOMITRA Bali. In 1996, the cooperative officially changed its name to KOMOTRA Bali and has continued to grow as one of Bali’s local transportation operators.
Today, Taksi Komotra Bali manages two core transportation services: rural bus services and taxi operations. For more than three decades, Komotra Bali has remained committed to providing safe and reliable transportation while supporting local mobility and the tourism sector across the Island of the Gods.
Launched on February 14, the “Chinese Folk Music Odyssey” featured seven major concerts alongside a series of academic and grassroots cultural exchanges. The tour served as a high-level dialogue between the traditional heritage of China’s Jiangnan region and the classical musical heartlands of Europe.
The tour opened at the Centre for Fine Arts in Brussels, where a capacity crowd of 2,000 experienced the vibrant Spring Festival Overture. The ensemble presented a “Chinese Music Feast,” using traditional instruments to paint an auditory “Jiangnan Scroll” of southern Chinese life. In a poignant finale, Chinese fiddles joined forces with local keyed violins to perform the classic Horse Racing. The fusion of Eastern and Western strings brought tears to the eyes of the Chinese diaspora and earned standing ovations from local attendees.
“The melodies possess both natural charm and profound cultural heritage,” noted Belgian music critic Philippe, following six curtain calls. “It is a truly borderless musical exchange.”
Beyond the concert halls, the group engaged with European pop culture in the heart of Brussels’ Comic Strip district. A “flash mob” titled Tintin’s Encounter with Jiangnan Music saw musicians performing alongside iconic murals of Tintin, engaging local youth and residents through social media-friendly cultural interaction.
The journey continued through Germany’s elite venues, including Hamburg’s Elbphilharmonie and the Tonhalle Düsseldorf, showcasing the technical precision of Chinese folk orchestration. In the Austrian Tyrol, the tour took an improvisational turn as Wuxi musicians performed alongside local artists against the backdrop of the Alps, a live demonstration of the “beauty without borders”.
The tour concluded on February 26 in Vienna, where the ensemble hosted the “Dreamy Jiangnan” cultural salon at the Wiener Konzerthaus. The event paired musical performances with an interactive exhibition of Wuxi’s intangible cultural heritage, featuring traditional embroidery and clay figurines. The delegation also visited the University of Music and Performing Arts Vienna for the “Jiangnan Charm, Harmonious Resonance” China-Austria Music Exchange event. Through a series of academic dialogues with faculty and students, both sides engaged in a meaningful cultural encounter. These interactions went beyond simple performances, significantly deepening mutual understanding and strengthening the musical ties between East and West.
By integrating the “Voice of China” into the “World Symphony,” the Wuxi Cultural Exchange Group has opened a new chapter in Wuxi’s enduring musical engagement with the world.
Hashtag: #WuxiInformationOffice
The issuer is solely responsible for the content of this announcement.
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