A significant shift is on the horizon for Hong Kong's aging population, with more than a third of boomers intending to retire outside of Hong Kong and Macau.

Recent data from a study commissioned by HSBC Life reveals that half of those planning to relocate to cities in the Greater Bay Area (GBA) are worried about navigating obstacles related to cross-border health insurance claims.

An alarming 41% of respondents voiced concerns over the lack of synchronization in medical records between regions, highlighting a potential barrier to receiving proper healthcare.

The study, which surveyed 1,003 individuals aged 40 to 70, also uncovered that while retiring abroad appeals to many, a whopping 65% of these boomers are eyeing mainland cities within the GBA as their preferred destinations.

Financially, the findings are sobering: 40% of participants reported allocating a substantial portion—over one-third—of their retirement budgets to support their families.

Moreover, an astonishing 93% of them are anxious that these familial obligations may jeopardize their retirement plans, particularly in covering medical expenses for aging parents.

As Hong Kong's boomers grapple with these pressing issues, the future of their retirement looks more complicated than ever. Will they find the support they need in the GBA, or will cross-border hurdles derail their golden years?