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Insurance

Insurance
Stories about the insurance industry, including life, general, property and casualty insurance
Flags hang along Park Lane Shopper’s Boulevard in Tsim Sha Tsui on September 28, 2026, ahead of the golden week holiday. Photo: Kit Lai
Wealth management

Hong Kong banks set lures for golden week visitors despite new levies

Lenders are confident the mainland-related wealth business will remain a pillar for the industry regardless of Beijing’s tax crackdown.

Banking & finance

China bans online financial promos by private brokers to stop loan misuse

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Hong Kong stock market

Hong Kong stocks eye fresh inflows from mainland China’s insurers

Banking & finance

Mainland Chinese tax drive flags Hong Kong MPF accounts as offshore trusts

As Beijing tightens tax collection, some mainland residents who previously worked in Hong Kong are being asked to explain their MPF accounts.

China’s Ministry of Finance, along with the State Taxation Administration, issued detailed rules this year governing individual income tax on offshore trusts, with some Hong Kong MPF accounts now mistakenly caught up in the tax drive. Photo: VCG via Getty Images
Banking & finance

Hong Kong insurers forge tech alliances amid Beijing’s tightened tax rules

Among cross-sector tie-ups, Prudential partners with Alibaba Cloud, Manulife works with Ant Health and BOC Life joins hands with Deloitte.

Banking & finance

China’s capital injection a first step to easing financial strains: analysts

Capital boost strengthens buffers of financial institutions, but stronger fiscal support is needed to reignite credit demand, observers say.

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Banking & finance

China’s capital injection steels banks, insurers for rough road ahead

US$54 billion recapitalisation comes amid squeeze on commercial banks’ earnings and push for insurers to bolster the liquidity of Chinese stock markets.

Photo: Getty Images
Banking & finance

China pumps massive US$54b into insurers, banks in financial powerhouse push

The rare capital boost of such magnitude seeks to shore up insurers and banks as solvency pressures mount and regulatory demands loom.

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US-China relations

Opinion | US and China must team up to keep maritime trade routes free and safe

The Strait of Hormuz crisis shows neither state benefits when key waterways can become instruments of political pressure or economic coercion.

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Mainland China

China Life’s revenue surges as insurer plans deeper push into AI and biotech

Company pledges long-term support for tech-innovation after revenue jumps 81 per cent and net profit soars 228 per cent.

China Life has accelerated integration of new technologies into its business scenarios, according to the company. Photo: Getty Images
Banking & finance

Hong Kong expands AI sandbox with new projects spanning dozens of partners

Regulators select 36 use cases involving dozens of financial institutions and tech partners to test AI use in onboarding, payments, claims and customer service.

Hong Kong regulators are exploring the use of more autonomous AI agents across some services. Photo: Shutterstock
Hong Kong workers/labour rights

Letters | Hong Kong should study the mainland gig worker insurance model

Readers discuss labour protection for delivery riders, and a new era for India-Bangladesh relations.

IA

Prudential’s new business profit growth slows, US$300m share buy-back announced

New business profit increases 8 per cent to US$1.38 billion in first half as market braces for potential fall in number of mainland visitors.

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Banking & finance

Ping An eyes Hong Kong ETFs after nod on cross-border investment

China’s largest insurer downplays tax changes, shares positive outlook after reporting 36 per cent profit growth.

The impact of Beijing tax policy changes will be negligible, according to Ping An executives. Photo: Shutterstock
Ping An Insurance

Chinese insurer Ping An’s profit rises 36% on policy sales, investments

Earnings beat analysts’ estimates, with performance mainly driven by increase of new life policies and investment gains.

A logo of Ping An is seen outside a building in Shenzhen. Photo: Reuters
AIA

Mainland Chinese investors continue to buy insurance policies in Hong Kong: AIA

AIA sees value of new business rise 10 per cent year on year to record high of US$3.21 billion in the first half.

Hong Kong property

Prudential Hong Kong expands headquarters across Swire Properties’ towers

Company boosts office footprint despite insurance sector’s concerns over China’s tax clampdown.

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Banking & finance

Beijing urges mainland insurers to invest in Hong Kong-listed ETFs

Hong Kong’s status as global financial centre receives a boost as China’s financial regulator touts city’s exchange-traded funds.

Beijing has encouraged mainland insurers to invest in Hong Kong’s exchange-traded funds. Photo: Sam Tsang
Wealth management

Even Hong Kong’s rich expect to work past retirement age, survey says

More people plan to work longer and ‘blend work, family responsibilities and personal aspirations’, Manulife Hong Kong CEO says.

United States

Luigi Mangione pleads guilty in federal case, admits he killed insurance CEO

Resolving the federal case ⁠could allow Mangione to seek dismissal of state murder charges under New York’s double jeopardy law.

Hong Kong

Insurance Authority to prioritise broadening of regional clientele: CEO

In response to changes to mainland tax enforcement, Clement Cheung says city has to make itself ‘less vulnerable and more competitive’.

Newly reappointed Insurance Authority CEO Clement Cheung. Photo: Handout
Banking & finance

Hong Kong insurers to weather Beijing’s tax shift with 8-10% premium growth: S&P

Credit-rating agency says heightened scrutiny likely to create compliance hurdles, not destroy demand.

Insurance sales agents approach passers-by on Canton Road in Tsim Sha Tsui, Hong Kong. Photo: Eugene Lee
IA

Exclusive | Hong Kong to reappoint insurance regulator as industry braces for tough period

Insurance Authority CEO Clement Cheung will be reappointed on Friday to help industry navigate Beijing’s tax clampdown, sources said.

Gun violence in the US

Luigi Mangione expected to plead guilty in US CEO killing

Prosecutors will recommend he serve life in prison for the fatal shooting of UnitedHealth Group executive Brian Thompson.

Chinese offshore investment

Opinion | Beijing’s offshore insurance tax tests Hong Kong wealth management

While markets initially fell, more transparent cross-border oversight could strengthen the city’s credibility as a wealth management centre.

Hong Kong’s central business district. To mainland Chinese clients, Hong Kong insurance products also served as a long-term investment vehicle, a US dollar savings instrument and an estate planning tool. Photo: Reuters
HSBC

HSBC reshuffles insurance division after CEO’s surprise departure: internal memo

Two Asia-based executives will replace outgoing global insurance CEO Edward Moncreiffe, who has resigned, according to a company document.

A view of the HSBC Building in Central, Hong Kong. Photo: Karma Lo
Hong Kong property

Hong Kong property recovery faces new risk as Beijing widens offshore tax net

Potential taxation of offshore property income could curb mainland demand, while weaker insurance activity hits decentralised office markets.

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Banking & finance

Don’t panic: China says 20% offshore insurance tax does not target Hong Kong

Beijing urged the market not to overreact to the policy – which it stressed was not new – after reports of the tax triggered a sell-off in Hong Kong.

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