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Manulife

Manulife
Manulife Financial Corporation is Canada’s largest insurer and a leading international financial services provider. With its global headquarters in Toronto, Canada, it provides financial advice and insurance.
The headquarters of the People’s Bank of China in Beijing, September 30, 2022. Photo: Reuters
Mainland China

PBOC pledges further opening-up to foreign financial institutions

PBOC governor Pan Gongsheng vows to promote ‘high-level financial opening-up’ in meeting with foreign banks and investment firms.

Banking & finance

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

What to do in Hong Kong

5 of the best things to do in Hong Kong this weekend, September 4-6

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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.

The percentage of Hongkongers expecting to work past retirement age is higher than in Singapore and mainland China, but lower than in Japan. Photo: Karma Lo
Banking & finance

Shifting priorities: how affluent buyers fuel Hong Kong’s record insurance sales

Mainland China and overseas wealth, alongside family offices, is driving insurance demand in the city to new highs.

Hong Kong economy

Hong Kong’s war-risk pool testament to collaboration, insurance leader says

Five local insurers built marine war-risk pool to address uncertainties over unstable conditions in the Middle East.

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Hong Kong economy

SCMP’s China Conference to debut in Astana this September

Esteemed China Conference series in Kazakh capital will highlight opportunities in fast-growing Central Asia.

SCMP publisher Tammy Tam says the event in Astana will enable participants to explore new opportunities. Photo: Jonathan Wong
The China Conference will be held in Astana, Kazakhstan's capital. Photo: Getty Images
SCMP publisher Tammy Tam (second left), Chief Executive John Lee (fifth from right) at a business luncheon in Astana, Kazakhstan. Photo: ISD
Banking & finance

Hongkongers aim for self-sufficient old age, but survey finds ‘readiness gap’

90 per cent say financial independence a priority, but only 52 per cent investing to fund retirement and care needs.

Banking & finance

Hong Kong’s record insurance sales risk cooling under cross-border capital curbs

Insurers brace for impact from stricter cross-border rules, with the Insurance Authority stepping up oversight of mainland visitor purchases.

Banking & finance

Manulife, HSBC, Barclays lead big finance firms’ AI adoption in Hong Kong

Financial Secretary Paul Chan Mo-po launched an AI+ strategy in this year’s budget speech to promote AI applications in the banking sector.

Financial Secretary Paul Chan Mo-po launched an AI+ strategy in this year’s budget to promote AI applications in the banking sector. Photo: Eugene Lee
Hong Kong racing

Bowman hopes Storm Rider can rise to the occasion in the Million Challenge finale

Regal Gem, King Miles, Helene Feeling, Romantic Son and Silvery Breeze are the other five in contention for the lucrative bonus.

Storm Rider after his most recent Happy Valley win. Photos: Kenneth Chan
Hong Kong racing

Lor eyes DBS x Manulife Million Challenge glory with Regal Gem at Happy Valley

Veteran trainer hopes his progressive galloper can take advantage of light weight and deliver owners a HK$1 million bonus.

Hong Kong racing

In-form Hayes rings up 700th HK win in emotional Happy Valley double

China Win and Romantic Son both carried the famous Lindsay Park Racing silks to success at the city circuit.

Insurance

AXA becomes second insurer to redomicile from Bermuda to Hong Kong

At least three other local insurers, including local unit of Canada’s insurer Sun Life, are planning the same move, industry players say.

An advertisement for French insurer AXA is seen on a building in Hong Kong on February 27, 2018. Photo: Getty Images
Insurance

Wealthy investors propel Hong Kong life insurance sales to another peak

The industry wrote US$34 billion worth of life policies in the first nine months of last year.

An insurance sales agent approaches mainland tourists in Canton Road, Tsim Sha Tsui. Photo: Eugene Lee
Banking & finance

Hong Kong authority presses banks to shape up services for seniors

The monetary authority requires lenders to improve banking apps, branch premises and sales processes to suit the city’s ageing population.

Hong Kong economy

Number of registered companies in Hong Kong reaches record 1.56 million in 2025

According to Companies Registry, 195,343 were newly registered local and redomiciled firms, while 99,406 dissolved over the same period.

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Insurance

Manulife becomes first insurer to redomicile in Hong Kong

Move from Bermuda ‘reflects our deep-rooted belief in Hong Kong’s future and its importance to our business,’ Hong Kong and Macau CEO says.

Patrick Graham, CEO of Manulife (International) Hong Kong and Macau, photographed in Ngau Tau Kok on June 3, 2024. Photo: Xiaomei Chen
Banking & finance

Ageing Hong Kong opens new frontiers for insurers, pensions and cross-border care

As Hong Kong rapidly ages, more are buying insurance and pension products, while others are heading to the mainland for medical treatment.

Insurance

Hong Kong insurers move to help fire victims claim payouts on 12,000 policies

Insurance Authority confirms 12,000 policies impacted, with payouts spanning life, medical, property and accident coverage.

Insurance

Hong Kong insurers identify 8,700 policies owned by Tai Po fire victims

Residents of Wang Fuk Court hold 7,600 active life and 1,100 property policies provided by some 30 insurers, Insurance Authority CEO says.

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Mourners lay flowers in tribute to the victims of the fire that broke out on November 26 at Wang Fuk Court in Tai Po. Photo: Karma Lo
Banking & finance

Hong Kong life insurance sales hit record high on high-net-worth demand

Policy sales rose 50 per cent in the first half of the year to US$22.3 billion, the most since the Insurance Authority was set up in 2016.

Last year, mainland visitors spent HK$62.8 billion to buy life policies in Hong Kong, representing 28.6 per cent of overall sales. Photo: Shutterstock
Banking & finance

PetroChina unit first to reincorporate in Hong Kong under re-domiciliation law

Redomiciling to Hong Kong will help streamline its corporate structure and enhance operational efficiency, PetroChina Investment unit says.

Hong Kong economy

Editorial | Firms redomiciling in Hong Kong can only be good for business

Legal changes have made it easier for firms to redomicile in Hong Kong without changes to their operations. That is a good business move.

Insurance

Hong Kong regulator puts a 50% cap on referral fees for insurance sales

The new regulation addresses a grey area where some brokers pay 90 per cent of commission as referral fees to unlicensed persons.

The Hong Kong Federation of Insurers sees the new regulation as part of a broader move to enhance professionalism, transparency and consumer protection. Photo: Shutterstock
Hong Kong society

Hong Kong’s Pink Dot to hold online concert after bid to hire Art Park rejected

Concert will be held between 3pm and 6pm on November 2, featuring a slew of local celebrities and artists.

Pink Dot HK 2024 was held in the West Kowloon Cultural District. Photo: Sam Tsang
Banking & finance

HSBC opens wealth centre in ICC, in boost to Hong Kong’s office rental market

Centre is located on the 99th floor of the ICC and it is HSBC’s largest wealth management office globally.

Mandatory Provident Fund (MPF)

Hong Kong’s eMPF could save US$6.5 billion for members in 10 years: regulator

Biggest MPF trustees – AIA, Sun Life, Manulife and HSBC – start move to the electronic platform from this week until the end of the year.

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