Hong Kong to review capital rules to boost insurers’ infrastructure assets
It also plans to attract enterprises to establish captive insurers locally.
Hong Kong will review the risk-based capital regime introduced in July, assessing capital requirements related to infrastructure investments to diversify insurance companies' asset allocations and encourage future investments.
It also plans to attract Mainland Chinese and international enterprises to establish captive insurers locally, reinforcing its status as a global hub for asset, wealth, and risk management.
Financial Services and Treasury Secretary Christopher Hui recently met with senior executives from Swiss Re Group and Zurich Insurance Group in Switzerland to discuss these developments and update them on Hong Kong’s latest initiatives.