Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

TRENDING
TikTok Owner ByteDance Increasing Indian Operations: Reports
Trending in China: Good News For Street Vendors and Lovers of Street Food
Trending in China: Taiwan Pop Star Jay Chou Debuts on Mainland Social Media
LATEST
Trending in China: Banks Slash Red Tape to Verify ID, Receiving Both Cheer and Skepticism
Trending in China: Getting Rich Quick by Investing in Street Vendors
Swings and Roundabouts for Kingsoft Cloud as it Reports Both Strong Revenue and Widening Losses
Chinese Online Microlender Qudian Invests in Luxury Goods E-Retailer
Trending in China: Families Jump the Queue For Beijing Car License Plates, Setting Off Debate
Tesla Wannabe Xpeng Preparing for U.S. IPO: Report
Chinese Chipmaker SMIC Eyes $2.8 Billion From Shanghai Listing
Trending in China: Taiwan Pop Star Jay Chou Debuts on Mainland Social Media
Bilibili to Launch Satellite for Science Education Content
BYD Batteries to Power Ford Hybrid
Trending in China: Good News For Street Vendors and Lovers of Street Food
TikTok Owner ByteDance Increasing Indian Operations: Reports
Chinese Online Grocery Operation Dada Seeks $280 Million in U.S. IPO
NetEase Starts $2.6 Billion Hong Kong Secondary Listing
E-Retailer Mogu’s Sales Drop, Even as Livestreaming Makes Big Gains
Xiaomi Maintains Lead in India’s Smartphone Market, But Chinese Peers Catch Up
Didi Self Driving Unit Secures $500 Million in First Funding Round
Trip.com, Nio and Momo Take First-Quarter Revenue Hits
EHang to Trial Heavy Air Cargo Drones
Video Streamer Bilibili Plans to Issue $650 Million in Convertible Bonds
Regulators Seek to Link Hong Kong, Mainland Insurance Markets

By Liu Yanfei and Han Wei / Jun 12, 2019 02:45 AM / Finance

Moses Cheng Mo-chi. Photo: Caixin

Moses Cheng Mo-chi. Photo: Caixin

Regulators in Hong Kong stepped up studies on plans to better connect the city’s insurance market with that of the mainland under a broader plan to enhance financial connectivity in the Greater Bay Area, said Moses Cheng Mo-chi, chairman of Hong Kong’s Insurance Authority.

The Insurance Authority proposed allowing Hong Kong-registered insurance companies to open service offices in mainland cities in the Greater Bay Area and set up a special channel for the marketing, sale and processing of insurance products in the two markets, Cheng said.

The insurance connect program will be modeled on existing programs linking the bond and stock markets between Hong Kong and the mainland, Cheng said.

Financial connectivity is a major part of China’s ambitious plan to develop the Greater Bay Area to create a new regional financial and innovation hub around the Pearl River Delta.

Integration of insurance and wealth management markets is a key part of the plan for the area and are expected to kick off by 2022, said James Lau, Hong Kong’s secretary for financial services and the treasury, in February.

Share this article
Open WeChat and scan the QR code