Beijing Urges Integration of Shenzhen, Hong Kong, Macao Insurance Markets

What’s new: A new set of guidelines issued by China’s top economic planner and commerce ministry urge relevant authorities to promote the integration of the insurance markets in Hong Kong, Macao and the wealthy southern metropolis of Shenzhen.

Financial and health authorities should ramp up their efforts to connect the insurance market of Shenzhen with those in the special administrative regions of Hong Kong and Macao, according to the guidelines released Wednesday by the National Development and Reform Commission and the Ministry of Commerce. The guidelines are part of a wider plan to push for reforms in the Guangdong province financial hub.