28 February 2024
The 2024-25 Budget delivered by the Financial Secretary today (28 February 2024) touches upon specific work being carried out to promote Hong Kong as a captive domicile and an insurance-linked securities (ILS) issuance hub.
Mr Stephen Yiu, Chairman of the Insurance Authority (IA), said, “We welcome the 2024-25 Budget and are ready to provide sophisticated risk management solutions for large corporations with a global footprint. In parallel, the IA will sustain efforts to promote Hong Kong as a platform for issuance of ILS and a conduit for international investors to gain access to the Mainland market, in particular the Guangdong-Hong Kong-Macao Greater Bay Area.”
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