Hong Kong
Hong Kong to roll out insurance lifeboat scheme
Policyholders in Hong Kong will be protected for the first time should their insurer become insolvent if plans to introduce a mandatory industry-funded compensation scheme come to fruition.
Hong Kong budget targets major financial service growth
Hong Kong will make a major push to diversify its financial services and insurance industries through a HK$500m cash injection into bond market development, fintech, green finance and a training academy, the finance secretary outlined in the budget on Tuesday.
Credit Suisse fined in Hong Kong
Hong Kong’s regulator has fined and reprimanded Swiss wealth manager Credit Suisse for internal control failures and selling unsuitable products.
Swiss and HK sign wealth management deal
Switzerland and Hong Kong have signed a trio of deals to strengthen financial services between the jurisdictions.
MetLife joins insurers offloading Hong Kong businesses
US-headquartered MetLife is following in the footsteps of its international rivals by looking to sell its Hong Kong insurance unit, according to media reports.