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Story summary
- S&P Global Ratings projects Hong Kong life insurers will raise premiums by 8–10 percent over two years despite slower sales to Chinese customers.
- Premium growth follows a 33.7 percent jump, with mainland visitors accounting for 30 percent of new business.
- Hong Kong banks expect a fee-income decline, though diversified platforms should limit the impact.
- Beijing’s taxation bureau says recent scrutiny follows an existing rule, while CRS cross-border sharing has raised market anxiety.
