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Hong Kong insurance license popular - Guide for mainland companies to apply to acquire Hong Kong insurance brokerage companies

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Securities Times reported on November 16 that the mainland has not issued new insurance company licenses since February this year.。Some of the listed companies that have announced plans to get involved in the insurance industry in the past two years have chosen to exit this year.。A new phenomenon is,Transactions to acquire insurance licenses in Hong Kong are increasing。this year,Mainland capital’s acquisition of insurance licenses in Hong Kong is accelerating,Some transactions amount to tens of billions of Hong Kong dollars,and encountered fierce bidding。

Some people familiar with the two places said,Hong Kong’s insurance regulatory environment、policy

Advantages

and market freedom are the main reasons why mainland capital is optimistic about the value of Hong Kong insurance licenses。


About Hong Kong Xintong

Hong Kong Xintong focuses onHong Kong Securities and Futures Commission licenseHong Kong Insurance Broker LicenseHong Kong MSO Licenseandmoneylenders licenseApply for service,Assist customers to applyUS MSB license、NFA、RIA、Canadian MSB license、Mainstream overseas financial licenses such as Australia and Mexico,Support enterprises to achieve compliance expansion of cross-border financial business。Also availableCayman Islands Offshore Company Registration、Offshore fund establishment and global compliance operations and other services,Help enterprises expand their presence in international markets。Provide one-stop compliance solutions for enterprises。To learn more,Please contactHong Kong Information Communications Consultant

Editing of articles in this issue:

Picture of Xu Wanting

Xu Wanting

Xu Wanting has been engaged in insurance and financial services compliance work in Hong Kong for many years,Responsible for the preparation of IA insurance brokerage regulatory compliance documents、Internal control process construction、AML system design、Regulatory filings and interactions with regulators。She is familiar with insurance product liability、sales compliance、Institutional requirements such as customer protection regulations and establishment of internal training and compliance systems。

Areas of expertise:IA Insurance Brokerage Regulatory Compliance Documentation、Internal control process construction、AML system design、Customer protection regulations、Internal training。

Previous institutions:Hong Kong insurance brokerage company & IA Compliance Team

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