Hong Kong’s Insurance Authority aims to broaden regional clientele base: reappointed CEO

After Beijing’s plans to tighten up the taxation of overseas income sent shock waves through the city’s banks and insurers last week, Hong Kong’s insurance regulator will make broadening the sector’s clientele a priority, its reappointed chief said on Friday.

“The priority of the Insurance Authority will be placed on broadening the regional clientele beyond Chinese mainland visitors, ensuring customers are treated fairly and can derive value from insurance products,” authority CEO Clement Cheung...