Hong Kong to reappoint insurance regulator as industry braces for tough period: sources
Hong Kong’s government is set to reappoint Clement Cheung Wan-ching as CEO of the Insurance Authority for another three-year term on Friday, according to two sources with knowledge of the matter.
The move is aimed at ensuring continuity and stability in the city’s insurance sector, as the industry faces unprecedented headwinds amid Beijing’s offshore tax clampdown, one source told the South China Morning Post.
Cheung, who has led the insurance regulator since 2018, is due to complete his current...
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