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Christopher Hui: Insurance Investment, Infra Investment Highly Relevant; IA Studies Capital Requirement Tweak
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In his speech at the forum, Secretary for Financial Services and the Treasury, Christopher Hui, pointed out that 100 companies with features of professionalization, refinement, specialization and novelization were listed in Hong Kong as of the end of September 2024, raising a total of about $596 billion through initial public offerings (IPOs). The HK government will continue to strengthen the city’s competitiveness as an all-rounded international capital formation center, attract more new economy companies to list in Hong Kong, help China promote the build-out of a modern industrial system, and further consolidate the city’s position as an international wealth management center, Hui said. The Insurance Authority (IA) will launch a review in 2025, including studying the use of infrastructure investment to help diversify risks by enriching insurance companies' asset allocation and drive infrastructure investment in the Northern Metropolis. Since insurance investment is patient capital and infrastructure is long-term investment, the two are highly relevant, Hui opined. The IA will consult the market to study whether capital investment should match long-term infrastructure investment and whether capital requirements can be appropriately adjusted. AAStocks Financial News |
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