As cross-border securities trading regulations tighten, some investors are concerned about regulatory risks related to HK Mainland Chinese Visitor (MCV) insurance business, which contributed 51% of AIA Hong Kong's VNB in 2025 (or 20% of AIA Group's VNB), UBS said in its report. AIA (01299.HK) +0.100 (+0.122%) Short selling $1.23B; Ratio 25.853% stated that the MCV insurance business has operated under a well-established framework since 2004, with the core requirement being physical presence (i.e., purchases must be conducted within Hong Kong). In addition, AIA emphasized policy direction toward integration into the Greater Bay Area, such as establishing insurance service centers in the region. Related News Citi Lists Latest H Shrs Buy Top Picks (Table)UBS opined that these comments are consistent with its previous views, adding that the core demand drivers for Hong Kong insurance among MCV include higher expected returns (6-6.5%, vs around 3.5% in mainland China) and access to a broader range of investment options. UBS maintained a Buy rating on AIA, with a 12-month TP of HKD104. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-29 16:25.)
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