The silver-colored meeting that keep watch continues again the favourable measure that offers Hong Kong insurance

On August 5, 2021

The Bank of China is sure to control administrative committee (the silver-colored meeting that keep watch) today (on August 5, 2021) announce to continue in " the solvency system with Chinese oriented risk " next privilege that offer Hong Kong measure a year, till on June 30, 2022, when the company of Hong Kong professional reinsurance that allows outback insurance company to divide a business to grant to accord with a requirement thereby, requirement of capital specified number can continue to be moved low.

The silver-colored meeting that keep watch expresses, conduce of continuance privilege measure makes Hong Kong become round-the-world venture management center, the development that can coordinate outback insurance at the same time is politic.

Insurance superintendency bureau (the bureau that keep watch) point out, favourable measure conduce strengthens those who cross area banking industry to connect Kui , be taken an active part in continuously for Hong Kong and help strength " one belt all the way " motivation of infuse of construction of area of big bay of the HongKong and Macow that reach another name for Guangdong Province, its regard aggrandizement as the advantage of region assurance hub, stimulative socioeconomy diversity develops.

Favourable measure builds the China before be based on to be sure to control government committee and before insurance inspect manage lies to was signed on May 16, 2017 " the framework agreement that evaluates the work about beginning solvency to superintend system equivalent " 1, fulfilled formally in July 2018 by the silver-colored meeting that keep watch, lengthen ever since to the current year on June 30.

About the detail, consult silver protects inspect to meet please about editing " insurer solvency superintends regulation -- the problem solves the 1st: Solvency superintends equivalent framework agreement to transfer period the reinsurance of Hong Kong area inside trades factor of risk of adversary break a contact " inform [the silver-colored hair that keep watch (2021) 30] .

Be over

Remarks:

1 be in " the framework agreement that evaluates the work about beginning solvency to superintend system equivalent " below, the transition before the insurance of inland and Hong Kong superintends an orgnaization to agree to evaluate the job to finish in equivalent period inside, the consideration gives industry of the other side favourable measure. Transfer period to till May 2025.

(turn from Hong Kong insurance to superintend bureau 5/8/2021 press release)