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International

China, Hong Kong to continue preferential insurance agreement

July 23, 2019 Reprints

China's insurance regulator will continue an agreement under which mainland Chinese insurers that cede businesses to Hong Kong-based reinsurers will be subject to lower capital requirements, Asia Insurance Review reported. Hong Kong's insurance regulator said that the preferential treatment has benefitted insurers and reinsurers and positioned Hong Kong as a risk management center for the Belt and Road Initiative.

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China, Hong Kong to continue preferential insurance agreement

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