Intentar ORO - Gratis
Life insurers latest target in HK's bid to compete with Singapore
The Straits Times
|August 07, 2025
Regulator seeks return of investment roles in scrutiny over relocations: Sources
-
HONG KONG — Life insurers have become the latest target in Hong Kong's efforts to compete with Singapore in retaining talent and capital.
Over the past year, Hong Kong's insurance regulator has been steering some of the financial hub's biggest life insurers to move investment decision-making functions back to the city following their relocation to Singapore, according to people familiar with the matter.
The push, led by the Hong Kong Insurance Authority (HKIA), started in early 2024 and is focusing on companies including AIA Group, the people said. The HKIA is a regulator independent of the government, according to its website.
Drawn by incentives such as tax advantages offered by the Monetary Authority of Singapore (MAS), some insurers have in recent years accelerated efforts to establish the city-state as a regional asset management hub, despite making policy sales mainly in Hong Kong, the people said.
Esta historia es de la edición August 07, 2025 de The Straits Times.
Suscríbete a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9000 revistas y periódicos.
¿Ya eres suscriptor? Iniciar sesión
MÁS HISTORIAS DE The Straits Times
The Straits Times
French macaron maker Laduree to return with pop-up at Ion Orchard
Move over, Pierre Herme. French patisserie Laduree is back to muscle in on the macaron action in Singapore.
2 mins
November 04, 2025
The Straits Times
Kipchoge to run in 7 continents to inspire
Two-time Olympic marathon champion Eliud Kipchoge says he will run seven marathons on seven continents over the next two years to raise funds for causes he believes in even as he continues to race at the elite level.
2 mins
November 04, 2025
The Straits Times
$186m magnet plant to boost rare earth sector in Malaysia: Anwar
Malaysian Prime Minister Anwar Ibrahim said the development of a RM600 million (S$185.8 million) super magnet manufacturing facility in the state of Pahang will strengthen the nation’s rare earth sector, state media reported.
1 min
November 04, 2025
The Straits Times
Coach operator Aeroline told to suspend all S'pore-Malaysia trips from Nov 6 to Dec 5
Malaysian coach operator Aeroline, which provides trips between Singapore and Malaysia, will temporarily suspend all its trips between Nov 6 and Dec 5.
2 mins
November 04, 2025
The Straits Times
US Republicans accused of choosing to ‘weaponise hunger’
House Democrat blames them for lapse of funding for food aid scheme for Americans
2 mins
November 04, 2025
The Straits Times
For a literary saint, author Margaret Atwood can sure hold a grudge
Canadian novelist Margaret Atwood does not like being called a prophet.
4 mins
November 04, 2025
The Straits Times
Thrift sellers, shoppers bemoan Indonesia's planned crackdown
The Indonesian government's plan to clamp down on imported used clothes, which are in violation of an existing ban, has drawn negative responses from thrift sellers and shoppers in Jakarta, especially in light of an increase in the cost of living and sustainability issues.
3 mins
November 04, 2025
The Straits Times
Australia and S-E Asia drifting apart over US-China rivalry
As Canberra doubles down on ties with the US and Aukus, its hopes of forging deeper links with Asean face growing headwinds.
5 mins
November 04, 2025
The Straits Times
China knows 'consequences' of any attack on Taiwan: Trump
But he stops short of saying US will provide military support to fend off an invasion
2 mins
November 04, 2025
The Straits Times
Look into how delivery riders are affecting road safety
Letter of the day
1 min
November 04, 2025
Listen
Translate
Change font size