Chinese Purchases of Hong Kong Insurance Surge to Record

  • Mainland buying more than doubled to HK$16.9b in 2nd quarter
  • Purchases surged even after Chinese regulatory curbs

Hong Kong’s insurance sales to Chinese residents more than doubled in the second quarter to a record even as China’s regulators took further steps to limit purchases of the products, which can serve as a way to sidestep the nation’s capital controls.

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