Belt and Road paved with silver for HK insurers

The city’s new insurance regulator is looking to capitalise on the opportunities created by China’s Belt and Road drive and from Hong Kong’s rapidly ageing population.

With an average lifespan of 84 years Hongkongers have the world's highest life expectancy, according to the local Department of Health higher even than Japan's.

For the city’s insurance companies, though, that presents a major quandary because they don’t have long-term investment opportunities to match their growing liabilities. This is partly as a result of the retirement products taken out by Hong Kong’s ageing population.

But help could be at hand thanks to Chinese President Xi Jinping’s pet project, the Belt and Road Initiative, since this mammoth multi-national undertaking will require the building of infrastructure, lots of infrastructure, which in turn will require lots of patient, long-term...

¬ Haymarket Media Limited. All rights reserved.

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