According to recent reports, the income of mainland Chinese tax residents purchasing Hong Kong insurance is included in the scope of taxation. In response, the Hong Kong Insurance Authority said in response to reporters that the Government and the Insurance Regulatory Authority are closely monitoring the latest developments in the Mainland's financial product tax arrangements and will maintain close communication with the industry. There has always been a requirement for Chinese residents that overseas investment income must be declared and taxed according to law, so there is no need for excessive interpretation or speculation on the market. The Hong Kong insurance market is mature, and the product design is flexible and advanced. It can provide professional services such as currency selection, global asset allocation, life planning, and wealth inheritance. I believe it is attractive to mainland customers. (Financial Services Association)

According to recent reports, the income of mainland Chinese tax residents purchasing Hong Kong insurance is included in the scope of taxation. In response, the Hong Kong Insurance Authority said in response to reporters that the Government and the Insurance Regulatory Authority are closely monitoring the latest developments in the Mainland's financial product tax arrangements and will maintain close communication with the industry. There has always been a requirement for Chinese residents that overseas investment income must be declared and taxed in accordance with the law, so there is no need for excessive interpretation or speculation in the market. The Hong Kong insurance market is mature, and the product design is flexible and advanced. It can provide professional services such as currency selection, global asset allocation, life planning, and wealth inheritance. I believe it is attractive to mainland customers. (Financial Services Association)