Hong Kong
Hong Kong insurance regulator to licence intermediaries
The Federation of Insurers will give up the function in September 2019
Retirement care costs in Hong Kong to rise sixfold in 40 years
The number of retired people in need of care will rise to 11% of the overall population
Hong Kong reverse mortgage product to support retirement
It will use a life policy as ‘collateral to draw down loans’
Chinese family office obtains Hong Kong licences
Popularity has risen with families based in the People’s Republic for the offering
Hong Kong regulator rejects insurance licence changes
It had concerns over control and compliance