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Manulife

Manulife
Manulife Financial Corporation is Canada’s largest insurer and a leading international financial services provider. With its global headquarters in Toronto, Canada, it provides financial advice and insurance.
The government projects that by mid-2036, the city will have 2.4 million elderly residents – around one-third of the population. Photo: Karma Lo
Banking & finance

Ageing Hong Kong opens new frontiers for insurers, pensions and cross-border care

As Hong Kong rapidly ages, more are buying insurance and pension products, while others are heading to the mainland for medical treatment.

Insurance

Hong Kong insurers move to help fire victims claim payouts on 12,000 policies

Insurance

Hong Kong insurers identify 8,700 policies owned by Tai Po fire victims

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Banking & finance

Hong Kong life insurance sales hit record high on high-net-worth demand

Policy sales rose 50 per cent in the first half of the year to US$22.3 billion, the most since the Insurance Authority was set up in 2016.

Last year, mainland visitors spent HK$62.8 billion to buy life policies in Hong Kong, representing 28.6 per cent of overall sales. Photo: Shutterstock
Banking & finance

PetroChina unit first to reincorporate in Hong Kong under re-domiciliation law

Redomiciling to Hong Kong will help streamline its corporate structure and enhance operational efficiency, PetroChina Investment unit says.

Hong Kong economy

Editorial | Firms redomiciling in Hong Kong can only be good for business

Legal changes have made it easier for firms to redomicile in Hong Kong without changes to their operations. That is a good business move.

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Insurance

Hong Kong regulator puts a 50% cap on referral fees for insurance sales

The new regulation addresses a grey area where some brokers pay 90 per cent of commission as referral fees to unlicensed persons.

The Hong Kong Federation of Insurers sees the new regulation as part of a broader move to enhance professionalism, transparency and consumer protection. Photo: Shutterstock
Hong Kong society

Hong Kong’s Pink Dot to hold online concert after bid to hire Art Park rejected

Concert will be held between 3pm and 6pm on November 2, featuring a slew of local celebrities and artists.

Banking & finance

HSBC opens wealth centre in ICC, in boost to Hong Kong’s office rental market

Centre is located on the 99th floor of the ICC and it is HSBC’s largest wealth management office globally.

Mandatory Provident Fund (MPF)

Hong Kong’s eMPF could save US$6.5 billion for members in 10 years: regulator

Biggest MPF trustees – AIA, Sun Life, Manulife and HSBC – start move to the electronic platform from this week until the end of the year.

The eMPF enables Hong Kong retirement scheme members to manage their accounts through a single digital platform. Photo: Nora Tam
Hong Kong society

Suicide leading cause of death among insured Hongkongers aged under 25: study

While cancer remains the leading cause of death across all demographics, suicide rates among under-25s have spiked since 2014.

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Suicide has become the leading cause of death among insured young people in the city, according to a study by the Actuarial Society of Hong Kong. Photo: Getty Images
Wellness

How to age well? Singaporean firms gamify health in ‘Blue Zone 3.0’ bid

Singaporeans are embracing insurance companies’ health programmes that combine incentives, challenges and support for healthier lives.

Banking & finance

Over half of Hong Kong residents plan to work past 65, survey shows

While some people cite the need to maintain an income, others say they want to keep their minds active.

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Hong Kong society

Hong Kong’s largest annual LGBTQ carnival cancelled after host venue backs out

Organisers of Pink Dot HK say West Kowloon Cultural District Authority did not provide any reason for not hosting this year’s event at Art Park.

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Organisers have said they spoke with the West Kowloon Cultural District Authority earlier in the year about renting Art Park for the event. Photo: Sam Tsang
Mandatory Provident Fund (MPF)

Number of MPF millionaires doubles as assets hit record US$178 billion

MPF pension regulator says the number of millionaires in the scheme doubles over the course of five years.

Mandatory Provident Fund Schemes Authority chairwoman Ayesha Macpherson Lau. Photo: Edmond So
Insurance

Hong Kong life insurance sales rise 43% in first quarter to hit record high

Hong Kong’s life insurance industry sees sustained demand for savings, health and protection products, Manulife says.

Family offices

Hong Kong tax tweaks, talent boost would boost art trading, expert says

Hong Kong is a top global auction centre, but tax changes could make it more of a trading hub for wealthy collectors of art and vintage cars.

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Insurance

Hongkongers show penchant for adding life to years, Manulife says

Hongkongers want to ‘live independently and do what is important’ rather than simply live longer, a survey of 1,000 residents shows.

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People aged 65 and above made up 22 per cent of the 7.5 million residents in Hong Kong last year. Photo: Jelly Tse
Insurance

Hong Kong’s insurance market may balloon 55% as Greater Bay Area ages

Gross insurance premium in the city may jump to US$127 billion by 2032, Manulife Financial’s Asia president says.

Banking & finance

HSBC, Manulife, BOC Life expand offerings for Hong Kong retirees

Senior Hongkongers evaluating such investment products should be cautious about non-guaranteed payouts, a broker says.

Banking & finance

Hong Kong’s redomiciliation push lures global firms from tax havens

As the appeal of traditional tax havens like Bermuda and the Cayman Islands wanes, Hong Kong steps in to lure global multinationals.

Illustration by Henry Wong
Hong Kong economy

Japanese manga Chiikawa exhibition to be held in Hong Kong in August

Eight localised characters inspired by yum cha culture to be introduced in city’s latest attempt to cash in on intellectual property economy.

Hong Kong design studio AllRightsReserved is organising the three-week “Chiikawa Days” show in August. Photo: Handout
Hong Kong economy

Hong Kong’s easier redomiciling policy ‘attracts 150 inquiries from companies’

Treasury minister hails ‘very positive’ response after new law makes it easier for companies to transfer legal domicile status to city.

Insurance

Manulife’s local unit to redomicile from Bermuda in November

‘Redomiciling to Hong Kong allows us to better align with the city’s robust financial and regulatory environment,’ CEO says.

Insurance

AXA among first insurers to move legal domicile to Hong Kong under new rules

Under the new law, a company that wants to redomicile to Hong Kong is no longer required to wind up its existing operations.

An ad for AXA is seen at the top of a building in Hong Kong’s financial centre, February 27, 2018. Photo: IP3/Getty Images
Insurance

Exclusive | Hong Kong’s ‘game changer’ law will spur insurers to redomicile: industry guild

Insurance industry is ready to capitalise on this new law and be the primary use case, HKFI CEO Selina Lau says.

Hong Kong’s company redomiciliation regime will allow firms incorporated overseas to apply to return to the city while maintaining their legal identity and business. Photo: Jonathan Wong
Insurance

Hong Kong’s 2024 life insurance sales soar 21% to record US$28 billion

Mainland Chinese tourists last year spent HK$62.8 billion (US$8 billion) on life and medical policies, up 6.5 per cent from 2023, according to the Insurance Authority.

United States

Stocks are making wild swings as markets assess damage from Trump’s trade war

Trump’s tariff blitz fulfilled major campaign promise as he acted without Congress to redraw rules of the international trading system.

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