The Hong Kong Securities Regulatory Commission welcomes the announcement made by the China Financial Supervisory Authority today to actively support mainland insurance funds to participate in financial market connectivity between the Mainland and Hong Kong, and to support mainland insurance institutions to invest in Hong Kong Exchange-traded funds through the Shanghai-Shenzhen-Hong Kong Stock Connect. This policy will further enrich mainland insurance institutions' overseas asset allocation options through Hong Kong and reflect the General Financial Supervisory Authority's support for continuing to deepen financial connectivity between the Mainland and Hong Kong. Dr. Wong Tin Yuen, Chairman of the Hong Kong Securities Regulatory Commission, said, “We sincerely thank the General Financial Supervisory Authority for its strong support for the development of Hong Kong's capital market and financial connectivity between the Mainland and Hong Kong over a long period of time. This new policy broadens the multiple channels for overseas asset allocation for mainland insurance funds, demonstrates the country's determination to deepen high-level financial openness, and also reflects the central government's support for continuing to deepen financial cooperation between the two places. We are convinced that the arrangement will further promote the collaborative development of the capital markets of the two places.”

The Hong Kong Securities Regulatory Commission welcomes the announcement made by the China Financial Supervisory Authority today to actively support mainland insurance funds to participate in financial market connectivity between the Mainland and Hong Kong, and to support mainland insurance institutions to invest in Hong Kong Exchange-traded funds through the Shanghai-Shenzhen-Hong Kong Stock Connect. This policy will further enrich mainland insurance institutions' overseas asset allocation options through Hong Kong and reflect the General Financial Supervisory Authority's support for continuing to deepen financial connectivity between the Mainland and Hong Kong. Dr. Wong Tin Yuen, Chairman of the Hong Kong Securities Regulatory Commission, said, “We sincerely thank the General Financial Supervisory Authority for its strong support for the development of Hong Kong's capital market and financial connectivity between the Mainland and Hong Kong over a long period of time. This new policy broadens the multiple channels for overseas asset allocation for mainland insurance funds, demonstrates the country's determination to deepen high-level financial openness, and also reflects the central government's support for continuing to deepen financial cooperation between the two places. We are convinced that the arrangement will further promote the collaborative development of the capital markets of the two places.”