The Zhitong Finance App learned that on November 5, Mr. Lu Yuguo, Executive Director (long-term business) of the Hong Kong Insurance Regulatory Authority and Mr. Wu Weiquan, Head of the Conduct Supervision Department (Acting), wrote an article stating that in recent times, interest rates on the US dollar have continued to rise while interest rates on the Hong Kong dollar have declined, leaving room for interest spreads, and the premium financing business has once again become active. In response to this trend, the Hong Kong Insurance Regulatory Authority and the Hong Kong Monetary Authority (HKMA) have launched a new round of premium financing inspections in the second half of this year, and will study appropriate regulatory measures with the Hong Kong Monetary Authority based on the findings of the investigation.

The Zhitong Finance App learned that on November 5, Mr. Lu Yuguo, Executive Director (long-term business) of the Hong Kong Insurance Regulatory Authority and Mr. Wu Weiquan, Head of the Conduct Supervision Department (Acting), wrote an article stating that in recent times, interest rates on the US dollar have continued to rise while interest rates on the Hong Kong dollar have declined, leaving room for interest spreads, and the premium financing business has once again become active. In response to this trend, the Hong Kong Insurance Regulatory Authority and the Hong Kong Monetary Authority (HKMA) have launched a new round of premium financing inspections in the second half of this year, and will study appropriate regulatory measures with the Hong Kong Monetary Authority based on the findings of the investigation.