Chinese insurers encouraged to issue cat bonds in HK

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By Addison Gong
21 Nov 2019

Hong Kong is set to welcome catastrophe bonds from mainland Chinese insurance companies, after an agreement to relax issuance rules.

Hong Kong SAR and the Ministry of Commerce of China on Thursday signed an amendment to the Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA) Agreement on Trade in Services. CEPA was implemented in June 2016.

Under the amendment, mainland insurers issuing catastrophe bonds in the ...

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