China offshore tax levy unlikely to dampen Hong Kong life insurance demand

More ultra and high net worth Chinese individuals are piling into insurance policies to ensure liquidity during market volatility and as an asset-preserving wealth transfer mechanism, experts told Asian Private Banker. “Ever since the end of COVID, we have seen a steadily increasing number of U/HNW clients using insurance as a wealth-planning tool. Mainland Chinese clients are particularly receptive,” said…

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