“We’ve swiped so many cards so many times that we’ve broken a few,” reveals one product head for a Hong Kong-based wealth manager, who points to the limited effect that UnionPay credit card curbs have had on insurance sales to Chinese HNWIs. The number of single premium policies sold to Mainland clients increased by almost 250% year-on-year during the first half of 2016, with…
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Swipe until it breaks: Credit card curbs no match for Mainland insurance hunger
12 September 2016

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