HKCIA 2025 Annual Meeting is Held in Hong Kong

Release time：2025-03-20 Views：6902

On 20 March, the HKCIA hosted its "2025 Annual Meeting" at the Hong Kong Convention and Exhibition Centre. Among the distinguished guests were Mr. Chan Ho Lim, Acting Secretary for Financial Services and the Treasury of HKSAR government; Mr. Stephen Yiu, Chairman of the Insurance Authority; Mr. Xu Weigang, Head of the Economy Department of Liaison Office of the Central People's Government in the Hong Kong Special Administrative Region; Mr. Wang Haimin, Chairman of the Hong Kong Chinese Enterprises Association; Mr. Marty Lui, Executive Director of Long Term Business of the Insurance Authority; and Mr. Li Keding, General Manager of China Taiping Insurance Group. They were joined by Mr. Yin Zhaojun, Chairman of the HKCIA, as the principal guests. Officials from the HKSAR government, chairmen of various Hong Kong Chinese financial industry associations, Legislative Council members, and representatives from member companies gathered for this event.

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Mr. Chan Ho Lim noted in his speech that risk management is a crucial element in Hong Kong's status as a leading international financial centre. Hong Kong boasts the highest insurance penetration rate globally and ranks second in insurance density, continuing to show strong growth. In 2022, the insurance sector contributed 3.6% to Hong Kong's GDP, playing an important role in reinforcing Hong Kong's status as an international financial centre, promoting local economic development, and safeguarding livelihoods. Chinese insurance companies account for a quarter of Hong Kong’s insurance market and are continuously growing, representing a significant force within the local insurance sector. Mr. Chan expressed gratitude to the Association for creating a platform that brings together leaders from the sector to collaboratively promote the development of the insurance industry in Hong Kong.

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Chairman Yin Zhaojun delivered a speech, extending heartfelt thanks to the authorities, the HKSAR government, regulators, and friends from various sectors for their long-standing support for the development of the Chinese insurance industry in Hong Kong. Since its establishment, the Association has actively played a bridging role, strengthening communication and cooperation between Chinese insurance enterprises and counterparts in Mainland China, Hong Kong, and internationally, thus promoting connectivity in the insurance market. The Association has established a communication mechanism with the government and regulatory bodies, supporting member companies in responding to the government's policies and contributing to the development of Hong Kong as an international risk management centre. As a link for serving and connecting Chinese insurance enterprises in Hong Kong, the association will continue to uphold its commitment to serving its members, fostering high-quality development within the Hong Kong insurance industry, and actively responding to government policies to help Hong Kong enhance its status as an international financial centre.

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