Insurance Authority and Chengdu Municipal Financial Regulatory Bureau sign Memorandum of Understanding

11 May 2020

The Insurance Authority (IA) announced today (11 May 2020) that it had entered into a Memorandum of Understanding (MoU) (Chinese only) with the Chengdu Municipal Financial Regulatory Bureau to strengthen bilateral collaboration in areas such as enhancing risk management for Belt and Road projects, developing Insurtech, and nurturing and exchanging insurance talent.

“The MoU will encourage the insurance sectors in Hong Kong and Chengdu to complement each other, leading to a mutually beneficial outcome. It will also help reinforce Hong Kong’s position as a risk management centre for the Belt and Road Initiative and a regional insurance hub,” said Mr Tony Chan, Associate Director of the Policy and Development Division of the IA.

“The signing of the MoU marks an important step in the co-operation of the insurance sectors of Chengdu and Hong Kong,” said Mr Bai Jindong, Deputy Director-General of the Chengdu Municipal Financial Regulatory Bureau. “It will promote in-depth collaboration between the two cities in various areas, including insurance risk management and Insurtech development.”

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