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Leave your emailNational Financial Regulatory Administration Deputy Director General Cong Lin proposed that the insurance industry must resolutely abandon the obsession with scale and enhance the adaptability of insurance supply.
Read originalThe National Financial Regulatory Administration explicitly requires insurance institutions to pursue differentiated development paths and curb "fee wars" and illegal rebate practices. This requirement serves as a regulatory direction for standardizing insurance industry operations and optimizing market competition order.
Read originalZhu Yansheng of the Beijing Financial Regulatory Bureau proposed the need to establish and improve the coordinated management and service mechanism for technology insurance. Currently, publicly disclosed relevant information only mentions this core viewpoint, without involving specific implementation rules, supporting measures, or advancement arrangements.
Read originalHKTVmall has launched a 15% cashback offer on AXA overseas study insurance. The offer is targeted at users who need overseas study insurance coverage, and the corresponding premium cashback benefit can be claimed by participating through the HKTVmall platform.
Read originalHong Kong insurance regulator takes prohibition measures against six individuals regarding USD 930,000 in payments. The relevant incident was reported by Insurance Asia.
Read originalHong Kong regulators have taken sanction action against six insurance intermediaries due to violations involving false premium declarations.
Read originalCarmen Chu, Executive Director (Banking Supervision) of the HKMA, delivered opening remarks at the Finance and AI Forum, introducing the results of the second phase of the GenAI Sandbox, releasing the latest regulatory guidelines on AI applications based on the "ART" framework, and announcing the establishment of an AI training data sharing platform in collaboration with Cyberport and the University of Hong Kong.
Read originalFWD's Critical Care has become the first critical illness product to receive the Q Mark certification from the Hong Kong Federation of Insurers. The certification is launched by the Hong Kong Federation of Insurers to identify quality insurance products that meet industry standards.
Read originalThe Hong Kong Insurance Authority has imposed sanctions on six intermediaries for submitting false bank draft declarations. This sanction is a regulatory action taken by the Insurance Authority against intermediary misconduct.
Read originalThe Hong Kong Monetary Authority issued a circular on the responsible use of AI on 15 October 2026, addressed to all authorized institutions. The circular is accompanied by six current annexes dated 15 October 2026 and relates to three previously issued current circulars.
Read originalThe HKMA launched the "ART" framework on October 15, centered on accountability, resilience, and trust, to support the banking sector in responsibly adopting artificial intelligence. The framework is accompanied by the release of the latest regulatory guidelines on the responsible use of AI. It also involves collaborating with Cyberport and the University of Hong Kong to build an AI training data sharing platform, and further testing agentic AI applications through the Generative AI Sandbox++.
Read originalFWD Hong Kong launches the new "Critical Illness Total Support Insurance Plan" series. This product is a critical illness insurance product, and relevant information is released through press release channels.
Read originalThe Hong Kong Insurance Authority has revoked the licenses of 6 insurance intermediaries, as the involved personnel violated internal control measures.
Read originalThe Hong Kong Insurance Authority has prohibited 6 individuals from serving as insurance intermediaries, as they were involved in violating anti-money laundering and counter-terrorist financing control measures. This disciplinary action was taken by the Hong Kong Insurance Authority, and specific details of the violations and the duration of the penalty have not been disclosed in public information.
Read originalThe Stock Exchange of Hong Kong Limited took disciplinary action against RMH Holdings Limited (Stock Code: 8437) and six former directors. Two of the former directors were issued a statement prejudicial to investor interests and publicly censured, while the other four former directors were only publicly censured and required to complete 15 hours of training. The disciplinary action was taken due to breaches of directors' duties and failure to ensure the company's compliance with the GEM Listing Rules, involving violations related to securities investments, rights issues, service agreements, and internal control failures.
Read originalHong Kong Monetary Authority Deputy Chief Executive Arthur Yuen delivered a speech at the opening and premiere of Standard Chartered Bank's "Anti-Scam Cinema," revealing that Hong Kong lost HK$8.1 billion to fraud last year, with losses exceeding HK$5.2 billion in the first eight months of this year. The HKMA is collaborating with the banking sector and law enforcement agencies to build an anti-fraud ecosystem across four dimensions: within banks, inter-bank, between banks and customers, and through public education. Currently, all 28 retail banks in Hong Kong have joined the Financial Institutions Network against Telecommunications Scams (FINEST).
Read originalThe Hong Kong Monetary Authority released the current Data Excellence Practices Guidelines on October 12, 2026, applicable to all authorized institutions. The guidelines include supporting appendices and are linked to multiple current circular documents issued on different dates.
Read originalOn October 8, 2026, the Hong Kong Monetary Authority (HKMA) issued a circular to all authorized institutions regarding complaints related to debt collection agents engaged by authorized institutions. This circular is linked to multiple previous versions of circulars on the same topic, including documents issued on August 19, 2024, March 26, 2026, and April 10, 2024.
Read originalThe HKEX has issued a director unsuitability statement and censured six relevant directors of Huissen Home Group Limited (stock code: 2127) for failing to cooperate with investigations by the HKEX and the Hong Kong Securities and Futures Commission. If any current director remains in a director or senior management position at the company or its subsidiaries 14 days after the disciplinary statement is issued, the HKEX will cancel the listing of the company's shares under Rule 2A.10A(2)(b) of the Listing Rules.
Read originalThe Mandatory Provident Fund Schemes Authority (MPFA) and eMPF Company Limited, leveraging the centralised management capabilities of the eMPF platform, have introduced a number of enhanced measures to combat fraudulent early MPF withdrawal. These measures include requiring early withdrawal applicants to submit original supporting documents for review, updating the MPF withdrawal application form, and refining the medical certification requirements for early withdrawal applications based on total incapacity or terminal illness. Forging or using false documents constitutes a serious criminal offence, carrying a maximum penalty of 14 years' imprisonment upon conviction.
Read originalThe Hong Kong Monetary Authority (HKMA) issued a circular on current GS-2 transition planning on September 22, 2026, applicable to all authorized institutions. This circular is directly linked to the current SPM-NGL document, cross-references the CPR document filed on July 20, 2021, and replaces the old version of SPM-NGL and its corresponding circular dated December 30, 2021.
Read originalOn September 3, 2026, the Hong Kong Monetary Authority issued a circular on remote account opening for individual customers addressed to all authorized institutions. This circular is currently in effect and is linked to multiple related current and archived circular documents issued between 2019 and 2026.
Read originalThe Hong Kong Monetary Authority issued risk-based anti-money laundering and counter-terrorist financing controls guidance for politically exposed persons on August 28, 2026, addressed to all authorized institutions. This guidance replaces the previous version issued on November 21, 2025, with accompanying annexes updated simultaneously.
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