The Hong Kong Insurance Authority has issued a consultation summary on enhancing the risk-based capital regime, and the final version of the rules is expected to take effect by the end of this year.

According to the information obtained from the Wise News Finance APP, on May 8th, the Hong Kong Insurance Authority issued a consultation summary on the proposed revisions to Chapter 41R of the Insurance Business (Valuation and Capital) Rules regarding the risk-based capital system. The proposed revisions aim to maintain appropriate prudential safeguards while encouraging insurance companies to support local economic development through infrastructure investments, and enhance Hong Kong's competitiveness as a global risk management hub. The draft rules will be submitted to the Legislative Council for a "first drafting then scrutiny" process, with the aim of taking effect from December 31, 2026.