FSTB to hold Beijing forum on management of insurance funds

Hong Kong's Secretary for Financial Services and the Treasury Frederick Ma will lead a 120-strong delegation to Beijing on Nov. 25 and 26 for a forum on management of insurance funds.

Organized by the Financial Services and the Treasury Bureau (FSTB), the forum aims at helping the exchange of experience in managing funds between the Chinese mainland insurance industry and Hong Kong's financial services sector, in particular the asset management industry. The forum also provides an opportunity for Hong Kong to promote its strengths in serving as a global investment platform for the mainland, an FSTB spokesman said Tuesday.

"With the continuous growth of and recent developments in the mainland insurance sector, the forum is timely in facilitating exchange among participants of their experience and strategies in managing and investing insurance funds, as well as the investment opportunities ahead," he added.

The forum has gained tremendous support in both the mainland and Hong Kong. Co-organisers of the event include the Insurance Association of China, Hong Kong Investment Funds Association, the Hong Kong Capital Markets Association, Hong Kong Federation of Insurers, Hong Kong Exchanges and Clearing Ltd, and the Hong Kong Trade Development Council.

Source: Xinhua