Mainland Chinese customers spent US$7.6 billion on Hong Kong insurance policies last year, but sales to fall as ‘pent-up’ demand fades: watchdog
“This pent-up demand will fade, so demand will return to the average level seen during the years before the pandemic. It is unlikely to go back to a peak of HK$72.7 billion seen in 2016.” Last year’s tally is a significant jump on the three-year Covid-19 period, which recorded sales of HK$2.1 billion in 2022, … Read more
