Hong Kong is stepping up global promotion efforts: Financial Secretary

Export credit agency will introduce cover for SMEs trading with higher-risk buyers.

Hong Kong is extending its Pilot Insurance‑linked Securities Grant Scheme to 2028, to enhance its non-traditional risk management market.

Financial Secretary Paul Chan Mo‑po in the Hong Kong SAR Government’s 2026–27 Budget speech also said the Insurance Authority (IA) is “stepping up its promotion efforts in markets from around the world.”

In 2025, there were already two captive insurers operating in Hong Kong.

Furthermore, the IA will improve the risk‑based capital regime for insurance companies, adjusting risk constraintsfor the general insurance business and providing capital relief for infrastructure investments.

“Moreover, we will require the industry to adopt a standardised checklist for the disclosure of capital adequacy and risk profile, facilitating public understanding of insurers' governance, finance and risk management,” Mo-po said.

In support of the small and medium enterprises (SMEs), Hong Kong Export Credit Insurance Corporation will roll out a pilot scheme to provide coverage for SMEs engaging in exports with higher-risk buyers.

For those looking to enter the insurance talent pool, the government also announced that it will extend the Programme to Enhance Talent Training for the Insurance Sector by three years.