Report: Hong Kong is pushing large life insurance companies to relocate their investment decision-making functions from Singapore back to Hong Kong.

In terms of retaining talent and capital, life insurance companies have become the latest target of competition between Hong Kong and Singapore. According to insiders, in the past year, the Hong Kong insurance regulatory agency has been pushing some large life insurance companies in Hong Kong to relocate their investment decision-making functions back to Hong Kong, after previously moving these functions to Singapore. This initiative, led by the Hong Kong Insurance Authority, started in early 2024 and focuses on companies like AIA.