Responding to recent market speculation about a potential 20% individual income tax on overseas policy gains for mainland residents, the Hong Kong Federation of Insurers (HKFI) has issued a statement. The HKFI noted that as of now, no official policy document or implementation guidelines have been released by the relevant authorities. The federation is actively monitoring the situation and staying informed on developments.

Given this, the HKFI refrains from speculating or commenting on the discussions and rumors. The statement emphasized that customer demand for protection, wealth succession, and asset allocation remains strong. As an international financial hub, Hong Kong's insurance products offer distinct advantages, including flexible product design, multi-currency options, comprehensive wealth succession planning, and professional service standards.

The HKFI believes that for clients with such needs, the overall Hong Kong insurance market remains attractive and competitive.