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Insurance Authority CEO: Tighter Cross-border Capital Supervision Aims to Combat Violations; No Need for Excessive Concern
2026-06-12 12:21:54 As Mainland China has recently stepped up scrutiny of cross-border capital flows, Clement Cheung, CEO of the Insurance Authority, responded at a summit that the move was triggered by certain illicit actors conducting illegal cross-border capital activities through specific channels. Regulating such activities is entirely appropriate; otherwise, it would deviate from the country’s positioning of Hong Kong. Cheung accentuated that enhanced supervision is intended to combat violations, adding that the key lies in strengthening formal cross-border connectivity channels while carrying out effective regulatory work. The market needs not be overly concerned, and robust supervision will be conducive to Hong Kong’s development in the long run. ~ AASTOCKS Financial News Website: www.aastocks.com | |