China tax move hits Hong Kong insurers as AIA drops 8.2%
What's new: A reported 20% tax on offshore policy returns raised fears mainland buyers will pull back from Hong Kong products.
Bloomberg, CNBC +2
Subject
#Fwd Group
China offshore tax move hits Hong Kong insurers, AIA drops 8.2%
Why it matters: A 20% tax on some offshore policy returns could curb mainland demand for Hong Kong insurance and other cross-border products.