Its sustainability is low, compared with other metrics that measure the health of the system. But the transfer of state-owned assets to plug the pension gap should offer some help.
The preferential treatment that reduces the cost of capital for Chinese insurers when they buy reinsurance in Hong Kong could change once the city adopts a new RBC regime.
The authorities' reliance on the police to stamp out protests instead of negotiating is inciting greater violence from both sides. It could cause China to erode the city's high autonomy.
The island's insurers have increasingly invested into the assets, but this will likely hit a plateau as the local regulator introduces an additional capital charge for currency risks.
Infrastructure projects and private equity funds are among the assets they are looking at to boost investment returns, according to Moody’s, but the supply is constrained.
The US asset manager has eliminated the role, resulting in the departure of Celestine Khoo.