Odaily News The Hong Kong Insurance Authority has proposed new regulations aimed at guiding insurance funds into encryption assets and infrastructure sectors. According to a presentation document dated December 4, the regulator plans to impose a 100% risk capital requirement on encryption assets, while the risk capital requirement for stablecoin investments will be determined based on the fiat currency to which the Hong Kong-regulated stablecoin is pegged. The Hong Kong Insurance Authority stated that it has initiated a review of the risk capital regime this year, with the primary goal of supporting the insurance industry and broader economic development. The proposal is expected to undergo public consultation from February to April next year, followed by legislative submission. Additionally, the new regulations involve incentives for infrastructure investment, proposing capital benefits for investments in infrastructure projects linked to Hong Kong, mainland China, or tied to the region (such as the development of new towns in the Northern Metropolis). As of 2024, the total premium income of the Hong Kong insurance industry is approximately HKD 635 billion.
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