The Insurance Authority (IA) of Hong Kong has published consultation conclusions on proposed amendments to the Insurance (Valuation and Capital) Rules under Hong Kong's Risk-based Capital (RBC) regime. The move aims to encourage insurers to increase their investment in infrastructure projects while preserving financial stability safeguards.
The regulator said the proposed changes are designed to support Hong Kong’s economic development, noting that the amendments include incentives for insurers to channel capital into infrastructure investments under the RBC framework.
The draft amendment rules were first released for public consultation in February 2026 following a broader review of the regime. The IA said respondents generally supported the proposals. Most feedback centred on the scope of qualifying infrastructure investments and the proposed reduction factors applied under the capital framework.
The IA said it had carefully reviewed industry feedback and refined portions of the draft amendment rules where appropriate before finalising the proposal.
The final draft amendments are set to be introduced to the Legislative Council for negative vetting, with implementation targeted for 31 December 2026.