Research Article

A Study of Hong Kong's Insurance Industry Based on the New Development Pattern Model

Authors

  • Fang Ding School of Economics and Management, Shanghai University of Political Science and Law, Shanghai 200433, China

Abstract

Against the backdrop of global economic changes and China's economic restructuring, the potential of Hong Kong's insurance industry as an investment channel is gaining increasing attention. This thesis aims to explore the opportunities and challenges of Hong Kong's insurance industry under the new development pattern. Through a combination of quantitative and qualitative analyses, it examines the historical data and future trends of Hong Kong's insurance market and conducts a study based on first-hand information obtained through data surveys and expert interviews, exploring the specific impacts of the new development pattern on the insurance industry, and incorporating the development of the Greater Bay Area into the research framework. Hong Kong's insurance industry harbours a wealth of investment opportunities in terms of expanding market size, product diversification, and policy support, but it also faces challenges such as intensifying market competition and international uncertainty. The study recommends that investors should focus on long-term trends to optimise their investment strategies and address market risks.

Article information

Journal

Journal of Business and Management Studies

Volume (Issue)

6 (5)

Pages

150-157

Published

2024-10-05

How to Cite

A Study of Hong Kong’s Insurance Industry Based on the New Development Pattern Model. (2024). Journal of Business and Management Studies, 6(5), 150-157. https://doi.org/10.32996/jbms.2024.6.5.18

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Keywords:

Hong Kong Insurance Industry; New Development Pattern; Investment Strategy; Market Opportunities; Risk Assessment; Development of the Greater Bay Area.