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A Study of Hong Kong's Insurance Industry Based on the New Development Pattern Model
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
Copyright
Copyright (c) 2024 Journal of Business and Management Studies
Open access
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.