A total of HK$48.9 billion (US$6.3 billion) was spent by Chinese mainlanders on Hong Kong insurance products in the first nine months of the year.

This is more than twice the figure logged during the same period in 2015.

The Office of the Commissioner of Insurance, which released the data Wednesday, said mainlanders accounted for 37% of the total new life insurance sales in the first three quarters valued at HK$132.3 billion.

Last year, mainlanders shelled out HK$21.1 billion on insurance products in first three quarters while the year-round figure stood at HK$31.6 billion.... read more http://www.bookspen.com/21544-2/