MR CHAN KIN-POR (in Cantonese): Thank you, President. The Hong Kong Export Credit Insurance Corporation (“ECIC”), established in 1966 under the Hong Kong Export Credit Insurance Corporation Ordinance, provides export credit insurance services to reduce the non-payment risks faced by exporters due to commercial or political events, thereby promoting and supporting export trade. In recent …
MR CHAN KIN-POR (in Cantonese): Thank you, Deputy President. The middle class has always been the one being neglected in society. As Hong Kong has been pursuing a low tax policy, the Government’s welfare benefits are mainly expended on addressing the needs of the grass roots, and the Government has been doing a fairly great …
Motion on “Addressing the needs of the middle class”（2024.01.11） Read More »
MR CHAN KIN-POR (in Cantonese): Thank you, President. Cross-boundary WMC has seen steady development over the past two years. May I ask whether the Bureau will expand the scope of eligible products to cover insurance products? SECRETARY FOR FINANCIAL SERVICES AND THE TREASURY (in Cantonese): Thank you, President. As I have explained in my reply …
MR CHAN KIN-POR (in Cantonese): Thank you, President. I move that the motion, as printed on the Agenda, be passed. The frequent traffic accidents involving taxis in recent years have not only directly threatened the safety of passengers, but also posed a danger to pedestrians, other drivers and vehicles. While I believe that the majority …
MR CHAN KIN-POR (in Cantonese): Thank you, President. Point (4) of the main reply mentioned expanding the business coverage of Hong Kong’s financial institutions in Qianhai and this will benefit banks, insurance institutions, etc. I would like to find out more about the current progress of the development of one of the major pilot projects …
MR CHAN KIN-POR (in Cantonese): Thank you, President. Insurance is a risk management business; the better we can understand the nature of risks, the better we can set reasonable and accurate insurance premiums. There are a large number of private enterprises in the country and the key is how to better realize the risks involved. …
Council Meetings (Oral Question): Export Credit Insurance Services (2022.05.18) Read More »
MR CHAN KIN-POR (in Cantonese): Thank you, Deputy President. At present, dozens of insurers can underwrite taxi insurance but only less than 10 such companies in the market are willing to do so. It is because the operation of this type of insurance has long suffered losses for reasons including a high accident rate, insurance …
Council Meetings (Oral Question): Taking Out Insurance Policies for Taxis (2022.01.19) Read More »
MR CHAN KIN-POR (in Chinese): President, I have learnt that some unemployed persons had applied for Comprehensive Social Security Assistance (“CSSA”) but their applications were rejected on grounds that the cash values of the life insurance policies under their names had exceeded the relevant limit, resulting in their failure to pass the asset test. Some …
Council Meetings (Question): Cash Values of Insurance Policies (2020.11.11) Read More »
MR CHAN KIN-POR (in Cantonese): Deputy President, I rise to speak in support of the resumption of the Second Reading debate on the Insurance (Amendment) (No. 2) Bill 2020 (“the Bill”). The Bill seeks to implement and enhance the regulatory framework for the regulation of insurance groups where a holding company for the group is …
Motion on “Insurance (Amendment) Bill 2020” (2020.07.17) Read More »
MR CHAN KIN-POR (in Cantonese): Just now, someone who knows very little about the insurance sector has criticized the insurance sector and functional constituencies. I request to put on record that person’s remarks, which are absolute nonsense. I just hope that he will stop accusing others of having no shame since his such act of …
Motion on “Insurance (Amendment) (No.2) Bill 2020” (2020.07.17) Read More »
