An Unlikely Hong Kong Industry Takes a Hit Amid Drop in Mainland Visitors

  • 📰 WSJ
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Hong Kong usually does a roaring trade in selling insurance to mainland Chinese visitors. The unrest is changing that.

For years, popular stops in Hong Kong for mainland Chinese tourists have included the iconic Victoria Peak and its city views, the family-friendly Disneyland—and the humdrum offices of some of the city’s big insurance companies.

Sharp drops in visitor arrivals to Hong Kong in the past few months have dented a lucrative sales channel for large life insurers including AIA Group Ltd. and Prudential PLC, which had a roaring trade selling policies and savings products to mainland Chinese crossing the border into the semiautonomous...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines