Hong Kong Strikes Back: Billion-Dollar Insurers Face Pressure to Pull Capital Out of Singapore
Warning! GuruFocus has detected 6 Warning Sign with AAIGF.
At the center of this capital tug-of-war is AIA's Singapore-based unit, AIA Investment Management Private Ltd., which managed $139 billion at the end of 2024. The VCC structure gave it an operational edge, allowing AIA to shift global equities and private equity strategies south while keeping pensions anchored in Hong Kong. Insiders say high-level investment principles still come from Hong Kong, but it's the Singapore team that selects funds and talks to managers. The HKIA, invoking a guideline known as GL14, has begun examining whether ultimate mandate control remains in the cityand has privately discouraged at least one insurer from moving assets into Singapore's structures.
There's no law forcing insurers to run portfolios from Hong Kong. But the HKIA has made its message clear: asset concentration overseas could raise red flags, especially if capital can't move easily in a crisis. Meanwhile, Singapore's Monetary Authority has defended the city-state's growth, attributing it to global demand and operational flexibility, not jurisdiction shopping. Still, with Hong Kong's regional HQ count dropping from 1,457 to 1,410 between 2021 and 2024, and Singapore gaining momentum, the pressure may be just beginning.
This article first appeared on GuruFocus.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
16 minutes ago
- Yahoo
SelectQuote to Release Fiscal Fourth Quarter and Full Year 2025 Earnings on August 21
OVERLAND PARK, Kan., August 07, 2025--(BUSINESS WIRE)--SelectQuote, Inc. (NYSE: SLQT), a leading distributor of Medicare insurance policies and owner of a rapidly growing Healthcare Services platform, today announced it will release its fourth quarter and full year 2025 financial results before market open on Thursday, August 21, 2025. Chief Executive Officer, Tim Danker, and Chief Financial Officer, Ryan Clement, will host a conference call on the day of the release (August 21, 2025) at 8:30 am ET to discuss the results. To register for this conference call, please use this link: After registering, a confirmation will be sent via email, including dial in details and unique conference call codes for entry. Registration is open through the live call, but to ensure you are connected for the full call, we suggest registering a day in advance or at minimum 10 minutes before the start of the call. The event will also be webcasted live via our investor relations website or via this link. About SelectQuote: Founded in 1985, SelectQuote (NYSE: SLQT) pioneered the model of providing unbiased comparisons from multiple, highly-rated insurance companies, allowing consumers to choose the policy and terms that best meet their unique needs. Two foundational pillars underpin SelectQuote's success: a strong force of highly-trained and skilled agents who provide a consultative needs analysis for every consumer, and proprietary technology that sources and routes high-quality leads. Today, the Company operates an ecosystem offering high touchpoints for consumers across insurance, pharmacy, and virtual care. With an ecosystem offering engagement points for consumers across insurance, Medicare, pharmacy, and value-based care, the company now has three core business lines: SelectQuote Senior, SelectQuote Healthcare Services, and SelectQuote Life. SelectQuote Senior serves the needs of a demographic that sees around 10,000 people turn 65 each day with a range of Medicare Advantage and Medicare Supplement plans. SelectQuote Healthcare Services is comprised of the SelectRx Pharmacy, a Patient-Centered Pharmacy Home™ (PCPH) accredited pharmacy, SelectPatient Management, a provider of chronic care management services, and Healthcare Select, which proactively connects consumers with a wide breadth of healthcare services supporting their needs. View source version on Contacts Investor Relations: Sloan Bohlen877-678-4083investorrelations@ Media: Matt Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
19 minutes ago
- Bloomberg
India Weighs Trade Options as Trump's 50% Tariff Strains Ties
New Delhi officials are weighing their options on trade concessions they can offer to the US after President Donald Trump's decision to impose a 50% tariff on Indian goods, according to people familiar with the matter. India views the 21-day window before the new duties take full effect as an opportunity to keep negotiations with the Trump administration, the people said, asking not to be identified discussing sensitive matters. At this stage, officials are not planning to retaliate, they added.
Yahoo
41 minutes ago
- Yahoo
Singapore's Keppel raises $4.9 billion in private funds for education and data centre assets
(Reuters) -Singapore's Keppel has secured S$6.3 billion ($4.91 billion) in funds under management so far this year for its private fund strategies, including education assets and data centres, the global asset manager and operator said on Thursday. The company said the raising includes around S$907 million in capital commitments from global institutional investors for its Keppel Education Asset Fund II and Keppel Data Centre Fund III. The company aims to oversee $150 billion of funds by 2030. Christina Tan, CEO of fund management and also its chief investment officer said, "Keppel's private funds continue to attract robust investor interest, underscoring the strength of our platform and the appeal of strategies aligned with transformative megatrends". The Singapore-based asset manager last week reported net profit of S$431 million for the six months ended June, while also announcing a S$500 million buyback programme. ($1 = 1.2835 Singapore dollars) Sign in to access your portfolio
