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Hong Kong puts Insurtech in the fast lane


Hong Kong is granting its first license to an online-only company next month as it improves its fintech game.

Hong Kong Insurance Authority (HKIA) CEO Clement Cheung said Reuters it plans to grant its first license next month due to its fast-track system.

This is the first license issued through HKIA’s fast-track system, following the example of Singapore.

This fast track system is HK’s way of countering criticism that it doesn’t …



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