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Financial and Monetary Affairs
Bond Market Development
Outstanding HKD debt securities, including EFBNs, totalled $1,410 billion at the end 2014.
Chart 7
HKS Billion
2,000
1,500
Total Outstanding HKD Debt Securities
1,419
1,410
1,000
1,245
1,261
1,309
0
2010
2011
2012
2013
2014
Year
An Open Insurance Market
Hong Kong continues to be one of the most open insurance centres in the world, with 14 of the world's top 20 insurers authorised to conduct insurance business in Hong Kong either directly or through a group company. Of the 158 authorised insurers at the end of 2014, 72 were from the Mainland or one of 21 overseas jurisdictions. There were 19 professional re- insurers in Hong Kong, including most of the world's top re-insurers. Gross premium income in 2014 was $329.7* billion, representing an increase of 10.1 per cent over 2013.
Chart 8
HK$ Billion
400
Annual Gross Premiums of Insurance Market
300
330*
300
263
200
234
205
100
0
2010
2011
2012
2013
2014
Year
Mandatory Provident Fund
The net asset value (NAV) of Mandatory Provident Fund (MPF) schemes stood at $565 billion at the end of 2014 with an annualised rate of return of 4 per cent for the period from December 2000 (the inception of the MPF system) to December 2014.
*
Provisional statistics.
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