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Financial and Monetary Affairs
Open Insurance Market
Hong Kong continues to be one of the most open insurance centres in the world. Of the 157 authorised insurers at the end of 2015, 71 were from the Mainland or one of 21 overseas jurisdictions. In addition, 14 of the world's top 20 insurers were authorised to conduct insurance business in Hong Kong either directly or through a group company. The city had 19 professional re-insurers, including most of the world's top re-insurers. Gross premium income was $365.77* billion, representing an increase of 7.8 per cent over 2014.
Chart 8
Annual Gross Premiums of Insurance Market
HK$ Billion
400
300
366*
339
300
00000
100
200
263
234
0
2011
2012
2013
2014
2015
Year
Mandatory Provident Fund
Mandatory Provident Fund (MPF) schemes had a net asset value (NAV) of $591 billion at the end of 2015 and an annualised rate of return of 3 per cent between December 2000, when the MPF System was launched, and December 2015.
Chart 9
HK$ Billion
600
Total NAV of MPF Schemes
591
565
400
514
440
356
200
2011
2012
2013
Year
2014
2015
Product Offerings in Commodity Trading
Hong Kong operates one of the most active physical gold markets in the world and is one of Asia's largest over-the-counter gold trading centres. Spot gold can be traded through two closely related yet independent markets: the Chinese Gold and Silver Exchange Society and the
* Provisional statistics.
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