The purpose of asset allocation for high-net-worth customers through Hong Kong insurance is nothing more than a few points.
1, with USD assets, holding a single currency is risky. Converting some foreign currencies can play the role of currency hedging. No matter how the foreign exchange market changes, at least wealth can preserve its value.
2. Asset segregation. Although domestic insurance avoids taxes, its enforcement is not very good. Many life insurances have been enforced by the courts in civil litigation. The enforcement rate in Shanghai, Jiangsu, Shandong, Henan and Zhejiang is as high as 80%, and Sichuan will also enforce it at that time. Therefore, this legal risk in China is relatively high at present.
3. Assets are hidden. If you open an account abroad (HSBC, Standard Chartered, Citigroup and other banks) to buy insurance, this part of the property cannot be verified and can be well hidden and preserved.
4. Better protection costs lower. The security insurance in Hong Kong is indeed much better than that in China. Although the protection of domestic protected products is acceptable, the tax rate is too high. Setting rates for insurance companies such as Ping X is simply robbing money.
5. The source of income is clear, and the financial information of the insurance company is completely transparent. The GN 16 clause of the Hong Kong Insurance Regulatory Commission stipulates that all sources of dividends and investment destinations should be formulated, and domestic insurance companies should learn from them. At present, no insurance company publicizes the reasons for the interest rate adjustment of universal insurance accounts, and they can adjust it as they want.
Note: because of CRS, the third point is very invalid at present.
All hands up, hope to adopt.