Source:
https://scmp.com/business/money/markets-investing/article/1556927/government-stands-best-interest-clause-proposed
Money/ Markets & Investing

Government stands by best interest clause in proposed insurance law

Consumer protection provision will remain in insurance bill, the government says

The Hong Kong Federation of Insurers is opposed to the best interest provision.

The government said it will not agree to insurance industry requests to scrap a provision in proposed legislation requiring all insurance salespeople to act in the "best interest" of their clients.

Deputy secretary of financial services Eddie Cheung Kwok-choi said the provision was needed to protect the public.