Typhoon Mangkhut made landfall in Hong Kong on September 16, 2018, causing severe damage. Photo: Handout
Hong Kong to become a hub for catastrophe bonds as Greater Bay Area takes shape
- Cross-border reinsurance business seen as growth market for Hong Kong
- Increased urbanisation in storm prone areas in China highlights the need for catastrophe bonds
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Typhoon Mangkhut made landfall in Hong Kong on September 16, 2018, causing severe damage. Photo: Handout
