The share price of AIA Group, the largest life insurer in Hong Kong, has slid 20 per cent from its peak in October. Photo: AFP

China’s new forex control threatens further blow to Hong Kong’s insurance sector

As of January 1, individuals are required to explain the purpose of their foreign currency purchases at Chinese banks, under new regulations

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The share price of AIA Group, the largest life insurer in Hong Kong, has slid 20 per cent from its peak in October. Photo: AFP
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