TENCENT(00700) 智通财经网·2025-03-28 06:32Group 1 - Tencent has established FuSure Reinsurance, which recently received a long-term insurance license from the Hong Kong Insurance Authority, allowing it to integrate its general insurance business into a composite license management system [1] - FuSure Reinsurance aims to diversify its product line and expand into international markets, focusing on low-volatility personal risk reinsurance products such as health and accident insurance, while also exploring innovation opportunities in health, auto, pet, cyber security, and liability insurance [1] - The company was registered in Hong Kong in May 2020 with a registered capital of HKD 1 billion, with Tencent holding an 85.01% stake and Grand Azure Limited holding the remaining 14.99% [1] Group 2 - The Hong Kong Insurance Authority emphasizes Hong Kong's role as a "super connector" between mainland China and international markets, facilitating mainland companies' expansion abroad and helping to diversify insurance risks [2] - The authority encourages the industry to develop innovative solutions for monitoring, transferring, mitigating, and managing risks for both mainland and overseas clients, enhancing Hong Kong's status as a global risk management center [2] - All professional reinsurance companies in Hong Kong can benefit from a 50% reduction in profits tax for their reinsurance business [2]