“二套转首套”可享个税抵扣；许晓征任深圳金融监管局副局长丨金融早参

Regulatory Changes - The Financial Regulatory Bureau has revised the "Management Measures for the Qualifications of Directors and Senior Management Personnel of Banking Financial Institutions," effective June 1, 2025, emphasizing proportional penalties and clarifying the impact of regulatory punishments on executives [1] - The revisions aim to enhance the responsibility of financial institutions, requiring them to improve the selection and appointment processes for senior executives [1] Housing Market Policies - The State Taxation Administration confirmed that individuals transitioning from a second home loan to a first home loan can enjoy special tax deductions on housing loan interest, as part of efforts to stabilize the housing market [2] - This policy is expected to reduce the financial burden on homebuyers and stimulate demand for existing home loan replacements, particularly benefiting developers focused on improving housing products in core cities [2] Corporate Developments - Ant Group's wholly-owned subsidiary, Shanghai Yunjin Information Technology Co., has made a tender offer to acquire 50.55% of the shares of Yau Tat Securities at HKD 3.28 per share, indicating a significant move by a tech giant into the brokerage sector [4] - This acquisition is anticipated to drive Yau Tat Securities' business growth and digital transformation, potentially reshaping its operational model and enhancing its service capabilities [4] Insurance Market Insights - The Hong Kong Insurance Authority reported that new premiums from mainland visitors reached HKD 62.8 billion in 2024, a 6.5% increase year-on-year, contributing to 28.6% of total new individual policy premiums [5] - The overall new policy premiums in Hong Kong's insurance industry reached a record high of HKD 219.8 billion, reflecting a 21.4% year-on-year growth, indicating a robust market environment [6]