Core Viewpoint - The article highlights the rising trend of "new deposit" schemes in Hong Kong's insurance financing market, which promise high returns but carry significant risks, particularly due to interest rate fluctuations and reliance on non-guaranteed dividends [3][4][6]. Group 1: Market Overview - A new type of insurance financing scheme, marketed as "new deposits" or "high-level financial products," is gaining popularity, claiming annual returns exceeding 10% [8]. - These schemes involve taking out bank loans to purchase insurance policies, with the policy's cash value used as collateral [8][11]. - The current low interest rates in Hong Kong have created an environment where these financing schemes appear attractive, despite underlying risks [13][14]. Group 2: Financial Mechanics - The financing process typically requires the investor to pay 10% to 20% of the premium upfront, with the remainder financed through a bank loan [8]. - The expected returns are based on the difference between the insurance policy's promised returns and the bank's loan interest rate, which can create an "arbitrage" opportunity [8][11]. - For example, a policy with a total premium of $1 million may require an upfront payment of $181,000, with a loan covering the rest, leading to potential high annualized returns if conditions are favorable [11] . Group 3: Risks and Complaints - The article emphasizes multiple risks associated with these financing schemes, including interest rate risk, dividend realization uncertainty, and liquidity issues [4][19][20]. - Complaints related to these products have surged, with issues such as misrepresentation by sales agents and inadequate assessments of clients' financial capabilities being reported [6][21][22]. - The Hong Kong Monetary Authority has issued warnings regarding the compliance of banks and insurance companies in promoting these products, highlighting the need for proper risk disclosures [6][22].
这种“新存款”七年翻番?需要排队等额度?背后隐藏多重风险!
第一财经·2025-08-25 14:58