Core Points - The "Yue Che Nan Xia" initiative is expected to be implemented as early as November 2023, with preparations for supporting measures, including insurance, underway [1][2] - The Hong Kong government aims to facilitate the entry of vehicles from Guangdong through the Hong Kong-Zhuhai-Macao Bridge, with a focus on both city entry and "park and transfer" options [2][4] Group 1: Implementation Details - The initial phase will allow 100 reservations per day for vehicles entering Hong Kong, with a maximum stay of three days [2] - Vehicles must purchase third-party liability insurance, and several insurance companies in Hong Kong are preparing to offer short-term insurance products [2][3] Group 2: Insurance Products - Insurance premiums for vehicles entering Hong Kong are expected to range from several hundred to one thousand Hong Kong dollars, with electric vehicles generally having higher premiums [3][4] - Some insurance agencies have already launched a reservation service for "Yue Che Nan Xia" insurance, while others are still awaiting government regulations [3][4] Group 3: Regulatory Environment - The Hong Kong Insurance Authority is in close communication with the government and the insurance industry regarding the insurance arrangements for "Yue Che Nan Xia" [4] - There are strict regulations on cross-border insurance promotion, and there are calls for special arrangements to facilitate insurance marketing in mainland China [4][5] Group 4: Related Initiatives - The "Yue Che Nan Xia" initiative aligns with the Greater Bay Area Development Plan, aiming to enhance the convenience of vehicle and personnel movement between Hong Kong and mainland China [4][5] - The "Hong Kong Vehicle Northbound" initiative has already established a cross-border insurance mechanism, providing a model for the "Yue Che Nan Xia" insurance collaboration [5]