Core Viewpoint - The Hong Kong insurance industry is prepared for the implementation of the "Yue Che Nan Xia" policy, which allows vehicles from Guangdong to enter Hong Kong, with specific insurance products and premiums being designed for this initiative [1] Group 1: Insurance Arrangements - The Hong Kong government aims to implement the "Yue Che Nan Xia" policy by November this year, allowing an initial quota of 100 vehicles per day to enter Hong Kong [1] - All vehicles using border parking lots and entering urban areas must purchase third-party liability insurance [1] - Hong Kong insurance companies are ready to provide the necessary insurance arrangements, with initial applicants able to purchase policies through company websites [1] Group 2: Product Design and Premiums - The Hong Kong Insurance Industry Association plans to create a dedicated online section for "Yue Che Nan Xia" insurance products [1] - Due to current regulations, Hong Kong insurance companies cannot promote or market products in mainland China, but there is hope for future regulatory adjustments to facilitate insurance applications for Guangdong vehicles [1] - The insurance industry anticipates that vehicles will not stay in Hong Kong for long, leading to the design of short-term insurance policies with adjusted premiums [1]