Core Viewpoint - The recent surge in demand for Hong Kong insurance products, particularly dividend insurance, has attracted attention due to the lowered demonstration interest rates, leading many mainland residents to travel to Hong Kong for purchases, despite underlying risks [1][3]. Group 1: Market Trends - The total insurance premium from mainland visitors to Hong Kong in 2024 reached HKD 627.98 billion, a 6.49% increase from HKD 589.71 billion in 2023 [3]. - In 2024, the quarterly breakdown of premiums shows HKD 156 billion in Q1, HKD 141 billion in Q2, HKD 170 billion in Q3, and a significant contribution of 29% to Hong Kong's new policy premiums [3]. - The demand for new business premiums is primarily driven by whole life and savings insurance, which together account for 62.1% of new policies, with whole life insurance at 58.5% and savings insurance at 3.6% [5]. Group 2: Regulatory Concerns - The Hebei Financial Regulatory Bureau issued warnings about the risks associated with purchasing overseas insurance, highlighting that such policies are not protected under domestic laws and carry various risks including exchange rate fluctuations and high claims costs [3][6]. - The Hong Kong Insurance Authority has emphasized the importance of purchasing insurance through legitimate channels and avoiding illegal transactions, particularly those promising high returns [3][8]. - The Hong Kong Insurance Authority has been actively combating illegal sales and has a zero-tolerance policy towards unlicensed insurance sales, with severe penalties for violations [9][10]. Group 3: Consumer Guidance - The Hong Kong Insurance Authority advises mainland visitors to follow seven key guidelines when purchasing insurance in Hong Kong, including personally visiting, avoiding unlicensed agents, and understanding product features and risks [8]. - The differences in legal and regulatory frameworks between Hong Kong and mainland China necessitate that consumers familiarize themselves with local insurance laws and potential policy changes [6][10].