Hong Kong’s Financial Services and the Treasury Bureau (FSTB) published a statement welcoming Manulife (International) Limited’s plan to expand its investment and operations in Hong Kong following its re-domiciliation in December 2025. The plan includes further investment in artificial intelligence and relocating its Chief Artificial Intelligence Officer, Asia, to Hong Kong. The FSTB linked Manulife’s expansion to its policy agenda to promote the responsible adoption of AI by financial institutions, including ongoing work with regulators and industry to optimise the regulatory regime. It pointed to the 2026-27 Budget’s proposal to build an ecosystem conducive to AI applications, and to the FSTB’s October 2024 Policy Statement on Responsible Application of Artificial Intelligence in the Financial Market, which sets out a “dual-track parallel” approach combining support for safe and responsible AI use with an emphasis on cybersecurity, data privacy and intellectual property protection. The release also cited recent insurance-sector investment developments, including the Insurance Authority’s March 3 authorisation of a captive insurer established in Hong Kong by China National Nuclear Corporation, bringing the number of captive insurers in Hong Kong to seven.
Financial Services and the Treasury Bureau (Hong Kong) 2026-03-23
Hong Kong Financial Services and the Treasury Bureau welcomes Manulife’s expansion and increased AI investment after re-domiciliation
The Financial Services and the Treasury Bureau (FSTB) of Hong Kong welcomed Manulife (International) Limited's plan to expand its investment and operations in Hong Kong, including further investment in artificial intelligence. This aligns with FSTB's policy agenda to promote responsible AI adoption by financial institutions, supported by the 2026-27 Budget and the October 2024 Policy Statement on AI. The FSTB also noted the Insurance Authority's authorization of a captive insurer by China National Nuclear Corporation.