On the 26th, the State Administration of Financial Supervision and Administration of China issued a notice on matters related to financial institutions in Hong Kong and Macau investing in insurance companies. Starting from March 1st of this year, financial institutions in Hong Kong and Macau will no longer comply with the requirement of "total assets not less than two billion US dollars at the end of the most recent year" when investing in domestic insurance companies. It is reported that in October 2024, the mainland, Hong Kong, and Macau respectively signed Agreement II on Amending the Service Trade Agreement of the Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA) and Agreement II on Amending the Service Trade Agreement of the Mainland and Macau Closer Economic Partnership Arrangement (CEPA), which adjusted the qualification requirements for Hong Kong and Macau financial institutions to invest in domestic insurance companies. The State Administration for Financial Regulation stated that the issuance of the notice is an important measure to orderly expand financial opening up to the outside world, which is conducive to attracting high-quality financial institutions from Hong Kong and Macao to invest and invest in mainland insurance companies, further enhancing capital strength, optimizing equity structure, and deepening open cooperation with Hong Kong and Macao. (New Society)