Secretary for Transport & Housing Prof Anthony Cheung has welcomed the International Union of Marine Insurance's announcement to set up its Asian Hub in Hong Kong, the first offshoot outside its German headquarters.
At the fourth Asia Marine Insurance Conference today, Prof Cheung said the union's decision recognises the increasing importance of Asia in the marine insurance industry, and highlights Hong Kong's position as a prominent industry player in Asia.
"The Asian Hub will promote the development of marine insurance in Hong Kong, as well as in the Mainland and the rest of the Asia-Pacific region, and connect with the industry around the region.
"By unleashing the unique advantages and soft power of Hong Kong's maritime industry, the Asian Hub will further raise Hong Kong's profile as a maritime services hub."
The national Belt & Road Initiative presents a wealth of opportunities to the maritime and insurance industries, he added.
