Expanding Its Diversified Distribution Network and Opening a New Chapter in Business Development

HONG KONG, Nov. 4, 2026 /PRNewswire/ -- Hong Kong Life Insurance Limited ("Hong Kong Life") today announced the official launch of its insurance brokerage distribution channel at the Hong Kong Life Insurance Brokerage Business Launch Ceremony. The launch marks a significant milestone in the Company's business expansion and the development of its diversified distribution network. The event brought together management from Yuexiu Group and Hong Kong Life, representatives of insurance brokerage firms and industry partners, to witness this important milestone in Hong Kong Life's business development.

The year 2026 marks Hong Kong Life's 25th anniversary and its first anniversary as a member of Yuexiu Group. Building on its solid business foundation in Hong Kong and the support and resource strengths of Yuexiu Group, Hong Kong Life is actively advancing its business development strategy. While continuing to strengthen its established bancassurance business, the Company is expanding its insurance brokerage channel to build a more comprehensive distribution and service network, providing customers with a wider range of life protection and wealth management solutions.

Mr. Raymond Chang, Chief Executive of Hong Kong Life, said, "Hong Kong Life has been rooted in Hong Kong for 25 years and has remained committed to providing customers with quality life protection and wealth management services. The official launch of our insurance brokerage channel marks an important milestone in our business expansion and the development of our distribution network. We look forward to building relationships based on mutual trust and shared success with our insurance brokerage partners. By continuously enhancing the competitiveness of our products, operational efficiency and service quality, we aim to work together to create greater value for our customers and business partners."

In response to increasingly diverse market needs for wealth growth, wealth transfer, protection and retirement planning, Hong Kong Life recognises the important role of insurance brokerage partners in understanding market trends, identifying customer needs and providing professional services. Through the expansion of its insurance brokerage channel, the Company aims to work closely with brokerage partners with extensive market experience and professional expertise to provide insurance and wealth management solutions better suited to the needs of different customer segments.

Hong Kong Life will continue to enhance its products and services and introduce new offerings, improve operational efficiency and advance digitalisation. The Company will also strengthen product training, sales support and brand promotion to build a solid and sustainable platform for collaboration with its insurance brokerage partners.

Looking ahead, Hong Kong Life will continue to draw on its strengths as a Hong Kong-based insurer with connections to the Guangdong-Hong Kong-Macao Greater Bay Area to explore business development and cross-sector collaboration opportunities. By further developing its diversified distribution channels, the Company remains committed to providing customers with more comprehensive, high-quality insurance services.

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About Hong Kong Life

Hong Kong Life Insurance Limited ("Hong Kong Life") was established in 2001 and is committed to providing customers with comprehensive and convenient insurance and wealth management services through an extensive distribution network of approximately 130 distribution locations, including Chong Hing Bank, CMB Wing Lung Bank, OCBC Bank (Hong Kong), and Shanghai Commercial Bank. Yue Xiu Enterprises (Holdings) Limited, a subsidiary of Yuexiu Group, successfully completed its acquisition of Hong Kong Life on 9 October 2025, and Hong Kong Life officially became a member of Yuexiu Group. The Company commenced business through its insurance brokerage channel in the fourth quarter of 2026.

About Yuexiu Group

Yuexiu Group is a conglomerate ranking top in asset size among all state-owned enterprises in Guangzhou, having strong presence across different sectors including banking and finance, real estate, transportation infrastructure and food, etc. Yuexiu Group holds six listed platforms, namely Yuexiu Property (123.HK), Yuexiu Transport Infrastructure (1052.HK), Yuexiu Real Estate Investment Trust (405.HK), Yuexiu Services (6626.HK), Yuexiu Financial Holdings Group Co. Ltd. (000987.SZ) and China Asset Management – Yuexiu Highway REIT (180202.SZ). Yuexiu Group is also the holding company of Chong Hing Bank Limited and Chong Hing Insurance Company Limited.