[Hong Kong Federation of Insurers Responds to Rumors of '20% Tax on Overseas Policy Income in Mainland China': Relevant Authorities Have Yet to Issue Official Policy Documents] According to a report by Yicai Global, in response to recent market discussions surrounding the rumor of 'a 20% personal income tax on overseas policy income in mainland China,' the Hong Kong Federation of Insurers (HKFI) issued a statement today. HKFI noted that, as of now, relevant authorities have not released any official policy documents or implementation details. HKFI is actively monitoring and closely following developments on this matter. Therefore, HKFI will not speculate or comment on the discussions and rumors at this time. In its response, HKFI emphasized that the demand for protection, wealth inheritance, and asset allocation among clients is expected to remain strong. As an international financial center, Hong Kong offers advantages in insurance products, including flexible product design, multi-currency allocation, wealth inheritance planning, and professional services. HKFI believes that for clients with such needs, the Hong Kong insurance market remains attractive and competitive overall.