XChange TEC expands into Hong Kong with acquisition

GlobalData

Mon, Apr 7, 2025, 2:48 AM 1 min read

XChange TEC has strengthened its beingness successful Asia-Pacific with the acquisition of an security brokerage successful Hong Kong.

This determination offers the institution “direct access” to the Hong Kong security market, with plans to rotation retired customised security solutions for clients crossed China and planetary markets.

XChange TEC said that the acquisition of the brokerage, licensed by the Hong Kong Insurance Authority, is simply a “critical milestone” successful its Asia-Pacific maturation program and volition assistance it payment from Hong Kong's increasing security sector, which has experienced precocious request from mainland Chinese clients and expatriates.

The determination into Hong Kong supports XChange TEC’s purpose to go the “one-stop” hub for hazard absorption and wealthiness enhancement solutions.

Hong Kong's security assemblage serves arsenic a planetary superior gateway, the institution said successful a statement.

The portion offers opportunities to cater to the needs of high-net-worth individuals, multinational corporations and cross-border investors, it added.

XChange is an security bureau and security exertion concern with subsidiaries and consolidated adaptable involvement entities.

The security agency, licensed successful China, offers an array of security products and operates nationwide, collaborating with some state-owned and determination spot and casualty security companies successful China.

The company's security exertion limb focuses connected processing and operating security exertion successful China, including a software-as-a-service level that bridges the spread betwixt consumers and underwriting support.

In November 2024, XChange regained compliance with NASDAQ's minimum bid terms requirement, pursuing a anterior announcement from the speech indicating non-compliance with the rule.

"XChange TEC expands into Hong Kong with acquisition " was primitively created and published by Life Insurance International, a GlobalData owned brand.