On November 17, the unveiling ceremony for the Hong Kong Shipowners Mutual Assurance Association Limited was held at the Hong Kong Convention and Exhibition Centre. Vice Chairman of the National Committee of the Chinese People’s Political Consultative Conference Leung Chun-ying, Chief Executive of the Hong Kong Special Administrative Region John Lee, Director of the Liaison Office of the Central People’s Government in the Hong Kong S.A.R. Zhou Ji, Vice Minister of Transport Fu Xuyin, Chairman of China Merchants Group Miao Jianmin, and Chairman of the China Shipowners Mutual Assurance Association Xu Lirong attended the ceremony and witnessed the unveiling. Secretary for Transport and Logistics of the Hong Kong SAR Government Chen Meibao and General Manager of the China Shipowners Mutual Assurance Association Song Chunfeng jointly unveiled the plaque for the Hong Kong Shipowners Mutual Assurance Association Limited. The unveiling ceremony served as one of the key segments of the opening ceremony for the “2025 Hong Kong Maritime Week” and the “2025 World Maritime Merchants Conference”.
In his speech, Chairman Xu Lirong stated that the establishment of the Hong Kong Shipowners Mutual Assurance Association Limited marks a further step in the integration of China’s shipowners mutual assurance endeavors with international standards. The Hong Kong Shipowners Mutual Assurance Association Limited will fully leverage Hong Kong’s status as an international trade, shipping, and financial center, deeply integrate into the Hong Kong marine insurance market, and provide shipowners with one-stop insurance services covering Protection & Indemnity insurance and other types of coverage. It will vigorously promote the integration and linkage of the marine insurance markets in Hong Kong and the Mainland, fully stimulate the vitality of Hong Kong’s marine insurance market, and continuously explore the potential for cooperation in marine insurance between the two places. Based in Hong Kong, it will continue to drive the coordinated development of the entire shipping industry chain, fostering industry consensus and enabling industry transformation and upgrading with a global perspective and innovative thinking.
As China’s only and Asia’s largest international P&I Club, the China Shipowners Mutual Assurance Association, in line with national development strategy needs, reached a cooperation consensus with the Hong Kong SAR Government on establishing a local shipowners mutual insurance institution in Hong Kong. With the guidance and support of the Ministry of Transport, the Hong Kong SAR Government, and the Transport and Logistics Bureau of the Hong Kong SAR Government, the China Shipowners Mutual Assurance Association initiated the establishment of the Hong Kong Shipowners Mutual Assurance Association Limited, viewing this move as an important strategic support to enhance underwriting capacity and global service levels, and to promote high-quality, sustainable development in the industry.
