[Hong Kong Insurance Authority Proposes New Regulations to Guide Insurance Funds into Crypto Assets and Infrastructure] The Hong Kong Insurance Authority has proposed new regulations to guide insurance funds into the crypto assets and infrastructure sectors. According to a presentation document dated December 4, a 100% risk capital requirement is proposed for crypto assets, while investment requirements for stablecoins will depend on the fiat currency pegged by Hong Kong's stablecoin regulations. The proposal is expected to undergo public consultation from February to April next year, followed by legislative submission. Additionally, the new regulations propose capital incentives for investments in infrastructure projects linked to Hong Kong, mainland China, or Hong Kong-based projects. As of 2024, the total premium income of Hong Kong's insurance industry is approximately HK$635 billion.