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XChange TEC.INC Announces Acquisition of Hong Kong Insurance Brokerage Firm to Expand Market Presence

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XChange TEC (NASDAQ: XHG) has announced the acquisition of a Hong Kong-based insurance brokerage firm licensed by the Hong Kong Insurance Authority. The strategic move provides direct access to Hong Kong's insurance market and enables the company to develop specialized insurance solutions for clients across China and international markets.

The acquisition represents a significant milestone in XChange TEC's Asia-Pacific expansion strategy, positioning the company to capitalize on Hong Kong's growing insurance sector, which is driven by increasing demand from mainland Chinese clients and expatriates seeking international wealth preservation tools.

Through this strategic entry into the Hong Kong market, XChange TEC aims to establish itself as a comprehensive hub for sophisticated risk management and wealth enhancement solutions, leveraging Hong Kong's position as a global capital gateway to serve high-net-worth individuals, multinational corporations, and cross-border investors.

XChange TEC (NASDAQ: XHG) ha annunciato l'acquisizione di una società di intermediazione assicurativa con sede a Hong Kong autorizzata dall'Autorità assicurativa di Hong Kong. Questa mossa strategica offre accesso diretto al mercato assicurativo di Hong Kong e consente all'azienda di sviluppare soluzioni assicurative specializzate per i clienti in tutta la Cina e nei mercati internazionali.

L'acquisizione rappresenta una pietra miliare significativa nella strategia di espansione di XChange TEC nella regione Asia-Pacifico, posizionando l'azienda per capitalizzare sul crescente settore assicurativo di Hong Kong, alimentato dalla crescente domanda da parte di clienti cinesi del continente ed espatriati in cerca di strumenti per la preservazione della ricchezza internazionale.

Attraverso questo ingresso strategico nel mercato di Hong Kong, XChange TEC mira a stabilirsi come un hub completo per la gestione sofisticata del rischio e le soluzioni di incremento della ricchezza, sfruttando la posizione di Hong Kong come porta di accesso globale al capitale per servire individui ad alto patrimonio netto, multinazionali e investitori transfrontalieri.

XChange TEC (NASDAQ: XHG) ha anunciado la adquisición de una firma de corretaje de seguros con sede en Hong Kong licenciada por la Autoridad de Seguros de Hong Kong. Este movimiento estratégico proporciona acceso directo al mercado de seguros de Hong Kong y permite a la empresa desarrollar soluciones de seguros especializadas para clientes en toda China y en mercados internacionales.

La adquisición representa un hito significativo en la estrategia de expansión de XChange TEC en la región de Asia-Pacífico, posicionando a la empresa para capitalizar el creciente sector de seguros de Hong Kong, impulsado por la creciente demanda de clientes chinos del continente y expatriados que buscan herramientas de preservación de riqueza internacional.

A través de esta entrada estratégica en el mercado de Hong Kong, XChange TEC busca establecerse como un centro integral para la gestión de riesgos sofisticada y soluciones de mejora de la riqueza, aprovechando la posición de Hong Kong como una puerta de entrada global al capital para servir a individuos de alto patrimonio neto, corporaciones multinacionales e inversores transfronterizos.

XChange TEC (NASDAQ: XHG)는 홍콩에 본사를 둔 보험 중개업체를 홍콩 보험청의 허가를 받아 인수했다고 발표했습니다. 이 전략적 움직임은 홍콩의 보험 시장에 직접 접근할 수 있는 기회를 제공하며, 중국 전역과 국제 시장의 고객을 위해 전문화된 보험 솔루션을 개발할 수 있게 합니다.

이번 인수는 XChange TEC의 아시아-태평양 확장 전략에서 중요한 이정표를 나타내며, 홍콩의 성장하는 보험 부문을 활용하여 본토 중국 고객과 국제 재산 보호 도구를 찾는 외국인 고객의 증가하는 수요에 대응할 수 있는 위치에 회사를 두고 있습니다.

홍콩 시장에의 이러한 전략적 진입을 통해 XChange TEC는 고급 위험 관리 및 자산 증대 솔루션을 위한 종합 허브로 자리 잡고, 고액 자산가, 다국적 기업 및 국경을 초월한 투자자들을 서비스하기 위해 홍콩의 글로벌 자본 관문으로서의 위치를 활용하고자 합니다.

XChange TEC (NASDAQ: XHG) a annoncé l'acquisition d'une société de courtage d'assurance basée à Hong Kong agréée par l'Autorité des assurances de Hong Kong. Ce mouvement stratégique offre un accès direct au marché de l'assurance de Hong Kong et permet à l'entreprise de développer des solutions d'assurance spécialisées pour des clients à travers la Chine et les marchés internationaux.

L'acquisition représente une étape importante dans la stratégie d'expansion d'XChange TEC dans la région Asie-Pacifique, positionnant l'entreprise pour tirer parti du secteur de l'assurance en pleine croissance de Hong Kong, stimulé par la demande croissante des clients chinois continentaux et des expatriés recherchant des outils de préservation de la richesse internationale.

Grâce à cette entrée stratégique sur le marché de Hong Kong, XChange TEC vise à s'établir comme un hub complet pour la gestion des risques sophistiquée et les solutions d'amélioration de la richesse, en tirant parti de la position de Hong Kong en tant que porte d'entrée mondiale du capital pour servir les particuliers fortunés, les entreprises multinationales et les investisseurs transfrontaliers.

XChange TEC (NASDAQ: XHG) hat die Übernahme eines in Hongkong ansässigen Versicherungsmaklerunternehmens bekannt gegeben, das von der Hongkonger Versicherungsbehörde lizenziert ist. Dieser strategische Schritt bietet direkten Zugang zum Versicherungsmarkt in Hongkong und ermöglicht es dem Unternehmen, spezialisierte Versicherungslösungen für Kunden in ganz China und internationalen Märkten zu entwickeln.

Die Übernahme stellt einen bedeutenden Meilenstein in der Expansionsstrategie von XChange TEC im asiatisch-pazifischen Raum dar und positioniert das Unternehmen, um von dem wachsenden Versicherungssektor Hongkongs zu profitieren, der durch die steigende Nachfrage von Festlandchinesen und Expats, die internationale Vermögenserhaltungsinstrumente suchen, angetrieben wird.

Durch diesen strategischen Einstieg in den Hongkonger Markt strebt XChange TEC an, sich als umfassendes Zentrum für anspruchsvolles Risikomanagement und Vermögenssteigerungslösungen zu etablieren und die Position Hongkongs als globales Kapitaltor zu nutzen, um wohlhabende Einzelpersonen, multinationale Unternehmen und grenzüberschreitende Investoren zu bedienen.

Positive
  • Direct access to Hong Kong's growing insurance market
  • Expansion of service capabilities for mainland Chinese and international clients
  • Strategic positioning in a key global financial gateway
  • Regulatory approval through Hong Kong Insurance Authority license
Negative
  • None.

SHANGHAI, April 4, 2025 /PRNewswire/ -- XChange TEC.INC (NASDAQ: XHG) (the "Company"), today announced the acquisition of a Hong Kong-based insurance brokerage firm licensed by the Hong Kong Insurance Authority. This transaction grants the Company direct access to Hong Kong's dynamic insurance market and paves the way for the Company to launch tailored insurance solutions for clients across China and international markets.

The acquisition marks a critical milestone in the Company's Asia-Pacific growth strategy. Hong Kong's insurance sector has demonstrated robust growth driven by rising demand from mainland Chinese clients and expatriates seeking international-standard wealth preservation tools. As a gateway linking global capital flows, Hong Kong offers unparalleled opportunities to serve high-net-worth individuals, multinational corporations, and cross-border investors. The Company's entry into Hong Kong market aligns with the vision to become a one-stop hub for clients seeking sophisticated risk management and wealth enhancement solutions. The local regulatory capabilities allow the Company's business team to deliver innovative insurance products that meet the evolving needs of Asia's affluent population.

About XChange TEC.INC

XChange TEC.INC, through its subsidiaries and consolidated variable interest entities, operates insurance agency and insurance technology business. The insurance agency is PRC-licensed and operates nationwide in the PRC with a wide range of insurance products underwritten by major insurance companies, including industry leading and/or state-owned property and casualty insurance companies as well as certain regional property and casualty insurance companies in China. The insurance technology business is focused on operating and developing insurance technology in the PRC, including developing SaaS platform to connect consumers and underwriting support.

Forward-Looking Statements

This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. The Company's actual results may differ materially from those expressed in any forward-looking statements as a result of various factors and uncertainties. The reports filed by the Company with the Securities and Exchange Commission discuss these and other important factors and risks that may affect the Company's business, results of operations and financial conditions. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

Cision View original content:https://www.prnewswire.com/news-releases/xchange-tecinc-announces-acquisition-of-hong-kong-insurance-brokerage-firm-to-expand-market-presence-302420655.html

SOURCE XChange TEC.INC

FAQ

What is the strategic significance of XHG's Hong Kong insurance brokerage acquisition?

The acquisition provides XHG direct access to Hong Kong's insurance market, enables development of tailored insurance solutions, and strengthens its position in serving mainland Chinese clients and expatriates.

How will XHG's acquisition impact its market presence in Asia-Pacific?

The acquisition marks a critical milestone in XHG's Asia-Pacific growth strategy, establishing a presence in Hong Kong as a gateway for serving high-net-worth individuals and cross-border investors.

What target markets will XHG serve through its new Hong Kong insurance brokerage?

XHG will serve high-net-worth individuals, multinational corporations, and cross-border investors seeking international-standard wealth preservation tools.

What regulatory advantages does XHG gain from the Hong Kong insurance acquisition?

The acquisition provides XHG with local regulatory capabilities through Hong Kong Insurance Authority licensing, enabling delivery of innovative insurance products.
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