The reporter learned from People's Insurance Insurance that recently, People's Insurance successfully issued “side trailer” insurance linked securities in Hong Kong to provide reinsurance coverage for offshore wind power insurance businesses covered by People's Insurance Insurance. This offering is the first “side-trailer” insurance-linked securities issuance in the Hong Kong market. It is also the first “side-trailer” insurance-linked securities issuance by a domestic insurance institution. It is another innovative practice of the company using the international capital market to diversify insurance risks after issuing catastrophe bonds in Hong Kong in 2022.

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