Participating Products
Regulatory DisclosureParticipating Business Committee
Dividend Philosophy
Fulfillment Ratio
Participating Business Committee
To enhance the corporate governance structure and comply with Hong Kong Insurance Authority's Guideline 34, China Pacific Life Insurance (H.K.) Company Limited. established a Participating Business Committee on January 1, 2026. The committee provides independent and objective recommendations to the Board of Directors regarding policy dividends and reports directly to the Board.
Participating Business Committee’s Duties
The core function of the Participating Business Committee is to conduct independent assessment and professional oversight of the management of participating funds within a clearly defined mandate. Its specific responsibilities encompass reviewing the fairness of participating policies, the reasonableness of surplus distribution mechanisms, the risk profile of the funds, and the transparency of information disclosure, among other key matters, to ensure policyholders are treated fairly. The insurance company must provide the Committee with adequate resources, including data access and professional advisory support, to ensure its effective functioning. If the Board of Directors makes decisions that deviate from the Committee's advice and potentially harm policyholders' interests, the Committee must alert the Board and report to the Insurance Authority as required.
List of Members of Participating Business Committee
Chairperson: Mr. AU Chi LaiMr. AU Chi Lai is a Partner at Deloitte based in Hong Kong, with over 25 years of industry experience and professional actuarial qualifications, specializing in actuarial practice within the life insurance sector. He has particular expertise in participating business management, having independently reviewed changes to participating mechanisms, evaluated asset share methodologies, and provided professional recommendations. Furthermore, he has led financial transformation, process automation, and regulatory reporting optimization projects related to participating business for several multinational insurance companies.
Member: Ms. WANG MingqiMs. Wang Mingqi is a senior actuarial expert with over 20 years of experience. She has held senior management positions such as Chief Actuary at several well-known insurance companies over many years. She possesses profound expertise in participating business management, having led the formulation of key decisions such as profit distribution plans for participating business, while also overseeing actuarial valuation, product strategy, and reinsurance arrangements. Furthermore, she is comprehensively responsible for key functions including actuarial valuation, product strategy, financial forecasting, and capital planning.
Member: Mr. Simon, LAM Yat TungMr. Simon Lam currently serves as the Co-Chief Executive Officer and a member of the Board of Directors at China Pacific Life Insurance (H.K.) Company Limited. He possesses over 25 years of extensive management experience in the life insurance and reinsurance sectors across Hong Kong and Southeast Asia markets. Throughout his career, he has held key positions such as Chief Actuary, Head of Business Development and Deputy Chief Executive Officer in several insurance companies.
Mr. Lam holds an Executive Master of Business Administration (EMBA) degree and is a Fellow member of the Society of Actuaries (SOA), as well as a member of the Association of Chartered Certified Accountants (ACCA).
Annual Statement from Participating Business Committee
Annual statement from Participating Business Committee will be disclosed by 31st Dec, 2026.
