Established in 1974, Min Xin Insurance Company Limited (“Min Xin Insurance”) is one of the Chinese insurance companies and incorporated in Hong Kong with approval from Insurance Authority in Hong Kong and Autoridade Monetária De Macau in Macau. It has rooted in Hong Kong and Macau for more than 51 years. As of Dec 31, 2024，total assets and shareholder's fund of Min Xin Insurance were HK$533 million and HK$342 million respectively. Min Xin Insurance reported insurance revenue for the year of 2024 is HK$188million, and shareholders account for profit after tax which is HK$13.81 million. Min Xin Insurance is in healthy financial position and has no bank liabilities and operates steadily.
Min Xin Insurance offers various types of insurance products and services in Hong Kong and Macau, included but not limited to Personal Accident Insurance, Travel Insurance, Domestic Helper's Insurance, Motor Insurance, Fire Insurance, Employees' Compensation Insurance, Public Liability Insurance, Money Insurance, Marine Cargo Insurance and Interior Decoration Insurance. Min Xin Insurance takes the advantages of operating in Hong Kong and Macau to provide customers with Hong Kong-Zhuhai-Macao Bridge motor insurance and better serve customers in Hong Kong and Macau, and is well received by customers.
Min Xin Insurance is actively developing the insurance business from Fujian background companies in Hong Kong which is supplemented by the sales channels of insurance intermediaries, and expands insurance businesses of different types. In Macau, the source of business is mainly through local commercial banks (including Industrial and Commercial Bank of China and some financial institutions associated with Min Xin Group, for example, Luso International Banking limited) and Min Xin Insurance have already developed businesses cooperation with many commercial banks, becoming one of the insurance companies with strong bancassurance business capabilities in Macau. The quality of service is well received by cooperative banks. Min Xin Insurance will continue to deepen its bancassurance business, to explore different sales channels, actively to build an online insurance electronic platform, and continuously explore convenient, sustainable and profitable insurance types through cross-selling to grow together with business partners, sincerely to serve customers and achieve a good situation of win-win for all parties.
Min Xin Insurance has been deeply involved in the Hong Kong and Macau markets for more than 50 years. In order to protect the rights and interests of customers and provide high-quality protection, Min Xin Insurance has always maintained a very high solvency, and continuously manages and evaluates insurance risks in a scientific and effective manner. At the same time, Min Xin Insurance adopts world-famous companies with high credit rating multinational companies as reinsurance intermediaries and reinsurance companies to effectively manage and diversify risks and provide customers with safe protection, Min Xin Insurance has been prudent from beginning and persistent to meet its vision.
Min Xin Insurance adheres to core value of “customer-centric, risk-based, sincere service and due compliance” to meet the vision of being a socially responsible and “small but excellent” insurance company with affordable products. With many years of operating experience, we continue to provide high-quality insurance services for all walks of life.
Min Xin Holdings Limited (referred to as "Min Xin Group") was incorporated in Hong Kong on December 30, 1980, and was listed on the Hong Kong Exchanges and Clearing Limited on June 28, 1982 (stock code: 222). In 1987, Fujian Investment Group, which is an enterprise directly under the People's Government of Fujian Province, acquired the controlling rights of Min Xin Group. The controlling shareholder of Min Xin Group is Fujian Investment Group which holds 59.53% of the total issued share of Min Xin Group.
Mr WANG Fei is the Chairman of the Board of Directors and Executive Director of Min Xin Holdings, Mr HUANG Wensheng is the Vice Chairman of the Board of Directors and Executive Director.
As of 31 December 2023, Min Xin Group has issued 597 million shares and the total assets and shareholders' equity of Min Xin Holdings was HK$9.18 billion and HK$8.07 billion respectively, and its businesses are principally engaged in financial services, insurance, property investment and energy investment.
Milestones
On December 19, 2025, Min Xin Insurance Company Limited was affirmed for the second consecutive year by the international rating agency AM Best, with its Financial Strength Rating maintained at B++ (Good) and its Long-Term Issuer Credit Rating at bbb+ (Good). The rating outlook was further upgraded to "Positive," fully demonstrating the company's robust financial performance and continuously enhanced market credibility.
On 25 June 2025, Min Xin Insurance Co., Ltd. and Chiyu Bank Signed Strategic Cooperation Memorandum.
On 23 December 2024, AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of bbb+ (Good) to Min Xin Insurance Company Limited (Hong Kong). The outlook assigned to these Credit Ratings (ratings) is stable.
Under the“unilateral recognition” arrangement, Hong Kong private car owners who enter Guangdong under the scheme can procure the Unilateral Recognition policy (URP) products from Min Xin Insurance with coverage extended to include statutory third-party liability motor insurance for the Mainland, thus dispensing with the need to buy a separate policy from a Mainland insurer.
Min Xin Insurance has been approved to sell insurance for the “Northbound Travel for Macao Vehicles”insurance product.
Under the“unilateral recognition” arrangement, Min Xin Insurance provides the new insurance for Guangdong-bound vehicles. These insurances are identical to the compulsory third-party liability insurance for traffic accidents and Mainland China third-party liability insurance.
After the opening of the Hong Kong-Zhuhai-Macao Bridge to traffic, the Company provides a one-stop arrangement for the convenience of car owners and drivers to purchase the compulsory motor insurance in Hong Kong, the Mainland or/and Macau.
The Company signed a tripartite memorandum of cooperation with Luso International Banking Limited and Air Macau.
The Company launched Min Xin Annual Trip Travel Insurance Plan (Macau).
The Company held Launching Ceremony of Min Xin Personal Accident Comprehensive Insurance Plan and Min Xin Home Package Insurance at World Trade Centre Club Hong Kong.
The Company held Launching Ceremony of Min Xin Travel Package Insurance at Macau Tower.
The Company launched Min Xin Travel Package Insurance in Hong Kong and Macau.
Fujian Investement & Development Group Co., Ltd. was formed and became the controlling shareholder of Min Xin Holdings Limited.
The Company celebrated its 30th anniversary.
The Company renamed as Min Xin Insurance Company Limited.
Panin Holdings Limited renamed as Min Xin Holdings Limited.
Fujian Investment & Enterprise Corporation, a state-owned enterprise of Fujian Province, became the single largest shareholder of Panin Holdings Limited through Vigour Fine Company Limited.
Panin Insurance Company Limited Macau Branch is incorporated in Macau.
Panin Holdings Limited, is listed on the Main Board of the Hong Kong Stock Exchange.
Panin Holdings Limited, the predecessor of the Company’s shareholder, is incorporated in Hong Kong.
Panin Insurance Company Limited, the Company's predecessor, is incorporated in Hong Kong.