Elon Musk’s recent record-breaking SpaceX IPO has thrust the space economy into the financial mainstream, but mainland China’s trillion-yuan commercial space sector remains strikingly underinsured – a gap industry insiders say presents a rare opportunity for Hong Kong.
On the mainland, only third-party liability insurance is mandatory for commercial space activities. Coverage for research and development, manufacturing, testing, launches and in-orbit operations remained largely optional,…
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