Nasdaq-Listed Huize Secures Financial License in Singapore

Dow Jones

Sep 17

By Amanda Lee

Nasdaq-listed Huize Holding's international financial advisory arm has obtained a license to operate in Singapore, as part of the insurance technology platform's efforts to expand overseas.

Singapore's central bank granted Poni Financial Advisory, a company under Huize's international brand, Poni Insurtech, the license to operate as a financial adviser and exempt insurance broker from July 10, the company said in a statement Wednesday.

"Securing the MAS [Monetary Authority of Singapore] license is a pivotal step in our international expansion," said Ron Tam, co-chief financial officer at Huize and international chief executive officer at Poni Insurtech.

The move is part of Huize's strategy to expand beyond China and Hong Kong. The China-based company also plans to operate in Indonesia and the Philippines, but didn't provide a time frame.

Singapore and Hong Kong continue to attract cross-border assets, strengthening their role as Asia's premier insurance and wealth hubs, said Cassandra Wee, managing director of Poni Insurtech's Singapore operations, and executive director and CEO at Poni Financial Advisory.

Singapore-based Poni Insurtech is building a pan-Asian digital distribution platform that also has operations in Vietnam.

Write to Amanda Lee at amanda.lee@wsj.com

(END) Dow Jones Newswires

September 17, 2025 00:15 ET (04:15 GMT)

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The China-based company also plans to operate in Indonesia and the Philippines, but didn't provide a time frame. \n\n\n  Singapore and Hong Kong continue to attract cross-border assets, strengthening their role as Asia's premier insurance and wealth hubs, said Cassandra Wee, managing director of Poni Insurtech's Singapore operations, and executive director and CEO at Poni Financial Advisory. \n\n\n  Singapore-based Poni Insurtech is building a pan-Asian digital distribution platform that also has operations in Vietnam. \n\n\n \n\n\n  Write to Amanda Lee at amanda.lee@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 17, 2025 00:15 ET (04:15 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}