---
title: "Shenzhen aircraft takes flight in Hong Kong under pioneering insurance plan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293343622.md"
description: "Shenzhen-based developer Yivtol has secured the first cross-border insurance policy for a piloted eVTOL aircraft, enabling its S-Zero model to operate in Hong Kong. Underwritten by PICC's Shenzhen branch and issued in Hong Kong with HK$20 million coverage, this milestone removes a key regulatory hurdle for mainland manufacturers entering the Hong Kong market. The agreement facilitates seamless cross-border low-altitude aviation operations, supporting the growth of the Greater Bay Area's emerging low-altitude economy."
datetime: "2026-07-21T12:43:35.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293343622.md)
  - [en](https://longbridge.com/en/news/293343622.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293343622.md)
generator: "portal-rs"
---

# Shenzhen aircraft takes flight in Hong Kong under pioneering insurance plan

A groundbreaking cross-border insurance policy covering a piloted aircraft has cleared a key regulatory obstacle, allowing the Shenzhen vehicle to take to the sky in Hong Kong. Shenzhen-based aircraft developer Yivtol recently obtained a policy for an electric vertical take-off and landing (eVTOL) aircraft, underwritten in its home city but issued in neighbouring Hong Kong. With a total liability of HK$20 million (US$2.6 million) covering the one-year period ending in June 2027, this marks the first cross-border insurance policy for China’s burgeoning low-altitude economy, according to a social media post by the Shenzhen government on Monday. The insurance policy was a collaboration between the Shenzhen branch of the People’s Insurance Company of China Group and its Hong Kong unit. The former conducted the risk assessment and underwriting, while the latter handled local compliance and issued the formal policy in the city, according to an earlier statement by Shenzhen’s special economic zone of Qianhai, where the aircraft maker is based. Under Hong Kong’s aviation regulations, an aircraft must carry compliant aviation insurance before it can take off or land in the city. For many mainland developers, obtaining locally recognised coverage has become a prerequisite for entering the Hong Kong market. The new insurance policy allows Yivtol’s S-Zero aircraft, a one-seater with a maximum payload of 90kg, to fly for no more than 50 minutes at a top speed of 75km/h, according to Monday’s statement, which contained a screenshot of the policy. The development highlights a step forward for the low-altitude economy in the Greater Bay Area, as Shenzhen and other cities in Guangdong province are major aircraft manufacturers, while Hong Kong is an important market for them to “go global”. “Low-altitude aviation cannot be confined to fixed routes between individual points. Seamless cross-border operations will be essential,” said Beijing University of Posts and Telecommunications professor Zhang Ping in an interview with local media outlet Shenzhen Special Zone Daily. “The exploration of cross-city and cross-regulatory coordination between Hong Kong and Qianhai could provide a foundation for the large-scale and international development of the low-altitude economy.”

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**