A landmark cross-border insurance policy has cleared a significant regulatory hurdle, allowing Shenzhen-based aircraft developer Yivtol to operate its flying vehicle in Hong Kong.
The policy, covering Yivtol’s S-Zero electric vertical take-off and landing (eVTOL) aircraft, carries a total liability of HK$20 million (US$2.6 million) and is valid for one year, ending in June 2027. This represents the first cross-border insurance policy for China’s emerging low-altitude economy, according to a social media post by the Shenzhen government on Monday, July 21, 2026.
The insurance was jointly provided by the Shenzhen branch of the People’s Insurance Company of China Group, which conducted risk assessment and underwriting, and its Hong Kong unit, which managed local compliance and issued the formal policy in Hong Kong. Shenzhen’s special economic zone of Qianhai, where Yivtol is based, confirmed these details in an earlier statement.
Under Hong Kong aviation regulations, aircraft must carry compliant insurance to take off or land in the city. For many mainland developers, securing locally recognized coverage is essential to enter the Hong Kong market.
The policy permits Yivtol’s S-Zero, a one-seater aircraft with a maximum payload of 90 kilograms, to fly for up to 50 minutes at a top speed of 75 kilometers per hour, as detailed in Monday’s statement that included a screenshot of the policy.
This development marks a significant step for Shenzhen’s flying vehicle industry and cross-border aviation cooperation between Shenzhen and Hong Kong.
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