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India pledges to support financial markets

This comes as shadow banks are rocked by default worries

Some analysts expect the RBI to conduct more open market bond purchases to add liquidity to the market and calm investors, while others see a special refinance window for non-banking finance companies and mutual funds.

Hong Kong’s first pure digital insurance venture to start selling policies

Hong Kong’s first purely digital life insurance company will start selling policies in the city, looking to use its direct selling capability to offer lower prices in the crowded local market.

“By turning from a traditional insurance company into a digital insurance company, we do not need to pay any commission to middlemen," said Hung.

Kwok family co-develops Ballymore studio flats in London beginning at US$500,000, while buyers in Hong Kong have to pay more for less

The second phase of sales at Goodluck Hope project in London’s east side, with prices starting at £395,000 for the smallest unit, will launch on Friday

Ahmad Azman to replace Ranjit Singh as head of Securities Commission?

PETALING JAYA: The next institution where changes are speculated to take place is the Securities Commission (SC).. According to a local news report, the managing director and chief executive of SJ Securities Datuk Ahmad Azman Abdul Manaf is the leading candidate to replace Tan Sri Ranjit Ajay Singh as executive chairman.

According to officials in the capital markets, Ahmad Azman is among the several candidates tipped to replace Ranjit(pic). There are other names such as leading lawyer Datuk Syed Zaid Albar who has extensive experience in the banking, finance and capital markets.

Former Macau gangster ‘Broken Tooth’ signs poker deal with secretive Chinese firm after raising US$750 million in cryptocurrency ICO

Wan Kuok-koi plans to issue one billion tokens of HB cryptocurrency, some of which will be used as prize fund in chess and poker tournament in Hainan

Asian cities poised to carry the torch for the smart city movement

McKinsey report says Asia’s next generation of professionals are not only more accepting of doing things the digital way, but already demand a seamless experience

The study said that Asia’s next generation or professionals are not only more accepting of doing things the digital way, but have come to expect it and already demand a seamless experience. — SCMP

Majority of rich Hongkongers are planning to live beyond 100, survey shows

Laurie Chen

Chinese insurer uses facial recognition to stop its agents from skipping meetings

The insurer is also using face and voice recognition systems to protect its policyholders from fraud, says deputy CEO

Andy Lau accident sparks rush for insurance cover by Asian film studios

Most expensive film insurance payout was US$50m, following the death of Fast and Furious star Paul Walker, by Allianz’s Firemen’s Fund