You have now raised capital initially using a Convertible Promissory Note and soon, your Series A Preferred Stock; you now have a Board of Directors with three members – and there may be five including one or more Independent Directors; you are further expanding your management team – and have established an Option Plan under which you can issue both ISOs and NQSO.
Read MoreOn 25 March 2014, the Government of the Hong Kong Special Administrative Region (Hong Kong) signed an agreement with the Government of the United States of America (US) relating to the exchange of information relating to taxes. This is the first TIEA signed by Hong Kong.
Read MoreThe Chinese government launched the Shanghai Free Trade Zone (FTZ) on 29 September 2013 and said that the insurance sector would play an important role in the FTZ.
Read MoreTaiwan is the second largest market in the Asia-Pacific region after Japan in terms of insurance density. However, it was reported by Asia Insurance Review on 28 August 2013 that the combination of persisting low interest rates, sluggish business growth, weak underlying profitability and increasing competition have driven Taiwanese life insurers to invest more in high risk assets, such as real estate, securities with higher potential profit margin and overseas assets.
Read MoreThe China Insurance Regulatory Commission (CIRC) has issued a notice on its website on 29 September 2013. The notice sets out the eight areas in which the CIRC will provide support to the insurance sector in the newly launched Shanghai Free Trade Zone (FTZ).
Read MorePeter Humphrey along with his American wife, Yu Yingzeng, has been held in connection with an alleged £320million bribery scandal at drugs giant GlaxoSmithKline (GSK).
Read MoreThe China Insurance Regulatory Commission (CIRC) has issued on its website a set of rules for online insurers (Online Rules) on 3 September 2013.
Read MoreIn 2002, Shanghai implemented the medical liability insurance system. Since then, more than 400 hospitals in Shanghai have participated in the system and 13,463 claims have been filed and recorded in the first 10 years following implementation. Among these claims, some of them have been successfully resolved, while many of the claims have not been dealt with satisfactorily.
Read MoreA survey was carried out by Ping An Annuity Insurance Company of China on the retirement pension scheme market recently.
Read MoreThe Office of the Commissioner of Insurance (OCI) released on 30 August 2013 the provisional statistics of the Hong Kong insurance industry for the first half of 2013.
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