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CHINA OFFSHORE WEALTH
Global Market: China's wealthy rush to unwind offshore trusts as tax deadline loomsChina’s wealthy individuals are restructuring offshore trusts, selling investments and reassessing residency amid a new 20% tax on overseas...- Donald Trump has ambitious oil drilling plans for Greenland: Why extraction could be delayed for decadesDonald Trump has announced intentions for large-scale oil and mineral exploration in Greenland, emphasizing its potential resources. The an...
- Global Market: Hong Kong draws professionals back as IPO boom revives financial hubHong Kong is seeing finance professionals return as a strong IPO market, rising corporate investment and deeper China links revive its appe...
- Zerodha’s growth stalls; IT’s new deal modelZerodha’s profit growth has slowed as its core broking business comes under pressure. This and more in today's ETtech Top 5.
- China Evergrande founder Hui Ka Yan gets life in prison as property giant’s saga endsChina Evergrande founder Hui Ka Yan received a life sentence for fraud charges. The court also confiscated all of his personal property and...
- India’s family offices prepare for $1.5 trillion wealth transferIndia anticipates a significant intergenerational wealth transfer exceeding one trillion dollars. Family wealth is becoming more institutio...
- China to tax offshore trusts as Beijing targets overseas wealthChina's new tax regulations taking effect on Friday will impose taxes on offshore trusts and their associated incomes. A twenty percent tax...
- Global Market: Hong Kong financial stocks tumble as China tightens capital outflow controlsHong Kong financial shares fell Friday. Beijing's new capital controls are causing concern. Global banks with mainland China business face ...
- Online broker Tiger to double Hong Kong headcount, targets offshore China wealthThe Singapore-headquartered firm, founded in 2014 in Beijing, currently employs 60 people in Hong Kong, where it started operations in late...
- Standard Chartered sets $200 bn new wealth assets target, focuses on Chinese and Indian wealthyStandard Chartered plans to target $200 billion in new assets and aims for double-digit income growth from its wealth business over the nex...
- China police detain some Evergrande wealth management staffDuring protests by disgruntled investors at Evergrande's Shenzhen headquarters in 2021, Du Liang was identified by staff as general manager...
- China Evergrande share trading halted in Hong KongShares in Evergrande have plunged 80% so far this year, while its property services unit has dropped 43% as the group scrambles to raise fu...
- Bank of Singapore, Edelweiss team up for Indian wealthIndia is the third largest wealth market in Asia after Japan and China.
- China’s rich rush to shelter $1 trillion from new taxesWealthy Chinese are rushing to shelter assets and income in overseas trusts before new tax rules go into effect next month.
- A banker's woe: Chinese wealth may get harder to snag for global bankersThe banker, a Singapore-based member of UBS wealth management business, was prevented from leaving Beijing and asked to meet local official...
- Indian offshore wealth parks itself in tax havens of AsiaOver 53% of India's offshore wealth is now held in tax havens like Hong Kong, Macau, Singapore, Bahrain and Malaysia, with Swiss banks hold...
- Tax payers should demand closure of tax havensThe Panama Papers has turned our focus to the murky world of offshore tax havens. While it is tough to trace all the money hidden away, we ...
- China to start implementing RRR for some banks in offshore yuan market: PBOCChina will start implementing a reserve requirement ratio on some banks involved in the offshore yuan market.
- Worries over slowdown: Move out of China & switch to US funds, say wealth expertsSome aggressive investors put money into funds like Mirae Asset China Advantage Fund and JP Morgan JF Greater China Equity Offshore Fund.
- China's millionaires leap past 1 million on growth, savingsChina has more than a million millionaires as economic growth, savings and a strengthening currency helped swell their ranks by 262,000 las...
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