EXPERT INSIGHTS

Trust is a legal contract. The settlor transfers the assets to the trustee, and the trustee needs to hold and manage the assets for the beneficiary according to the wishes of the settlor and the trustee can arrange the property effectively to the designated beneficiary. Set up Trust is becoming more and more popular, and the cost of setting up is becoming democratized. The banks can also set up a simple trust structure for its customers. Family Trust Can Give Full Play to Different Guarantees Family trust is often misunderstood as the asset allocation agreement set up for the family...

CORPORATE & FIDUCIARY EXPERT INSIGHTS 2020

Challenges and opportunities for new things are often the same. It's like going to a continent that never wears shoes. It's hard to convince the local people to wear shoes, but if you convince them, the market is really huge. Overseas trust is somewhat like this kind of market, after about 10 years of cultivation, in the Asian market, especially in China, most people do not gain much, they just return home, but some are still persisting in. As we all know, American trust is rising quietly because of the promotion of CRS. I would like to use the practical...

CORPORATE & FIDUCIARY EXPERT INSIGHTS 2020

Introduction Whether it is for the purposes of resisting the pressure of inflation, choosing a more sound investment channel with lower costs, or seeking funds with a higher rate of return and greater potential, private equity managers in mainland China are now confronted with urgent but hard-to-satisfy demand for “going abroad plans” to provide enterprises and high-net-worth clients with global wealth configuration schemes. Plans for “going abroad” developed by private equity managers may be based on overseas financial products like Shanghai-Hong Kong Stock Connect, Shenzhen-Hong Kong Stock Connect and Qualified Domestic Institutional Investor (QDII). Due to the shortage of channels,...

FUNDS & FUNDS SERVICES EXPERT INSIGHTS 2019

Executive Summary:Located in the South Pacific Ocean approximately half-way between New Zealand and Hawaii, the Cook Islands are a widely scattered group of islands occupying a surface area of about 240 sq km. As a legacy of its status as a British protectorate, the legal system is based on English common law and the official language is English, but the jurisdiction is now a self-governing democracy. The Cook Islands geographic isolation and their lack of natural resources have hindered economic development.Offshore financial and fiduciary services are now the second largest contributor to Government finances, and there are special regimes for...

EXPERT INSIGHTS 2020

Having worked for over 20 years in the United Arab Emirates, I have always been fascinated by the clarity in direction demonstrated by the country’s leaders and their persistent efforts to execute their strategy in a swift and methodical manner. During this time, the UAE – like the rest of the world – has gone through economic cycles of growth and contraction. But throughout it all, the country’s clarity in what it stands for and what it aspires to be has prevailed. The resolute focus maintained by the country’s leadership has helped the country to securely move forward by constantly...

CORPORATE & FIDUCIARY EXPERT INSIGHTS 2019

Examples ofthe application ofthe fivetips for the design of “Irrevocable Trusts” Once Jacobs established an American trust for his family in the United States, the esoteric term “Irrevocable Trust” suddenly become a household name. To put it simply, money is donated to the trust, and if Jacobs cannot get it back, the creditors of Jacobs don’t get it either. Is this Irrevocable Trust really so popular? What is the reason for the popularity? We heard about the Irrevocable Trust in the news, mainly because overseas trustsare associated with so-called “runaway” tycoons. Upon mentioning its name, everyone would immediately think of...

EXPERT INSIGHTS 2020

Inheriting the historical symbol of the ancient Silk Road and following the principle of peace and development, China’s Belt and Road Initiative intends to actively establish economic partnerships with countries along the designated “Belt and Road” regions. It also intendsto jointly build a community of shared interests, shared futures and responsibility, featuring mutual political trust, economic integration and cultural inclusiveness. Encompassing over 60% of the global population, it will not only create new opportunities for the sustainable development of China’s economy, but also, more importantly, will change the political, economic and military landscape of the world. Over the past few...

CORPORATE & FIDUCIARY EXPERT INSIGHTS 2019

“The Era of Global Taxation Is Coming” In 2018, several domestic media outlets ran the headline, “The era of global taxation is coming”, with regards to the implementation of the Common Reporting Standard (CRS). For many high net-worth individuals, CRS was a major buzz word in 2018. So, what is CRS exactly? CRS is short for Common Reporting Standard. CRS is a standard for taxpaying citizens’ information exchange between different countries, developed by the Organization for Economic Co-operation and Development (OECD), requiring global financial institutions to offer the account information of citizens of a country to the tax authority of...

CORPORATE & FIDUCIARY EXPERT INSIGHTS 2019