EXPERT INSIGHTS

Since taking charge of the White House, Trump has certainly made several earth-shaking decisions. From halting Obamacare, to announcing the formal withdrawal from the Trans-Pacific Partnership Agreement (TPP) and overhauling immigration policy, to deporting undocumented immigrants, every single one of them has been astonishing. What changes to US immigration policy are likely to happen while Trump is in office?   I The Separation of Powers in the United States   To answer the question above, it is first necessary to understand what restrictions Trump’s power will be subject to as President of the United States. A president with unchecked power...

EXPERT INSIGHTS 2020

On August 31, 2018, the Decision of the Standing Committee of the National People’s Congress on Amending the Personal Income Tax Law of the People’s Republic of China (which is relevant to China’s hundreds of millions of taxpayers) was officially passed, and later implemented on January 1, 2019. Let’s review the development track of China’s personal income tax law: In 1980, China announced its Personal Income Tax Law of the People’s Republic of China, and the personal tax law officially came into being. In the past 38 years, the law has been amended six times with the most recent revision made in 2011,...

EXPERT INSIGHTS 2020

In recent years, with the all-round implementation of the One Belt One Road (OBOR) initiative and other policies, China’s private wealth has continued to grow rapidly. According to statistics from New World Wealth, China’s private wealth growth rate reached 198% between 2007 and 2017, the second highest growth rate of private wealth in the world. In addition, according to the Hurun Report, the number of households with more than six million yuan of investable assets in the Greater China Region has reached 1.61 million, with Beijing, Shanghai and Guangzhou ranking in the top three. The growth of China’s private wealth...

EXPERT INSIGHTS 2020

Chinese overseas investment has changed significantly in the past five years, which then has affected the new global wealth order. According to the statistics of Knight Frank's research department, over the past year, the growth of Chinese-funded overseas investment has maintained at 10%-11%, of which Chinese funds have increased, and both investment products and channels have become diversified, such as from residential to commercial, chateau, and logistics real estate.   According to the latest "Wealth Report" released by Knight Frank, commercial real estate is still a very important asset class for private investors, and the scale of individual real estate...

EXPERT INSIGHTS 2020

This is not a question of placing eggs in different baskets, but rather a question how someone with foresight can find a safer place to store the coming year’s harvest. The privacy that is challenged by CRS is a threat to global private property rights. What role the offshore trust will play in this context is the question we will discuss.   Conditions for everlasting family inheritance First, let’s tell two stories. I talked to locals when visiting Africa. I asked why their natural resources were so good, but they are doing nothing and staying poor. The locals said that...

EXPERT INSIGHTS 2020

The so-called family trust is a means of property management by which high-net-worth individuals entrust professional trust institutions to manage and handle their family properties in order to make their wealth planning and inheritance a reality. In recent years, family trusts have become an increasingly common way of managing family properties. Countries also regulate and manage family trusts through laws and taxation.   As a method for long-term planning and isolating risks associated with family wealth, family trusts are sought after by a wide range of high-net-worth individuals. As the population of high-net-worth individuals in China increases, so family trusts...

EXPERT INSIGHTS 2020

As the only tool which can be used for investment and financing in the currency market, capital market, and the physical market, the trust has already been widely applied in the fields of investment and financing. In foreign countries, the trust can be used not only to design an investment’s share-holding framework, its protection framework, and its tax-planning, but also to manage investment and financing for the purpose of saving costs, retaining the control of the trustor, and maintaining the confidentiality of information.    I. Management through the establishment of aprivate trust company The private trust company is established by...

EXPERT INSIGHTS 2020

Wendy Wei Gangfeng Group Chairman / General Manager Chief Consultant of Offshore Planning Vice President of Shenzhen Business Federation Executive Director of Futian District Chamber of Commerce and Industry (General Chamber of Commerce) Committee Member of International Youth Chawnese Solidarity (Shenzhen) Director of Guangdong Entry and Exit Immigration Association Member of Asian Offshore Association  IIUSA member International Financial Manager (IFMA) Registered Forensic Accountant in the United States (FCPA)   In recent years, with the rapid development of the market economy, many enterprises are facing a transition, or need to explore international and overseas markets through the influence of their own...

EXPERT INSIGHTS 2020