Search

By Mico M. Lysarian. China's rapid economic developments have left many households to profit over booming real estate resolutions, low-labour productions and foreign investments. Although a new class of Chinese nationals has emerged to the world scene over the last 20 years, a major realization and challenge for them has been "relocating" their capital overseas as a private investment. Naturally, it's in the Chinese government's best interest to make sure that foreign capital invested into China and gradually precipitated to the new class does not leave the economic respiratory system. Therefore, this article is to rather observe the trend to...

2020

Q: How do private banking services and offshore private wealth structures work together? A: Private banking services and offshore private wealth structures work very well together and complement each other.Private Banks are able to offer a wide range of banking, investment and financial services to maximise the growth and value of a client's investments. Offshore private wealth structures (such as companies, trusts and foundations in the BVI, Cayman, Guernsey or Jersey) provide the legal framework for the ownership, control and protection of those investments for the benefit of the client. For example, a private bank may provide investment and wealth management...

2020

By Zhang Shiwei. The establishment and development of the private banking sector have two fundamental premises: a constitutional law that recognizes the legitimacy of private property and private wealth that has achieved a "tremendous surge". While the legitimacy of private property in China was established by the 1982 Constitution,a rapid increase of private wealth actually occurred after Deng Xiaoping's southern tour in 1992. Therefore, the first private bank in China was launched as late as March, 2007 by the Bank of China and Royal Bank of Scotland. In the following five years, China's private banking boomed, with assets of over...

2020

By Sean Deng. The general functions of trusts, covering wealth inheritance, asset management and property protection, has been widely acknowledged and frequently used by high net worth individuals, families, private banks and family offices. However, trusts can also play a very important role for a company planning an initial public offering (IPO). The most common trust arrangement during the IPO process includes family asset arrangement for shareholders and equity incentive plans for employees.  As for the shareholders' family property arrangement, the grantors, or the shareholders, usually care most about the security and controllability of their assets. That means the original shareholders...

2020

By Jimmy Chen. The continued development of ETFs in Hong Kong is relatively stable and has been almost 12 years since the first ETF was launched. Currently, there are 79 listed ETFs, among which two were not traded in Hong Kong. The one with the most active trading is A50(2823) as some investors don't take a long-term position in the fund. However, the Tracker Fund (2800) covers most of the Hang Seng Index components, allowing investors to buy into the entire Hong Kong market to diversify investment risks. Many investors choose to hold their positions in the long term. Apart...

2020

Great Wall did not fall Great Wall of China is a Chinese invention. Even if the United Nations attributed the Dragon Boat Festival and Li Ba to South Korea, the Great Wall must belong to China. The essence of Great Wall is reflected in the modern Chinese management philosophy of the Great Wall. There is a Great Fire Wall on the Internet, known as China Wall, and the SAFE (China's State Administration of Foreign Exchange) is a comparable firewall for China financial sector. In this context, the business operations of China's offshore banks and the foreign offshore banks used by...

2020

By Claire van den Heever The history of the world most important offshore centers usually has, as its imagined backdrop, a few backward British dependencies in the Caribbean, where the first foreign bankers suffered in mosquito-ridden tropical climes during the early 1960s.  And while this may describe the circumstances that shaped the Cayman Islands and the British Virgin Islands two of the four jurisdictions that investors perceive to be the world most important offshore centers it certainly does not describe the conditions that characterized the other two locations they mention, as their histories as offshore centers were beginning. The other...

2020

By Leo Zhang China private wealth has been growing robustly and steadily in the past two decades with the country pioneering reform and opening-up policy, which helped a raft of self-employed individuals get richer through dealings with the outside world.However, a tight regulatory grip on currency convertibility and capital accounts have long prevented free money flows across the border, a mechanism that hindered China real market overhauls, but also added into the nation stability amid global financial woes. The operation of offshore banking, which was deregulated as early as late 1980s in China, has been constantly trailing onshore businesses. It...

2020