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HK bankers managing Mainland client assets should “keep abreast” of CRS developments

With Hong Kong’s common reporting standard (CRS) list growing to include a possible 74 jurisdictions, bankers who manage the assets of clients from worldwide tax jurisdictions – including Mainland China, should keep a close eye on CRS developments, according to an international law firm. “CRS would be a serious concern for Mainland Chinese customers who have assets offshore, as Mainland China…

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