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As a non-signatory to CRS, the US is becoming a “favourable” trust jurisdiction for Chinese HNWIs

As a non-signatory to the incoming Common Reporting Standard (CRS) regime, the US is becoming a “favourable” trust jurisdiction for many wealthy Asian families, says Neville Cen, head of private client services for North Asia at financial services firm Amicorp. Cen tells Asian Private Banker that high net worth individuals (HNWIs) in China and other parts of the region are…

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