Legal complications are becoming more common for divorce and wealth and estate planning matters among U/HNWIs in Hong Kong and mainland China, as the two regions draw ever nearer, legal experts told Asian Private Banker. “The difference in divorce laws between mainland China and Hong Kong is not new, but as wealth has increased so much and people have assets and […]

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China’s tax authorities are putting more scrutiny on the offshore income of ultra/high net worth individuals (U/HNWIs), according to legal experts, in a move that could have ramifications for private bankers in key global wealth hubs. While laws are already in place requiring Chinese citizens to declare and pay tax on overseas income, such laws were rarely enforced until now, […]

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Law firms in Hong Kong and Singapore have identified private wealth as a growth area amid huge inflows of mainland Chinese capital, and with more clients seeking wealth protection and succession planning services in an increasingly volatile world. The great wealth transfer in Asia has prompted some law firms to form a dedicated team with full services to clients, add […]

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