What Is the Difference Between a Trustee and a Custodian? by a leading Trust expert: When making investments, the common actors you usually come across are trustees and custodians. Initially, it can seem difficult to tell them apart; in fact, they each have a clearly defined role in the global financial system value-chain. Trustee vs […]
Nanxiang Hot Spring Resort HEZHOU, China, June 26, 2019 /PRNewswire/ — On June 4, the People’s Government of Hezhou City of Guangxi and Shunfeng Tourism Group held the signing ceremony of Shunfeng Hot Spring Recreation and Tourism Development Project in Guposhan Industrial Zone in Dongrong Villa, Hezhou, according to the Publicity Department of Hezhou Municipal CPC Committee. Huangyao Ancient […]
Australian quantamental investment and data science firm, Goldsky, has announced today it will open offices in both Hong Kong and Singapore. SYDNEY, Oct. 3, 2018 /PRNewswire/ — Goldsky Asset Management, a Proprietary Quantamental Investment and data science firm, has announced today it will open offices in both Hong Kong and Singapore cementing its presence in Asiaand the confidence it has in the APAC region. The APAC […]
Hong Kong has established a rather unique vehicle, the Occupational Retirement Scheme (ORS), and its use is not restricted to Hong Kong. An ORS is capable of attracting pension assets from across Asia, Europe and North America. The ORS structure not only benefits from tax-free pension accumulation but it also works as a tax friendly repository, which […]
Today’s forum, the 23rd event under the FSDC Practitioner Speakers Series, featured Non-Official Member of the Executive Council, Distinguished Research Fellow of the Lau Chor Tak Institute of Global Economics and Finance at the Chinese University of Hong Kong and Executive Vice President of the China Society for Finance and Banking Mr Joseph Yam. Mr […]
Hong Kong (HKSAR) – Following is the speech by the Financial Secretary, Mr Paul Chan, at the Financial Times-AIIB Summit today (November 1): President Jin (President of the Asian Infrastructure Investment Bank (AIIB), Mr Jin Liqun), Ms Mackay (Managing Director of Asia Pacific and Global Publisher of FT Live at the Financial Times, Ms Angela Mackay), […]
Switzerland, which developed cross-border wealth-management in the 1920s, once was in a league of its own as a tax haven. Since the 1980s, however, tax-dodgers have had a rich menu to choose from: They can hide assets anywhere from the Bahamas to Hong Kong. The percentage of global wealth held offshore has increased dramatically—but it […]
HONG KONG, Sept. 20, 2017 /PRNewswire/ — Hong Kong Cyberport (Cyberport) and the Hong Kong Monetary Authority (HKMA) bring the largest FinTech delegation to London from 19 to 21 September to expand partnership network for FinTech industry players between the two cities. This is part of the annual ICT delegation co-organised by Cyberport and the Hong Kong Information Technology […]
A specific type of Hong Kong pension law framework, when structured compliantly, can produce a cross-border financial structure that is government regulated, registered and recognized to reduce the cost of tax for cross-border investment into and out of Canada. A Hong Kong ORSO is after tax contribution with the idea that withdrawals after age 55 […]
‘Only five big countries act as conduit-OFCs,’ the researchers from Corpnet said in a new report. ‘Together these five conduits channel 47% of corporate offshore investment from tax havens, according to the data we analysed.’ The two biggest conduits by far are the Netherlands (23%) and the United Kingdom (14%), followed by Switzerland (6%), Singapore […]
Knowing the differences in Hong Kong ORSO Schemes is what makes the difference because: OECD: Common Reporting Standard (CRS) disclosure facility to close in on retirement schemes in Hong Kong allegedly set up to circumvent CRS reporting. The OECD in May 2017 launched an online disclosure facility for information on schemes designed to or suspected to […]
The Hong Kong ORS is not exempt from CRS/FATCA reporting; which means the ORS is not recognized internationally for deferral of income. ORS402(b) is an exempt from CRS and FATCA reporting exempt beneficiary financial account. WE provide the whitepapers to explain the difference between a Hong Kong ORS and our private label ORS402(b). Overseas Financial […]