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...Close ties with wealthy family offices The company also cultivated ties with wealthy families in Hong Kong, many of whom subsequently invested in FTX....
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...Sun Hung Kai Properties chair Raymond Kwok and the Lee family that controls Henderson Land Development urged staff to vote, while Bank of East Asia and China Construction Bank (Asia) placed newspaper advertisements...
...Family trusts are well suited to planning for a student’s life abroad in Asia, they argue, because they can be registered in Hong Kong or Singapore where there is a low tax regime, or registered offshore...
...“Mainland Chinese have chosen Hong Kong over Singapore . . . [for] protections for LGBT+ families and rights.”...
...Maggie Ng, head of wealth at HSBC Hong Kong says this combination of wealth creation and transfer “amounts to arguably the most compelling opportunity in consumer banking today”....
...Events: Alibaba cofounder Jack Ma’s family trust is due to sell 10mn of the ecommerce company’s American depositary shares for about $871mn....
...Zhongzhi held a nearly 33 per cent stake in Zhongrong International Trust, a shadow banking financier, as of the end of 2022....
...Additional reporting by Wang Xueqiao in Shanghai and Hudson Lockett in Hong Kong...
...She paid the young Raymond Dallolio to befriend her grandson, inviting him to family parties and even paying for a six-week trip through Europe for the two of them, hoping that the Links Golf Club caddie...
...Shein continues to pursue a US listing as a priority and has also considered Hong Kong....
...Though the numbers exceed earlier expectations, this is the result of political choices: to admit people fleeing from Afghanistan, Hong Kong and Ukraine, to encourage international student admissions, and...
...“Taiwan has long been behind Hong Kong and mainland China with regard to family offices, but now finally this sector is taking off,” Fang says....
...Perpetrators of the scam used Hong Kong phone numbers to strike up virtual friendships with victims, gain their trust, and then ask them to deposit funds into accounts on fake cryptocurrency exchanges....
...individuals — rich people and their families — dropped only 8 per cent to $455bn....
...Owners of the ADS were basically taking it on trust that they would get their share of the value the company created, Lucy and I argued....
...It was Raymond Baer, the bank’s chair (and scion of its founding family) who called him a few weeks later, at the end of the year, and told him he should put his name in the hat to be the bank’s next chief...
...Second, that you can’t trust a single class or party to do the checking in a way that seems fair to all....
...specialising in tax and trust for private clients at Rajah & Tann....
...Edward Glazer founded US Auto Trust in 2018....
...After nine decades behind the wheel, the Hess family has inked one of the biggest deals in oil and gas history, which will include their stake in the company valued at about $5bn....
...Further honourable mentions go to the Joseph Rowntree Housing Trust’s Derwenthorpe development of family homes in North Yorkshire, and The Wintles, the rustic-inflected, low-carbon community adjacent to...
...To add to the share prices difficulties, Jack Ma, the enigmatic founder of this company, his family trust announced that they were selling 10mn shares, which didn’t help investor sentiment on Alibaba yesterday...
...AIA Group, which is based in Hong Kong, accordingly announced blowout first-half results this week....
...They have to be able to trust something about the process or it breaks down....
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