The Common Reporting System — a partnership among various countries’ regulators — will make it more difficult for Asian HNWIs to keep undisclosed money offshore, said Richard Corrigan, interim director of financial services for the Government of Jersey.
Tag: China HNWIs
Singapore’s Trilake adds mainland HNW clients
The wealth manager has added mainland-based clients who seek offshore assets to protect their wealth, according to Daniel Brunner, executive director and senior client relationship manager.
BEA: China’s HNWI client base increasing in Hong Kong
Personal wealth is flowing out of China as domestic investors grow increasingly concerned over the markets and economic growth, according to Bank of East Asia.
China’s HNWIs flood UK with investor visa applications
In 2014, more than 1,580 applicants for investor visas were Chinese, compared to 507 the year before, research from Radius Equity reveals. The investor visa scheme encourages high-net-worth individuals to invest in British companies in exchange for the right to apply for citizenship after five years. Despite the scheme proving to be a great success […]
