Draft rules would shift power from private banks to trust companies and cap concentration risk in a $132 billion sector
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The overhaul could upend China’s 900 billion yuan ($132.0 billion) family trust industry
China launches crackdown on offshore trusts, imposing a 20% tax on investment gains and requiring multi-year financial…
With standardized assets accounting for more than half of fund trusts by value, companies face pressure on profits as they…
The rules clarify how personal income tax applies at the establishment, operating and liquidation stages of offshore trust…
State Council guidelines target illegal fundraising, weak risk controls and inefficient use of state capital while backing funds…
The move closes a loophole used by wealthy families for asset protection and succession planning. Read more at…
New rules require deeper look-through reporting, stronger liquidation disclosures and greater transparency from private-fund…
