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TOP NEWS

Offshore Trust Tax Enforcement in China Drives Sharp Revenue Rise

Stronger offshore trust tax enforcement in China has prompted taxpayers to declare more than RMB160bn (USD23.97bn) in taxes on offshore trust income, state news agency Xinhua reported. Beijing is increasing scrutiny of overseas assets and capital flows, with more than RMB120bn collected in October alone following a 22 October declaration deadline, Xinhua said, citing tax authorities. China imposes a 20% tax on related profits and requires tax residents to declare worldwide in

FAMILY OFFICES

5 hours ago

FOCUS

8 November 2026

Where AI Fits in the Monthly Report

The monthly report is ready for review when a revised bank statement arrives. A cash balance has changed. The spreadsheet needs updating, along with two…

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13th Nov 2026

Kingsway Family Office Names Terence Chow as Managing Partner

Kingsway Family Office has appointed Terence Chow as managing partner and head of its family office business, as Hong Kong-listed parent Sunwah Kingsway Capital Holdings prepares to expand its multi-family office model. Based in Hong Kong, Chow will report to group chief executive Michael Choi and join the executive committee. He was previously group chief operating officer at Raffles Family Office, overseeing business transformation, risk management and operations. Before jo

FAMILY OFFICES

5 hours ago

Gold Vaulting Service in Singapore Offers 500-Tonne Capacity

A gold vaulting service launched by the Monetary Authority of Singapore on 10 November will serve foreign central banks and sovereign institutions as the city-state strengthens its role as a regional bullion trading hub. MAS said gold would be stored in the national currency vault, with an initial capacity of 500 tonnes and scope to expand as demand grows. Deputy Prime Minister Gan Kim Yong said some foreign central banks had expressed interest in the service, which complemen

ASSET MANAGEMENT

5 hours ago

Bank Holding CEO Approval Rules Face Tougher Thresholds in South Korea

Tougher CEO approval rules proposed by South Korea’s Financial Services Commission aim to strengthen transparency and fairness in leadership selection at bank holding companies. CEO recommendation committees would consist of independent outside directors, with candidates needing approval from at least two-thirds of all members, compared with the current majority requirement. Candidates seeking reappointment would need support from at least three-quarters of committee members.

REGULATION

5 hours ago

Hong Kong Wealth Management Grows Despite Offshore Trust Tax Scrutiny

Hong Kong offshore trust tax scrutiny is complicating wealth planning for mainland Chinese families even as the city's private wealth industry expands. The issue received limited public discussion at recent events including the Global Financial Leaders' Investment Summit and the PWMA Wealth Management Industry Summit 2026. A Private Wealth Management Association and KPMG China report showed private wealth assets under management rising 24% year-on-year to a record HKD12.9tr (

FAMILY OFFICES

1 day ago

Thailand Pension Fund Plans AI Wealth Advice for 1.2m Members

Thailand pension fund AI wealth advice could extend personalised financial guidance to 1.2m members of the Government Pension Fund. Secretary-General Soraphol Tulayasathien said the fund was working with government agencies to combine data on members' assets and liabilities, enabling recommendations tailored to individual circumstances. Members carrying substantial debt could receive guidance on reducing liabilities, while those without debt could focus on investment strategi

ASSET MANAGEMENT

1 day ago

Singapore AI Lending Standards Remain Selective at Major Banks

Singapore AI lending standards remain selective as DBS, OCBC and UOB prioritise established data centre operators with strong financial backing, dependable cash flows and long-term customer contracts. OCBC said AI-related financing represented less than 1% of its loan book, while UOB's exposure was below 5%. DBS said data centres accounted for approximately 2% of its lending. All three banks remain positive about long-term demand but are avoiding speculative developments. DBS

ASSET MANAGEMENT

1 day ago

Tax Advisory Services in Hong Kong Urged to Support Mainland Expansion

Hong Kong tax advisory services should expand to meet demand from mainland Chinese companies entering overseas markets, Hong Kong Trade Development Council Chairman Frederick Ma Si-hang said. Speaking at the Accounting and Financial Reporting Council Regional Regulatory Forum 2026, Ma said accountants and tax advisers would play an increasingly important role in international expansion planning and the management of cross-border tax obligations. He said the Accounting and Fin

REGULATION

1 day ago

UBS Thailand Wealth Management Office Planned for 2027 Expansion

UBS Thailand wealth management operations are set to expand with a planned local office and private bankers based in the country in 2027. The Swiss bank is also seeking to recruit 100 client advisers across Asia-Pacific in 2026 and reported 954 advisers in the region. In August, UBS Wealth Management Singapore said it was sharpening its focus on clients with at least USD2m in investible assets. UBS Global Wealth Management reported USD4.7tr in assets under management and 9,35

ASSET MANAGEMENT

2 days ago

Overseas Issuers Turn to Hong Kong for Listings and Bond Financing

Hong Kong overseas issuers are increasingly coming from Southeast Asia, the Middle East and Central Asia as businesses diversify funding amid geopolitical uncertainty, Financial Secretary Paul Chan Mo-po said. Addressing the Accounting and Financial Reporting Council Regional Regulatory Forum 2026, Chan said shifting trade patterns, technological advances and the green transition were creating opportunities alongside higher demands for corporate accountability. He urged accou

ECONOMY

2 days ago

South Korea Crypto Regulation Faces Calls for Clarity Ahead of 2029 Tax

South Korea crypto regulation needs greater clarity to support domestic digital asset businesses and prepare investors for taxation of cryptocurrency gains, lawmakers told the World Digital Assets Forum in Seoul. Democratic Party lawmaker Min Byoung-dug said his proposed Digital Asset Basic Act would establish rules for stablecoin issuers, tokenised real-world assets and institutional investment while strengthening protection against security breaches. He argued that regulato

REGULATION

2 days ago

Thailand Banking Cybersecurity Alert Raised Amid AI-Enabled Threats

Thailand banking cybersecurity safeguards are being strengthened as the Bank of Thailand warns of rising global cyberattacks involving artificial intelligence and third-party service providers. Governor Vitai Ratanakorn said the central bank had coordinated with the Thai Bankers' Association, bank technology executives and the sector's cybersecurity response team. Banks were instructed to tighten controls and report suspicious activities and potential attacks daily to improve

REGULATION

2 days ago

Family Office Investment Summit to Examine Geopolitics and Private Markets

The 12th Family Wealth Report family office investment summit will convene investors and advisers in New York on 16 November to assess geopolitical shifts, private market opportunities, artificial intelligence and intergenerational wealth preservation. Hosted at PwC's 300 Madison Avenue offices, the event will consider US–China competition, private credit, venture capital and AI infrastructure. Jesse Friedlander of Des Voeux Partners Family Office will discuss the investment

FAMILY OFFICES

3 days ago

EVENTS

INSIGHTS

PEOPLE MOVES

Kingsway Family Office Names Terence Chow as Managing Partner

5 hours ago

UBS Thailand Wealth Management Office Planned for 2027 Expansion

2 days ago

Goldman Sachs Asian Wealth Management Expansion Accelerates Adviser Hiring

Oct 28

Citi Singapore Wealth Management Appoints Jason Toh to Origination Role

Oct 28

SEI Singapore Asset Management Hub Opens to Support Asia-Pacific Expansion

Oct 5

Carlyle Family Office Business Expands Across Europe and Asia

Oct 1

HSBC Asia Family Wealth Advisory Names Francesca Chan as Regional Head

Sep 25

Hong Kong Accounting Qualification Programme Gains Continued Government Backing

Sep 23

BNP Paribas Asia Transaction Banking Role Expands Under Beaufort

Sep 22

Citi Appoints Sophia Wang to Lead China Institutional Sales

Sep 16

Taiwan Financial Firms’ Overseas Exposure Hits Record USD1.04tr

Taiwan financial overseas exposure among financial holding companies rose 16.35% year-on-year to a record NTD33.04tr (USD1.04tr) at the end of September, Financial Supervisory Commission data showed. Investments represented 71.7% of total exposure, which also includes interbank loans and other lending. US exposure increased 18.11% to NTD11.7tr, accounting for a record 35.59% of the total since records began in 2015. China remained the second-largest market, although its share

ASSET MANAGEMENT

3 days ago

Singapore AML Safeguards Tightened for North Korea, Iran and Myanmar

Singapore AML safeguards remain a priority for financial institutions dealing with customers and transactions connected to North Korea, Iran and Myanmar. In its October 2026 statement, the Monetary Authority of Singapore reminded institutions of persistent money laundering, terrorist financing and proliferation financing risks. North Korea and Iran remain on the Financial Action Task Force's list of high-risk jurisdictions subject to a call for action, requiring effective cou

REGULATION

3 days ago

Vietnam 2027 Budget Targets Higher Tax Revenue and Borrowing for Infrastructure

The Vietnam 2027 budget will rely on higher tax revenue and state borrowing to finance infrastructure investment as the government targets economic growth of at least 10%. The National Assembly approved a deficit of VND739.6tr (USD28.9bn), or 4.5% of GDP, compared with a 4.2% target for 2026. State revenue is expected to rise 9.1%, supported by a broader tax base and stronger enforcement against tax evasion, transfer pricing and unpaid liabilities. Government borrowing is pro

ECONOMY

3 days ago

Prenuptial Agreements Gain Ground in Asian Family Wealth Protection

Asian family wealth protection is prompting more wealthy individuals and cross-border couples, particularly in Singapore and Hong Kong, to consider prenuptial agreements to safeguard assets and business interests. Hoon Shu Mei, dispute resolution director at Drew & Napier, said later marriages and greater awareness of financial planning have made prenups an increasingly important risk-management tool. However, courts in both jurisdictions retain discretion to depart from the

FAMILY OFFICES

4 days ago

Cross-Border Wealth Management Puts Hong Kong Ahead of Switzerland

Hong Kong cross-border wealth management has overtaken Switzerland to become the world's largest international wealth booking centre, according to Pictet Group managing partner Laurent Ramsey. Speaking at the Global Financial Leaders’ Investment Summit, Ramsey said geopolitical uncertainty was driving wealthy clients to spread assets across several offshore jurisdictions rather than depend on one financial centre. EFG International chief executive Giorgio Pradelli said divers

FAMILY OFFICES

4 days ago

Fintech Investment Push in Hong Kong Targets AI and Digital Assets

Hong Kong fintech investment is receiving renewed government attention as officials seek to strengthen artificial intelligence infrastructure, digital asset regulation and international capital attraction. The initiatives were highlighted at Hong Kong FinTech Week x StartmeupHK 2026, whose two-day main conference ended on November 3. The event brought together officials, investors and technology executives, alongside more than 30 international and mainland Chinese delegations

REGULATION

4 days ago

ALL NEWS

TOP NEWS

Offshore Trust Tax Enforcement in China Drives Sharp Revenue Rise

VIDEO RECAP w/e

13th Nov 2026

Kingsway Family Office Names Terence Chow as Managing Partner

Gold Vaulting Service in Singapore Offers 500-Tonne Capacity

Bank Holding CEO Approval Rules Face Tougher Thresholds in South Korea

Hong Kong Wealth Management Grows Despite Offshore Trust Tax Scrutiny

Thailand Pension Fund Plans AI Wealth Advice for 1.2m Members

Singapore AI Lending Standards Remain Selective at Major Banks

Tax Advisory Services in Hong Kong Urged to Support Mainland Expansion

UBS Thailand Wealth Management Office Planned for 2027 Expansion

Overseas Issuers Turn to Hong Kong for Listings and Bond Financing

South Korea Crypto Regulation Faces Calls for Clarity Ahead of 2029 Tax

Thailand Banking Cybersecurity Alert Raised Amid AI-Enabled Threats

Family Office Investment Summit to Examine Geopolitics and Private Markets

EVENTS

INSIGHTS

PEOPLE MOVES

Kingsway Family Office Names Terence Chow as Managing Partner

UBS Thailand Wealth Management Office Planned for 2027 Expansion

Goldman Sachs Asian Wealth Management Expansion Accelerates Adviser Hiring

Citi Singapore Wealth Management Appoints Jason Toh to Origination Role

SEI Singapore Asset Management Hub Opens to Support Asia-Pacific Expansion

Carlyle Family Office Business Expands Across Europe and Asia

HSBC Asia Family Wealth Advisory Names Francesca Chan as Regional Head

Hong Kong Accounting Qualification Programme Gains Continued Government Backing

BNP Paribas Asia Transaction Banking Role Expands Under Beaufort

Citi Appoints Sophia Wang to Lead China Institutional Sales

Taiwan Financial Firms’ Overseas Exposure Hits Record USD1.04tr

Singapore AML Safeguards Tightened for North Korea, Iran and Myanmar

Vietnam 2027 Budget Targets Higher Tax Revenue and Borrowing for Infrastructure

Prenuptial Agreements Gain Ground in Asian Family Wealth Protection

Cross-Border Wealth Management Puts Hong Kong Ahead of Switzerland

Fintech Investment Push in Hong Kong Targets AI and Digital Assets

VIDEO RECAP
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