Chinese regulators, including China Securities Regulatory Commission Vice Chairman Fang Xinghai, met with global investors on Friday, in an effort to enhance market confidence amidst signs of economic stagnation in the country. This move follows recent expressions of strong support for private tech enterprises by President Xi Jinping’s administration. The
The recent hike in the Tax Collected at Source (TCS) rate from 5% to 20% in Budget 2023, along with the existing cap of $250,000 on remittances under the Liberalised Remittance Scheme (LRS) in India, has made overseas investment challenging for the common citizen. However, for the nation’s high net-worth
China’s renminbi (RMB) has been growing in prominence, specifically in the country’s own cross-border transactions, marking a significant shift in global finance. However, its usage on a global scale remains limited compared to the size of China’s GDP and influence in trade. According to China’s State Administration of Foreign Exchange
Introduction to a New Venture J.P. Morgan Private Bank announced the launch of the U.S. Family Office Practice, a tailored initiative aimed at serving the financial giant’s largest clients and their family enterprises. Combining over 150 seasoned professionals, the practice will offer guidance on estate planning, life insurance, strategic wealth
The Allure of the Golden Passport Grenada is carving a unique niche for itself in the global landscape, offering a pathway to citizenship through investment. According to a recent report by Business Insider, this Caribbean nation is among five others offering a so-called “golden passport.” A contribution of $150,000 to
Recent events have shaken the Caribbean Citizenship By Investment (CBI) landscape, leaving little room for optimism. Just a week ago, St Kitts offered an extended limited-time discount on its CBI program, providing a glimmer of hope for prospective applicants. However, within two days, Vanuatu and Dominica suffered visa-free access restrictions
Author: Dr Irina M. Francken, Director at IN Fiduciary Services As the number of family offices continues to expand, so does the demand for a wide range of essential fiduciary services, including trusts and corporate management. Given the escalating complexity of financial landscapes, there is a pressing need to diversify
Singapore’s passport has now taken the lead as the world’s most powerful, surpassing Japan, according to the latest Henley Passport Index. With visa-free access to an impressive 192 global destinations, Singapore’s passport holders enjoy unparalleled global mobility. After enjoying five years at the top spot, Japan has now dropped to
As Nigeria grapples with economic challenges despite being Africa’s largest economy, the country’s debt has surged by 500% under former President Muhammadu Buhari’s leadership. The World Bank’s Nigeria Development Update (NDU) has recently revised the country’s gross domestic product (GDP), reflecting ongoing economic and social developments and addressing long-term prospects
• CSRC to implement reductions in funds’ trading commissions during the current year. • These measures come in response to a significant decline in fund launches amid the ongoing market downturn. Source: Bloomberg
