Country: Hong Kong
Asia · 2 posts
New World Development: A $3.6 Billion Loss and a Family That Keeps Control
Hong Kong's New World Development lost about $3.6 billion in its latest year. The Cheng family's holding company promises support, Bain is reportedly interested, and control is the sticking point.
China's 20% Tax on Offshore Trusts, Explained
China now looks straight through offshore trusts to the resident who funded them. What is taxed, at what rate, and why 22 October 2026 matters.