The Business Times
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Zhang Ziyu

Although details have yet to be revealed, the announcement indicates Beijing is shifting its financial regulatory system to a “twin peaks” model similar to that adopted by countries such as the United Kingdom and Australia.

China’s financial shake-up shows policymakers’ growing focus on stability, risk

Hong Kong only set up a specialised family office task force in June 2021 – two years after Singapore set up its own – but is stepping up efforts and plans to roll out a tax concession for investment profits earned by single family offices.

Hong Kong steps up efforts to lure billionaires to set up family offices

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