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  1. News - China - ECONOMY

    Sovereign wealth fund chief calls on government to respect law

    Posted Jan 27th 2013, 12:00am by Victoria Ruan

    ... Victoria Ruan victoria.ruan@scmp.com With liberals pushing for reform to boost the administration's credibility, Lou Jiwei says government departments must follow laws Fund boss urges respect for law Chinese sovereign wealth fund chief Lou Jiwei yesterday urged the government to show greater respect for the law. "When we talk about governing the nation based on law, ...

  2. Trust funds can help expatriates minimise their taxes the legal way

    Posted Jun 28th 2005, 12:00am by Chris Davis

    ... taxing only income generated in Hong Kong, regardless of domicile or nationality. Sovereign Trust (Hong Kong), the Hong Kong member company of the international Sovereign Group, specialises in providing tax, trust incorporation and offshore banking advice to meet the needs of various nationalities. Jacques Sherman, Sovereign Group consultant, said busy people often neglected areas ...

  3. Growth of wealth in Asia spurs vehicles

    Posted Oct 23rd 2007, 12:00am by Chris Davis

    ... of wealth in Asia and the globalisation of perspectives had led to more individuals setting up trusts. 'We see owners of listed companies parking their shares in trust funds and getting those ... Reports by Chris Davis More funds are being set up to ensure financial and property assets are passed on to the next generation. Private trusts have existed for hundreds of years and were ...

  4. Beijing brings HK into line on state immunity

    Posted Aug 27th 2011, 12:00am

    ... overseas state owned enterprises, central banks and sovereign wealth funds could be seen as state-controlled, yet the immunity did not automatically apply to them. 'That will have ... dispute between the Democratic Republic of Congo and United States-based fund FG Hemisphere Associates. Congo claimed it was immune from prosecution in Hong Kong, triggering the argument ...

  5. Row over HK$330m fund back in court

    Posted Jun 02nd 2011, 12:00am

    ... as a 'rainy day' fund for his descendants, the Court of Appeal heard yesterday. Edward Chan King-sang SC, lawyer for Law Shuk-hoi, put forward the argument in an attempt to overturn a Court ... a will but wrote a letter of wishes before his death in which he divided his wealth into three portions- one for financial assistance to his descendants, one for charity and one for a son who had gone ...

  6. Billionaire tycoon, 26, charged with illegal fund-raising, fraud

    Posted Jul 14th 2007, 12:00am by Staff Reporter

    ... Ng Tze-wei Zhejiang beautician-turned-billionaire Wu Ying, 26, was charged yesterday with illegal fund-raising and contract fraud involving 100 million yuan. Wu- president of the Bense Holding Group, which owned businesses ranging from hotels to advertising firms and laundries- was detained in Dongyang in February on suspicion of illegally soliciting funds from the public. She ...

  7. Talks start in Beijing over Congo immunity case

    Posted Jul 28th 2011, 12:00am

    ... questions arising from US-based fund FG Hemisphere Associates' attempt to force the Democratic Republic of Congo to repay more than US$100 million it owed. The court ruled that the debt was not enforceable, but the case raised questions about differing policies on sovereign state immunity in Hong Kong and on the mainland. Secretary for Justice Wong Yan-lung forwarded the court's letter ...

  8. IMF chief innocent until proven guilty

    Posted May 19th 2011, 12:00am

    ... Dominic Strauss-Kahn, managing director of the International Monetary Fund and prospective French presidential candidate, has only just been brought before a court to answer charges ... to the eurozone's sovereign debt and banking crisis showcased his political and economic credentials and decisiveness, although he has been accused of being Eurocentric when it came to reform ...

  9. Ex-HKU surgery head guilty of misconduct

    Posted Mar 14th 2012, 12:00am

    ... used university funds to pay his domestic helper and failed to report theft by a subordinate. Convicting Professor John Wong, 71, on two counts each of misconduct in public office and false ... wealth of HK$150 million, was a man of 'unblemished character' who might be considered less likely to commit a crime. But she said that as a university employee and a person in public ...

  10. The many benefits of a trust

    Posted Apr 22nd 2012, 12:00am

    ... upon the trustee,' says Michael Troth, Asia-Pacific head for Citi Trust. 'It requires them to act in the best interests of the beneficiaries, to never use the trust funds for self-benefit and to invest the trust funds prudently. By law, beneficiaries have certain rights under a trust and can petition a court to enforce the trust deed.' There are two types of trust: ...




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