Sun Hongbin (1st left), chairman of Sunac China; and Wang Jianlin, Chairman of Wanda Group, arrive for the signing ceremony of Wanda’s sale of its hotel and tourism portfolio for 63 billion yuan to Sunac China in Beijing on July 19, 2017. Photo: SCMP/Simon Song

Four Chinese tycoons just transferred US$17 billion of their wealth to trusts as government toughens up tax regime

  • Sunac’s founder Sun Hongbin, Longfor’s Chairwoman Wu Yajun, and the magnates of Dali Foods and Zhou Hei Ya all transferred their wealth to trusts
Topic |   Wealth management

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Sun Hongbin (1st left), chairman of Sunac China; and Wang Jianlin, Chairman of Wanda Group, arrive for the signing ceremony of Wanda’s sale of its hotel and tourism portfolio for 63 billion yuan to Sunac China in Beijing on July 19, 2017. Photo: SCMP/Simon Song
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