Henry Wong of KPMG China considers the changes announced through Announcement 71, and explores how foreign asset management firms can seize the new opportunities for establishing private funds in China.
The steady growth of China’s middle class is increasing the demand for asset and wealth management services for domestic institutions and individuals. Henry Wong explores the commercial and tax implications of these developments.
China’s capital markets continue to expand and open up, offering a range of innovative new investment channels. Henry Wong explores the tax challenges arising under each of these channels.
