Extremely Wealthy
Four Chinese tycoons just transferred US$17 billion of their wealth to trusts as government toughens up tax regime
Four Chinese tycoons transferred more than US$17 billion of their wealth into family trusts late last year, underscoring how the rich are scrambling to protect their fortunes from the nation’s newly toughened tax regime. The latest example came from billionaire Sun Hongbin, chairman of real-estate developer Sunac China Holdings, who…
Continue Reading
Subscribe to unlock the full article and access premium financial content.
Click here to read the full story: Stock Visionary