Axiom Managing Director Alvin Ma participated in an online webinar hosted by multinational firm Marcus Evans Group (MEG), which took place between October 25-26.
In this special event focused on private wealth management within the Asia Pacific region, Mr. Ma gave a short presentation highlighting trends of the industry within mainland China.
Some of the highlights from his session included his notes on the following:
Asset Protection Structures – Offshore Personal Trust Co (PTC) / Personal Investment Co (PIC) versus Onshore Asset Holding companies
Global Common Reporting Standard (CRS) / Tax Residence Statuses – ‘Tax haven’ vs G7
PRC (People’s Republic of China) Established vs Emerging Wealth sources – the need for asset protection and legacy succession planning
Mr. Ma emphasized the need to address new challenges facing newly-established entrepreneurs and wealth sources, specifically those based in China. Mr. Ma also presented case studies on a few Axiom’s PRC clients as an example of how our team managed to resolve major challenges through our methodology.
Participants of this event greatly appreciated Mr. Ma’s insight into the financial services and wealth management industry in China, what type of clients are emerging from this region, and promoting Axiom as a whole!