Born in Nanchang, Jiangxi Province (PRC) Mr. J has developed and completed more than 3 million square meters of completed construction projects through his real estate enterprise. He has developed over 12 real estate projects in China, ranging from real estate development to private & IPO real estate related equity investment. In addition, Mr. J’s participation into emerging industries such as biology and new energy have accumulated over RMB20 billion (USD2.8bn) in investments.
Currently, Mr. J is preparing to invest in the Nuku’alofa CBD Special Economic Zone in the Kingdom of Tonga. The special economic zone covers an area of 40 square kilometers and involves industries such as finance, tourism, leisure, biology and agriculture. Mr. J is also preparing to participate/invest in the construction of Moso City, the capital city of Shefa, Vanuatu.
As a successful overseas Chinese businessperson , Mr. J aims to further incentivize economic growth and attract investors into the Vanuatu region through this project, following his invitation by the Chinese government to participate in the ongoing ‘Belt & Road Initiative’; specifically, the Asia-Maritime region of the Belt & Road project.
Axiom assisted with Mr. J to achieve two primary goals for his wealth: distribute it amongst his beneficiaries through a succession plan (a trust over an insurance ‘wrapper), and preserve the capital under a tax-efficient manner. The trust funds would allow Mr. J to distribute his assets accordingly as he desired, and plan ahead for any future beneficiaries to receive a portion of cash flow from Mr. J’s trust (even if they were not born yet).
Mr.J wanted to set up trust funds for his eleven children and various beneficiaries as a way to distribute his wealth, in order to pay for all of their education and living expenses. Axiom assisted with this by setting up a portfolio of fixed-income bonds that would be able to provide cash flow for the multiple trust fund accounts setup by Mr. J. The funds would be distributed on a quarterly basis to finance every account holder ’s expenses.
In addition, Axiom set up Mr J’s capital trust under an insurance ‘wrapper’. We ensured this policy would be tax-efficient (policy would be tax deferred indefinitely for an entire lifetime), and Mr. J’s capital would be sustained for each succeeding generation.