South China Morning Post·4 min read·medium
South China Morning Post
T
Themis Qi
✦AI Summary
Hong Kong's status as a premier wealth management hub is facing scrutiny following Beijing's new tax regulations on offshore trusts. While some fear these measures may disrupt capital flows, analysts suggest the city's long-term competitiveness will rely on its professional services and regulatory compliance.
For decades, Hong Kong has been a magnet for the rich.
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