The market is still forming its response to Announcements 21 and 15. No adviser should present a settled template for every family. The immediate value lies in disciplined fact-finding, clear professional responsibilities and a review process that connects offshore trust practice with Mainland tax judgment.
How Fung Yu Private Client Services Can Assist with
Announcements 21 and 15
Our role is to coordinate, not overclaim.
Fung Yu Private Client Services can assist families and their advisers in organising the offshore trust, accounting, banking-record and structural workstreams required for an initial China-connected trust review. Where Chinese tax advice, filing or tax-authority communication is required, that work should be led by appropriately qualified Mainland tax advisers or legal counsel. Fung Yu can help assemble the facts, identify evidence gaps and coordinate implementation with the relevant offshore and onshore professionals.
Potential areas of assistance
Initial China-connected trust review
mapping the structure, key persons, China connections, available records, tax-liquidity issues and immediate priorities.
Historical records and evidence
organising the trust deed and fiduciary records, contribution history, asset values, income, gains, distributions, loans, guarantees and personal benefits.
Cross-border adviser coordination
helping the trustee, bank, investment manager, accountant, offshore lawyer and appropriately qualified Mainland tax or legal adviser work from one coherent fact base.
Structural and implementation follow-through
considering whether the structure should be retained, simplified, supplemented or restructured, and what continuing information or governance process may be appropriate.
These are indicative areas of assistance, not a fixed product menu. The appropriate scope will depend on the family’s circumstances, the available records and the professional advice required.
For more details, please feel free to contact our Cross-Border Structure Expert.
Harry Yu
Senior Partner 丨 Cross-Border Structures and Trusts 丨 TEP 丨 CTP
Based in Shanghai, China, Harry is an advisor specializing in Hong Kong and cross-border family trusts and family governance. With over 20 years of experience in cross-border wealth management and family office advisory, he advises ultra-high-net-worth families and family offices on global structuring, cross-border strategic planning, and long-term governance solutions.
Find us
Hong Kong
10/F., Guangdong Investment Tower, 148 Connaught Road Central, Hong Kong
Tel: +852 2541-6632
Fax: +852 2541-9339
Email: info@fungyuco.hk
Hong Kong
10/F., Guangdong Investment Tower, 148 Connaught Road Central, Hong Kong
Tel: +852 2541-6632
Fax: +852 2541-9339
Email: info@fungyuco.hk
Shanghai
Suite 2252, 22/F, Zhabei Centro, 568 Hengfeng Road, Jing’an District, Shanghai, PRC
Email: info.sh@fungyuco.cn
Shanghai
Suite 2252, 22/F, Zhabei Centro, 568 Hengfeng Road, Jing’an District, Shanghai, PRC
Email: info.sh@fungyuco.cn
Guangzhou
Room 1912, West Point Centre,
65 Zhongshan 7th Road, Liwan District, Guangzhou, PRC
Tel: +86 20 8762 0508
Fax: +86 20 3762 1108
Email: info.gz@fungyuco.cn
Guangzhou
Room 1912, West Point Centre,
65 Zhongshan 7th Road, Liwan District, Guangzhou, PRC
Tel: +86 20 8762 0508
Fax: +86 20 3762 1108
Email: info.gz@fungyuco.cn
Beijing
Room 202-A16, Yili Ecological Plaza, Building 2, 15 Guanghua Road, Chaoyang District, Beijing, China
Email: info.bj@fungyuco.cn
Beijing
Room 202-A16, Yili Ecological Plaza, Building 2, 15 Guanghua Road, Chaoyang District, Beijing, China
Email: info.bj@fungyuco.cn
