China Tightens Its Grip on Billions in Offshore Wealth
On today’s Big Take Asia podcast, Beijing is trying to stop money from leaving the country. Why now – and what it means for wealthy investors and global markets.
On today’s Big Take Asia podcast, Beijing is trying to stop money from leaving the country. Why now – and what it means for wealthy investors and global markets.
California is considering a one-time, 5% tax on billionaires to fund healthcare shortfalls tied to major federal cuts. Opponents say it will prompt the uber-rich to leave, while supporters argue states can't afford not to tax wealth that's grown far faster than ordinary incomes.
Developing story — details emerging. Check the source link for the latest updates.
Developing story — details emerging. Check the source link for the latest updates.
The deal marks a bold experiment in the wealth management industry that could shift the balance of power from advisory firms to wealthy groups of investors.
The windfalls Gulf sovereign wealth funds are poised to receive will offer a nicely timed boost to their balance sheets.