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1 month ago | 
caixinglobal.com | Yue Yue |Denise Jia
Explore the story in 3 minutesAnn Kaplan Mulholland, a wealthy Canadian businesswoman residing in Britain, devised a bold plan to transform her £5.5 million castle into an independent country to avoid high UK taxes, particularly a 40% inheritance tax. Though her proposal failed, it prompted discussion among tax lawyers, highlighting a growing trend of wealthy individuals facing diminishing tax loopholes in the UK and across the world. This is fueled by global efforts to combat tax avoidance. [para.
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1 month ago | 
caixinglobal.com | Yue Yue |Denise Jia
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Ann Kaplan Mulholland had an audacious plan. The 64-year-old Canadian businesswoman, worth an estimated £500 million ($646 million), had spent years living in Britain. She and her husband even bought a £5.5 million castle once occupied by Henry VIII, embracing a medieval lifestyle.
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1 month ago | 
caixinglobal.com | Yue Yue |Han Wei
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Chinese milk tea chain Chagee Holdings has won approval from Beijing to proceed with an initial public offering (IPO) in the United States, joining a growing wave of consumer brands turning to overseas markets for funding.
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Jan 24, 2025 | 
caixinglobal.com | Yue Yue |Quan Yue |Qing Na
00:00/00:00 您的浏览器不支持 audio 标签。 Listen to this article 1x For China’s mutual fund industry, bonds are in and stocks are out. As of the end of September, mutual funds held 16.8 trillion yuan ($2.3 trillion) in bonds, constituting more than half of the industry’s over 30 trillion yuan in assets, according to East Money Information Co. Ltd., a financial data compiler. In contrast, stocks accounted for less than a quarter.
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Jan 23, 2025 | 
caixinglobal.com | Guan Cong |Yue Yue |Denise Jia
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TikTok intends to remain in the United States without selling its business and is proposing alternative solutions to meet national security concerns, ByteDance board member William Ford said.
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Jan 23, 2025 | 
caixinglobal.com | Kelly Wang |Xu Heqian |Yue Yue |Guan Cong
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Chinese Vice Premier Ding Xuexiang vowed that China will treat foreign-invested companies and domestic firms equally, in a show of the top leadership’s determination to reassure foreign investors.
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Jan 22, 2025 | 
caixinglobal.com | Yue Yue |Denise Jia
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Lawrence Summers, the former U.S. Treasury Secretary, spoke at this year’s Davos-Caixin CEO Luncheon of the transformative rise of artificial intelligence (AI) and shifting global political and economic dynamics as the defining forces of the decade.
He emphasized AI’s unprecedented potential for self-enhancement and its far-reaching impact across industries and societies.
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Jan 17, 2025 | 
caixinglobal.com | Yue Yue |Denise Jia
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Citadel Securities’ application to establish a wholly foreign-owned brokerage in Shanghai was received by China’s securities regulator on Friday, marking a delayed step in the American market maker’s plans to expand its specialized services in China’s financial market.
Citadel Securities intended to submit the application in late 2024 but faced delays due to the complexity of preparatory work.
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Jan 15, 2025 | 
caixinglobal.com | Yue Yue |Qing Na
00:00/00:00 您的浏览器不支持 audio 标签。 Listen to this article 1x A handful of Chinese banks have spent the better part of a decade tangling in courts in two countries in an effort to recover more than $700 million owed by a bankrupt telecom company run by a member of India’s richest family. A decision by India’s highest court last month finally gives them a shot at getting some of their money back.
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Jan 15, 2025 | 
caixinglobal.com | Yue Yue |Qing Na
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A handful of Chinese banks have spent the better part of a decade tangling in courts in two countries in an effort to recover more than $700 million owed by a bankrupt telecom company run by a member of India’s richest family. A decision by India’s highest court last month finally gives them a shot at getting some of their money back.
