We are pleased to be featured in Yicai (第一财经), one of China’s leading financial media platforms covering macro policy, capital markets and cross-border developments.
In the article, our Managing Director of Ascentium Fiduciary, Joe Cheung, shares how the upcoming implementation of CRS 2.0 and CARF is reshaping transparency standards for offshore trusts, and what misconceptions continue to expose cross-border families and entrepreneurs to avoidable risks.
From governance gaps and reporting inconsistencies to evolving verification requirements across jurisdictions, the article outlines the most common pitfalls in offshore trust structures and emphasises why disciplined, full-lifecycle governance, spanning documentation, compliance and ongoing administration, is now critical in an era of increasing global tax transparency.
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