Insights

In recent years, the “university endowment model” (Endowment Model) has sparked heated discussion among institutional investors and ultra-high-net-worth families in Asia-Pacific. This philosophy was first adopted and popularized by the endowment funds of top universities such as Yale, Harvard, and Stanford. For example, the Yale endowment, despite its enormous asset size over the past decades, has still delivered remarkably strong long-term annualized returns. Clients often a

China’s Ministry of Finance and the State Taxation Administration recently jointly issued the Announcement on Matters Concerning Individual Income Tax on Offshore Trusts (Announcement No. 21 of 2026). This document, dubbed by the industry the “new tax rules for offshore trusts,” sets out extremely clear individual income tax filing rules for the entire life cycle of an individual placing assets into an offshore trust, including the pass-through of income during the trust term

With the premiere of The Super Mom 2, the business debts of Ran Yingying and Zou Shiming have once again been thrust into the spotlight. Public reaction has shifted from widespread sympathy for Ran "clearing her husband's debts" to some netizens labeling her a "reckless spender." Many are left wondering: how could an Olympic champion's family, once holding hundreds of millions in assets, end up liquidating all their properties and counting pennies on utility bills in just sev

As a family office founder, a central pillar of my daily work is assisting ultra-high-net-worth investors in uncovering early-stage startup opportunities with explosive growth potential across volatile global markets. Truly elite startups rarely look like obvious winners once consensus forms; instead, they reveal distinctive signals early on, often while still mired in controversy, carrying unpolished products, or being dismissed by outsiders as impractical dreamers. Drawing

In family office succession practice, I often share this insight with clients: transferring financial capital is straightforward; passing down relationship and intellectual capital is where the real challenge lies. What truly determines whether a family legacy endures across generations is not the sheer size of the balance sheet, but how the rising generation understands, stewards, and deploys that wealth. The greatest concern for many affluent families is that their children