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15-04-2023, 01:50 AM
"Although China was not mentioned by name, it was clear that regulators were referring to the country, they added.
Lawyers and industry groups estimate Singapore had 1,500 family offices by the end of last year, with a large chunk of them from China.
MAS estimated there were about 700 family offices at the end of 2021. Industry experts say the current estimate is more like 1,400, with mainland Chinese the biggest drivers of growth"
Lawyers and industry groups estimate Singapore had 1,500 family offices by the end of last year, with a large chunk of them from China.
MAS estimated there were about 700 family offices at the end of 2021. Industry experts say the current estimate is more like 1,400, with mainland Chinese the biggest drivers of growth"
