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Financial leaders tiptoe around Beijing’s asset scrutiny, hail Hong Kong’s wealth boom

Marcus Chen
Managing Editor · Saturday, November 7, 2026 at 6:00 AM · 1 min read
Financial leaders tiptoe around Beijing’s asset scrutiny, hail Hong Kong’s wealth boom — Shanghai Business news

Global financial leaders who gathered in Hong Kong this week largely sidestepped Beijing’s offshore trust tax crackdown, a lingering near-term hurdle for the city’s otherwise expanding wealth management industry. Beijing’s move earlier this year to step up scrutiny of wealthy families’ overseas assets was barely discussed openly at a series of financial industry events, including the Global Financial Leaders’ Investment Summit and the PWMA Wealth Management Industry Summit 2026, even as it...

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