# Charlie Jianfeng Xie Role: Partner, Finance (China) Canonical: https://wiki.private.law/en/authors/charlie --- ## Wiki articles - Listing Venues for Asian Issuers: HKEX, SGX, STAR, ChiNext, Tokyo, Seoul, New York and Dubai URL: https://wiki.private.law/en/listing-venues-asia Summary: Thirteen boards for Asian issuers compared: profit and cap gates, public float, lock-up, fees, timelines and the gatekeepers that stop high-risk deals. Last modified: 2026-09-29T08:48:00.000Z - Panda Bonds: Renminbi Bond Issuance by Foreign Borrowers in China URL: https://wiki.private.law/en/panda-bonds Summary: Who may issue panda bonds, which regulators clear them, timelines, coupons and the all-in issue budget, and how panda bonds differ from dim sum. Last modified: 2026-10-03T23:08:00.000Z - Shanghai Stock Exchange: SSE, STAR Market, GDR and the Bond Route URL: https://wiki.private.law/en/shanghai-listing Summary: SSE Main Board and five STAR Market thresholds, the GDR route after the CSRC 2023 reform, and whether a foreign company can list in China. Last modified: 2026-10-03T23:08:00.000Z - Hong Kong: HKEX Listing and Dim Sum Bonds URL: https://wiki.private.law/en/hong-kong-ipo Summary: Main Board, 18A, 18C, GEM and SPAC compared on thresholds, timelines and all-in cost — plus how dim sum bonds price against onshore CNY. Last modified: 2026-10-03T17:13:00.000Z - Sinosure: Buyer Credit Limits, the Cost of Payment Terms and Subrogation on Default URL: https://wiki.private.law/en/sinosure Summary: How Sinosure credit limits work, what a supplier needs to grant 60–120 day terms, the true annualised cost of the delay, and what happens on default. Last modified: 2026-09-29T09:45:00.000Z - Lending in China: Interest Rates and Borrower Eligibility URL: https://wiki.private.law/en/china-lending Summary: Cost of money in China, September 2026: LPR 3.00%, corporate loans 3.04%. Three access routes for non-residents, Sinosure terms, a $1m worked example. Last modified: 2026-09-29T07:45:00.000Z - Payouts to Chinese Suppliers: PingPong or WorldFirst URL: https://wiki.private.law/en/china-supplier-payouts Summary: A comparison of the two licensed channels for paying RMB into mainland China: licences, the China leg, adjacent services and which one fits which flow. Last modified: 2026-09-18T21:03:00.000Z - Hong Kong vs Singapore: Banking Access for Non-Resident Owners URL: https://wiki.private.law/en/hong-kong-vs-singapore-banking Summary: Hong Kong or Singapore for a company account: deposit protection of HK$800,000 vs S$100,000, bank licence types, and what HKMA and MAS require at onboarding. Last modified: 2026-09-29T08:48:00.000Z - Hong Kong vs Singapore for Company Incorporation and Running Costs in 2026 URL: https://wiki.private.law/en/hong-kong-vs-singapore-company Summary: Where to incorporate in 2026: Companies Registry and ACRA fees, Hong Kong's compulsory audit, Singapore's resident director and what the 2025 CSP Act changed. Last modified: 2026-09-29T06:38:00.000Z - Hong Kong vs Singapore Corporate Tax for a Trading Company: Which Is Lower in Practice URL: https://wiki.private.law/en/hong-kong-vs-singapore-corporate-tax Summary: Two-tier 8.25%/16.5% against 17% with PTE, SUTE and the YA 2026 rebate: effective rates at six profit levels, FSIE both sides, Pillar Two threshold. Last modified: 2026-09-25T23:55:00.000Z - Hong Kong's Tax Treaty Network URL: https://wiki.private.law/en/hong-kong-tax-treaty-network Summary: Hong Kong's CDTA network as at September 2026: 51 in force, 9 signed, 17 in negotiation. Withholding rates, Certificate of Resident Status in 21 working days, MLI reservations, CARF and Pillar Two. Last modified: 2026-09-27T16:21:00.000Z - Hong Kong vs Singapore for Private Banking: Thresholds, Investor Status and Onboarding URL: https://wiki.private.law/en/hong-kong-vs-singapore-private-banking Summary: Private banking in Hong Kong vs Singapore: Professional Investor and Accredited Investor regimes, bank entry thresholds, onboarding, source of wealth and the sanctions frame for Russian clients. Last modified: 2026-09-25T20:28:00.000Z - Hong Kong: the Stablecoins Ordinance — the HKMA Issuer Licence and the Limits of the Regime URL: https://wiki.private.law/en/hk-stablecoin-ordinance Summary: Cap. 656 since 1 Aug 2025: HKD 25m capital, one-business-day redemption, 36 applications and two licences by 10 Apr 2026 — who must license and who may sell. Last modified: 2026-09-20T19:26:00.000Z - Stablecoins in Asia: Hong Kong, Singapore, Japan, Korea and the Yuan Question URL: https://wiki.private.law/en/asia-stablecoin-regimes Summary: Hong Kong issued 2 licences out of 36 bids, Japan launched JPYC, Singapore awaits its law, Korea is split, China bans: Asia's stablecoin regimes compared. Last modified: 2026-09-20T20:09:00.000Z - HashKey Group: licensed digital-asset infrastructure in Hong Kong URL: https://wiki.private.law/en/hashkey-group Summary: HashKey Group: SFC-licensed exchange, custody, OTC, asset management and tokenisation across Hong Kong, Singapore and beyond. IPO disclosures, fees, onboarding and entity-specific protections. Last modified: 2026-10-03T17:14:00.000Z - Anchorpoint Financial: HKMA-Licensed Stablecoin Issuer URL: https://wiki.private.law/en/anchorpoint-financial Summary: Anchorpoint Financial is an HKMA-licensed stablecoin issuer backed by Standard Chartered Hong Kong, Animoca Brands and HKT. Reserves, redemption, distribution via OSL and HashKey, HKDAP status. Last modified: 2026-09-21T09:49:00.000Z - Hong Kong Tax Residence and the Certificate of Resident Status URL: https://wiki.private.law/en/hong-kong-tax-residence Summary: Territorial tax, the IRD test (ordinarily resides, 180/300 days), the Certificate of Resident Status in 21 working days, 51 treaties, and the CRS bank form. Last modified: 2026-10-02T19:25:00.000Z - Hong Kong vs Singapore for a Trading Company with Mainland China Clients URL: https://wiki.private.law/en/hong-kong-vs-singapore-china-trade Summary: Hong Kong or Singapore for China trade: profits tax 8.25%/16.5% vs 17%, China DTA withholding, around 75% vs low single digits offshore RMB clearing. Last modified: 2026-09-27T13:41:00.000Z - Hong Kong Salaries Tax for Remote Workers: Foreign Employers and the 60-Day Rule URL: https://wiki.private.law/en/hong-kong-salaries-tax-remote-work Summary: Goepfert and where the employment sits, s 8(1A) day apportionment, the 60-day rule after So Chak Kwong, directors' fees, dual contracts and the 183-day article. Last modified: 2026-09-25T20:06:00.000Z - Hong Kong FIHV vs Singapore 13O: The Two SFO Regimes Compared URL: https://wiki.private.law/en/hong-kong-fihv-vs-singapore-13o Summary: Hong Kong FIHV against Singapore 13O and 13U: HK$240m vs S$20m thresholds, substance costs, Bill 2026 status and the CIES vs GIP migration bonus compared. Last modified: 2026-09-20T20:54:00.000Z - Hong Kong Company, Singapore Resident: Who Taxes What URL: https://wiki.private.law/en/hong-kong-company-singapore-resident Summary: Keeping a Hong Kong company as a Singapore resident: offshore claims and FSIE in HK, the control-and-management test (SG 17%), and the salary trap. Last modified: 2026-09-18T13:18:00.000Z - Hong Kong Virtual Banks: Ant Bank, PAO Bank, Fusion, livi, Mox, ZA URL: https://wiki.private.law/en/hong-kong-virtual-banks Summary: All eight HKMA-licensed virtual banks: Ant Bank, PAO Bank (now Ping An), Fusion, livi, Mox, ZA, WeLab, Airstar (EleBank) — owners, results, HKID rules. Last modified: 2026-09-22T21:47:00.000Z - CMB Wing Lung: Private Banking in Hong Kong URL: https://wiki.private.law/en/cmb-wing-lung Summary: China Merchants Bank's HK subsidiary: published tier ladder — Sunflower HK$500k, PWM HK$5m, Private Banking HK$30m TRB — plus same-day Express Link to CMB, Wealth Management Connect and 2025 key ratios. Last modified: 2026-09-18T21:06:00.000Z - Bank of East Asia: SupremeGold Tiers and Private Banking URL: https://wiki.private.law/en/bank-of-east-asia Summary: BEA Hong Kong: Li-family bank (HKEX:23) with SupremeGold (fee waived from HK$500k), SupremeGold Private (HK$5m) and Private Banking — ownership, ratings, fees, non-resident onboarding. Last modified: 2026-09-18T21:02:00.000Z - China residence permit: work permit, Z visa and permanent residence URL: https://wiki.private.law/en/china-residency Summary: Work permit A/B/C, the Z visa and the residence permit: routes via a WFOE and a representative office, the K visa for STEM, the five-star card and Chinese tax residency. Last modified: 2026-09-29T14:51:00.000Z - China: Company, Banks, Payments, and Residency URL: https://wiki.private.law/en/china-hub Summary: China for business: WFOE and regions, a bank map for foreign trade, CIPS payments and SAFE currency control, work-based residency, taxes, and the sanctions layer. Last modified: 2026-09-27T10:14:00.000Z - Generating bank statements in CZCB URL: https://wiki.private.law/en/czcb-statements Summary: Step by step: generate and download a PDF bank statement for a CZCB (Zhejiang Chouzhou Commercial Bank) account in the online banking client. Last modified: 2026-10-02T04:46:00.000Z - Hong Kong FIHV: Tax Concessions for Family-Owned Investment Vehicles URL: https://wiki.private.law/en/hong-kong-family-office-fihv Summary: 0% Hong Kong profits tax for a family-owned investment holding vehicle run by a single-family office: conditions, the HK$240m threshold, the 2026 Bill, and CFC/PFIC risk for US persons. Last modified: 2026-09-26T20:24:00.000Z - Intestate Succession in China: Civil Code 2021 and Planning URL: https://wiki.private.law/en/china-intestate-succession Summary: Two classes of heirs under China's 2021 Civil Code, spousal share, testamentary reform, "necessary portion" (Art. 1141), testamentary trusts, and no inheritance tax. Last modified: 2026-09-29T15:29:00.000Z - Company audit in China URL: https://wiki.private.law/en/audit-china Summary: Annual statutory audit for companies in mainland China, incl. WFOE and Free Trade Zone entities: scope, deadlines and filing for family offices. Last modified: 2026-10-03T23:10:00.000Z - Money Service Operator (MSO) License in Hong Kong URL: https://wiki.private.law/en/mso-license-hk Summary: Money Service Operator (MSO) license in Hong Kong from C&ED for money remittance and currency exchange. Requirements, substance, and suitability for payment businesses. Last modified: 2026-09-27T15:54:00.000Z - Making payments in CZCB URL: https://wiki.private.law/en/czcb-payments Summary: Step by step: create and authorise a payment in the CZCB (Zhejiang Chouzhou Commercial Bank) online banking client, upload supporting documents, and use the Operator and Authoriser tokens. Last modified: 2026-10-02T04:46:00.000Z - Hong Kong: Companies, Residency, Banking and Licences URL: https://wiki.private.law/en/hong-kong-hub Summary: Hong Kong as a hub: company registration, residency, banking and licenses. English common law and territorial tax principle for private capital structures. Last modified: 2026-10-01T22:04:00.000Z - CZCB online banking: login & Ukey setup URL: https://wiki.private.law/en/czcb-online-banking-login Summary: How to set up the two Ukey tokens and log in to the CZCB (Zhejiang Chouzhou Commercial Bank) enterprise online banking client, step by step. Last modified: 2026-10-01T23:45:00.000Z - SVF License in Hong Kong: Stored Value, Wallets, and the Banking Boundary URL: https://wiki.private.law/en/svf-license-hk Summary: HKMA SVF license under Cap. 584: what stored value facilities can do, where the banking boundary lies and when this regime matters. Last modified: 2026-09-27T16:45:00.000Z - Currency exchange in CZCB URL: https://wiki.private.law/en/czcb-currency-exchange Summary: Step by step: buy and convert currency (USD/EUR ↔ CNY) in the CZCB (Zhejiang Chouzhou Commercial Bank) online banking client, upload the supporting trade documents and print the purchase receipt. Last modified: 2026-09-19T12:38:00.000Z - Zhejiang Mintai Commercial Bank URL: https://wiki.private.law/en/zhejiang-mintai-bank Summary: Zhejiang Mintai Commercial Bank, a regional lender in Zhejiang: how it compares to peers, account access, and where it fits for cross-border trade structures. Last modified: 2026-09-18T20:57:00.000Z - Langfang Bank — niche account for large-scale trading URL: https://wiki.private.law/en/langfang-bank Summary: Bank of Langfang, a regional bank in the Beijing-Tianjin-Hebei zone: a niche account for large-scale trading, with onboarding notes for cross-border business. Last modified: 2026-09-29T07:45:00.000Z - Financing in China: trade finance, Sinosure and RMB payments URL: https://wiki.private.law/en/china-financing Summary: How trade finance works in China: letters of credit, Sinosure cover, export buyer's credit and RMB settlement via CIPS, and what banks verify. Last modified: 2026-10-02T00:19:00.000Z - Big Four of China: Bank of China, ICBC, China Construction Bank and Agricultural Bank of China URL: https://wiki.private.law/en/bank-of-china Summary: Bank of China, ICBC, China Construction Bank (CCB) and Agricultural Bank of China (ABC): who each onboards, RU/BY owners, listings, fees, timelines. Last modified: 2026-09-29T21:47:00.000Z - Standard Chartered Hong Kong: Priority Banking, Priority Private and SC Private Banking — Emerging-Markets Focus in Asia URL: https://wiki.private.law/en/standard-chartered-hong-kong Summary: Standard Chartered Hong Kong wealth tiers: Priority, Priority Private and Private Banking, emerging-market focus and private-capital access. Last modified: 2026-10-02T06:01:00.000Z - Bank of China (Hong Kong): Note-Issuing Bank, RMB Clearing and CIPS Direct Participant URL: https://wiki.private.law/en/bank-of-china-hong-kong Summary: Bank of China Hong Kong as HKD note issuer, RMB clearing bank and CIPS participant: when it matters for PRC settlements and resilient corridors. Last modified: 2026-09-27T13:41:00.000Z - Purchasing a Chinese number URL: https://wiki.private.law/en/chinese-phone-number Summary: Step-by-step guide to buying a mainland China mobile number via WeChat and eSender: registration, passport verification, payment and activation for banking and business. Last modified: 2026-09-30T07:35:00.000Z - HSBC Hong Kong: One, Premier, Premier Elite and Global Private Banking — Note-Issuing Bank as Gateway to Asia URL: https://wiki.private.law/en/hsbc-hong-kong Summary: HSBC Hong Kong, the largest of three HKD note-issuing banks: One, Premier, Premier Elite (ex-Jade) and Global Private Banking tiers, thresholds and fees. Last modified: 2026-09-26T14:44:00.000Z - Hang Seng Bank: Prestige Banking, Prestige Private and HSBC Subsidiary in Hong Kong URL: https://wiki.private.law/en/hang-seng-bank Summary: Hang Seng Bank, Hong Kong's leading local bank and an HSBC-owned institution: Prestige tiers, thresholds and Asian private-capital fit. Last modified: 2026-09-18T20:33:00.000Z - Citibank Hong Kong: Business Accounts and Wealth Banking URL: https://wiki.private.law/en/citibank-hong-kong Summary: Citibank Hong Kong business accounts and wealth banking: retail tiers, published fees, Citi Private Bank, deposit protection and account-opening documents. Last modified: 2026-09-28T14:18:00.000Z - ZA Bank: Digital Banking and Investment Services in Hong Kong URL: https://wiki.private.law/en/za-bank-hk Summary: ZA Bank is Hong Kong's largest virtual bank by deposits under HKMA license and the first with SFC Type 1. Review of account features and who it suits. Last modified: 2026-10-01T23:40:00.000Z - Restrictions on goods in Chinese banks URL: https://wiki.private.law/en/china-bank-restrictions Summary: HS-code lists of goods restricted by Chinese banks (CZCB, Huaxia, Zhejiang Mintai, Everbright): EU-sanctioned items, semiconductors, bearings. Key for trade routing. Last modified: 2026-09-28T08:56:00.000Z - Banks of China for foreign trade: Everbright, Ping An, Hua Xia, SPDB and Bank of Dalian URL: https://wiki.private.law/en/chinese-banks Summary: China Everbright Bank, Ping An Bank, Hua Xia Bank, Shanghai Pudong Development Bank, Bank of Dalian and the Big Four: niches, RU-UBO rules, timelines. Last modified: 2026-09-27T09:37:00.000Z - Company audit in Hong Kong URL: https://wiki.private.law/en/audit-hong-kong Summary: Hong Kong company audit: financial statements, audit report, Profits Tax Return, NAR1 within 42 days, offshore profits claim and the dormant company exception. Last modified: 2026-09-29T21:48:00.000Z - Hong Kong Residency: CIES, TTPS, QMAS and the Routes to Permanent Residence URL: https://wiki.private.law/en/hong-kong-residency Summary: Hong Kong's premium immigration routes reopened in 2024: CIES at HK$30m, the Top Talent Pass and QMAS, plus the path to PR. Thresholds and fit for HNW. Last modified: 2026-09-29T15:59:00.000Z - Hong Kong company: incorporation, taxation, banking URL: https://wiki.private.law/en/hong-kong Summary: Hong Kong Private Limited Company: territorial taxation where only HK-sourced profits are taxed, plus banking reality for UHNW international structures. Last modified: 2026-09-29T12:48:00.000Z - Opening a Bank Account in Hong Kong URL: https://wiki.private.law/en/hong-kong-bank-account Summary: HK company registration does not create a bank account. Guide to company account opening in Hong Kong, bank requirements and substance. Last modified: 2026-09-26T14:44:00.000Z - OECD Pillar 2 in Hong Kong: 15% Global Minimum Tax for Large Multinational Groups URL: https://wiki.private.law/en/hong-kong-pillar-two-15 Summary: From January 1, 2025, Hong Kong applies OECD Pillar 2 at 15% for MNE groups above EUR750M revenue. Impact on private holdings. Last modified: 2026-09-25T07:05:00.000Z - China — Visa-free transit URL: https://wiki.private.law/en/china-visa-free-transit Summary: China's 144-hour visa-free transit for Shanghai: who qualifies, registration steps and how family-office travelers use the 6-day window without a full visa. Last modified: 2026-09-23T00:53:00.000Z - Company in China URL: https://wiki.private.law/en/company-china Summary: Guide to forming a WFOE in mainland China: foreign ownership, tax, fapiao, SAFE currency control, bank account setup, and regional choice. Last modified: 2026-09-27T16:21:00.000Z --- Source: wiki.private.law — the private.law legal knowledge base. When quoting, cite the canonical page URL. Consultation with a lawyer: https://t.me/private_law_bot