iLEAD HORIZON_November Issue_English Edition

总12期

Editor’s 

Foreword

Dear Valued Investors,

 With the dust settling on the U.S. presidential election, the financial investment landscape continues to evolve at an unprecedented pace. The integration of the development of technological innovation applications, constantly changing geopolitical dynamics, and the renewal of globalization has created both tremendous opportunities and significant challenges for investors.

The market is excited about the new prosperity and the huge and lucrative opportunities promised by Trump. The recent surge in trading in the U.S. securities market highlights investors' eagerness to embrace the opportunities for tax cuts, reduced regulation, and economic expansion in the next four years. Admittedly, this also brings the dual threats of rising inflation and an expanding budget deficit, causing risks of uncertainty and complexity regarding the Federal Reserve's interest rate cut policies and an inability to provide clear forward guidance. Globally, the Russia-Ukraine conflict and the situation in the Middle East are disrupting the global supply chain and trade system. China was once a global investment hotspot leading the world, but its economic transformation in recent years has put foreign investors in a dilemma. The challenges faced by the Chinese market in its future high-quality development urgently need to be re-evaluated. On the other hand, the continuous emergence of technological development, applications, and digital explorations around the world is becoming an important hotspot in global wealth investment management.

As a financial practitioner who has been deeply involved in the field of wealth investment management for many years, I often have to think about the complex rules behind economic development and investment wealth accumulation. In today's turbulent global economy, a difficult question facing investors is: Should they adopt an asset preservation strategy to reduce risks? Or should they seek higher-risk investment returns to cope with the constantly changing environment?

This issue of "Elied Vision" outlines the new macro trends of the global economy. We explore timely investment themes, ranging from traditional assets and alternative investments to cutting-edge investment tools. We are navigating in a world shaped by technological progress, geopolitical changes, and changing economic paradigms, and the need for wise and insightful investment strategies has never been more important. Remember, wealth investment management should not only focus on asset appreciation but also anticipate and respond to future uncertainties. I hope this issue of the magazine can provide inspiration and help you move forward steadily on the road of investment wealth management.

At the same time, we sincerely invite you to join us, share your ideas, participate in our content, and shape the future of investment. Together, we will deal with the complexity of the investment world, unleash the potential for long-term financial success, and navigate the financial landscape of the new era.

November 10, 2024

CEO Bill Liu

Issue 2,  2024

Organizer:

iLead Group

Editor-in-Chief:

William Lo

Editor:

Lacey Liu

Layout Design:

Nemo Wang

Chief Planner:

Colin Miao

Address:

Phone:

For contribution:

99 Park Ave, Ste 830, 

New York, NY 10016

(212) 836-6060

horizon@ileadgroup

usa.com

Co-organizers:

iLead Law Group, P.C.

Fifth Ave Entrepreneurs Club

Asian American Attorneys Association

Community Legal Aid Center of NY

Creative Director:

Josh Zhu

Join us on WeChat:

Scan the code to join the 

groupchat of iLead

Your Monthly Guide to Business and Wealth Management

 iLEAD HORIZON

Your Monthly Guide to Business and Wealth Management

  iLEAD HORIZON

The 

Editorial

Leading Capital, LLC

Federal Reserve Rate Cuts: Which Medium and Long-Term Impacts Should We Be Wary Of?

China’s Era of Consumer Downgrading How to Accurately Capture Opportunities & Trends?

How The Global Economy Will Be Reborn And Reshaped Under  The Shadow Of War?

Wealth Overview

China-US Insights

Business Law Perspectives

Will Singapore become a money laundering paradise for the wealthy?

Beijing's Major Market Rescue Measures: Can They Achieve Sustainable Rebounds?

Google Targeted by USDOJ, Will the Tech Industry Experience an Earthquake?

contents

iLEAD Group Insights

Overview of iLead Investment Projects and Activities

01

03

07

11

NEWS

2024.11

iLEAD NEWS

The Leading Wealth No.1 has successfully completed its exit, bringing investors a stable annualized return of 12%. The iLEAD Fund was used to support bridge financing for high-quality real estate projects in New York. With strict risk control measures and a professional team, it ensured the safety of investors' funds and stable earnings.

The Leading Wealth Real Estate Fund No.2 is about to be launched, with an expected annualized yield of over 24%. As a high-quality option with low risks and high returns in the market, Leading Wealth continues to create reliable wealth growth opportunities for investors.

On October 11th, Sinclair Lyu, the CEO of Hurun Report, led his team to visit Ellied Company. The two sides had in-depth discussions on cooperation, aiming to expand the wealth management market in North America and provide global asset allocation services for ultra-high-net-worth clients. Lyu emphasized the strategic importance of the North American market to Hurun Report's global layout and stated that he would work closely with the iLEAD team to provide cross-border wealth management and investment planning for entrepreneur clients. The meeting was chaired by the senior management of iLEAD GROUP. The two sides reached a consensus that they would utilize their respective advantageous resources to jointly provide customized wealth management and legal services for the group of Asia-Pacific entrepreneurs, further promoting the strategic deployment in the North American market.

Hurun Report and iLEAD GROUP Join Forces to Jointly Layout the High-end Wealth Management Market in North America

Issue 2,  2024

Your Monthly Guide to Business and Wealth Management

 iLEAD HORIZON

Your Monthly Guide to Business and Wealth Management

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Interview with Attorney Harry Yang: Strategic Insights on Corporate Law, Tax Planning, 

and Wealth Succession

The Global Wealth Game of Chinese Entrepreneurs: Insights Behind the Rise and Fall

12%

Lacey Liu: Lawyer Yang, your profound experience in the fields of tax and wealth management makes me look forward to this exchange very much. As we all know, when enterprises are engaged in restructuring and mergers and acquisitions, it is really not easy for them to both reduce the tax burden and maintain business growth. How do you usually help clients achieve this balance?

Q:Senior Editor Lacey Liu

Harry Yang: Indeed, the legal and tax issues involved in the process of restructuring and mergers and acquisitions are very complex. If not handled properly, it will not only increase costs but also may generate potential risks. My past work experience has made me realize that the application of multi-level structures, such as using SPVs (Special Purpose Vehicles) to isolate risks and combining with Double Taxation Agreements (DTAs) to reduce the tax burden, can largely help clients find a balance between business expansion and tax optimization. Meanwhile, we also need to closely monitor the tax resident status and CFC (Controlled Foreign Company) rules to ensure compliance with local requirements.

Issue 2,  2024

Your Monthly Guide to Business and Wealth Management

01 iLEAD HORIZON

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Your Monthly Guide to Business and Wealth Management

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Lawyer / Juris Doctor (JD)

Exclusive 

interview

《 iLEAD Horizon 》will periodically invite seasoned professionals in the wealth sector for exclusive interviews, offering authoritative and in-depth analyses. We also warmly welcome readers to nominate themselves to share their unique perspectives and experiences.

Yang: Strategic Insights on 

Corporate Law, Tax Planning, 

and Wealth Succession

Harry Yang

Founding Partner of iLead Law Firm, Managing Partner of the Corporate Law Department

Areas of Expertise:

Financial securities, international tax planning, establishment of equity structures for multinational corporations

Work Experience:

With over 15 years of professional practice experience, he has worked in top global professional institutions such as PwC and Baker McKenzie.

He has a profound professional background in corporate law, capital markets, and international tax planning, focusing on providing comprehensive legal support for multinational enterprises, especially in listing matters in the U.S. market.

The team led by him has demonstrated outstanding professional capabilities in complex transactions such as IPOs, SPACs, and capital restructurings, winning high trust from clients.

Lacey Liu: High-net-worth clients attach great importance to the protection of assets while focusing on wealth accumulation. What suggestions do you usually give them?

Harry Yang: The core of our suggestions is "advance planning" and "risk isolation". At the enterprise level, we can help clients effectively diversify risks through means such as equity transfer, joint venture agreements, and cross-border trusts. At the personal level, prenuptial agreements, family trusts, and privately managed funds with multiple controls are commonly used tools. These methods can not only effectively protect assets, avoid the impact of debt disputes or marital issues on assets, but also ensure that wealth is inherited according to clients' wishes.

Lacey Liu: With international tax supervision becoming increasingly strict, how do you help clients achieve tax optimization while avoiding risks in compliance?

Harry Yang: In terms of tax planning, we will help clients design corporate structures, arrange income in regions with lower tax burdens, and use holding structures to defer tax payments. We will also actively take advantage of local tax incentives and capital gains exemptions to minimize tax expenditures. At the same time, we will conduct regular tax health checks to detect and avoid possible risks in advance. In case of tax disputes, we will provide negotiation and arbitration services for clients to safeguard their legitimate rights and interests.

Lacey Liu: Family trusts are increasingly mentioned in wealth management. What do you think is the role of trusts in the inheritance of family assets?

Harry Yang: Trusts are not just tools for asset management. They also have important significance in the inheritance of family values. Through trusts, clients can control the timing of asset release, avoiding the younger generation from developing bad consumption habits due to the sudden acquisition of wealth. Meanwhile, the roles of trusts in tax optimization and reducing inheritance disputes should not be underestimated. Many clients will also set up charitable trusts, which not only fulfill personal or family's public welfare wishes but also achieve a dual transfer of wealth.

Lacey Liu: In your opinion, what challenges will this industry face in the next five years? Meanwhile, what is your vision?

Harry Yang: With the increasingly complex global regulatory environment, enterprises and high-net-worth clients will face greater challenges in tax compliance and wealth inheritance. We hope to help clients establish flexible and transparent management structures through innovation and professional support, respond to market changes, and achieve long-term financial success and harmonious inheritance of families. In the future, we will cont

A:Harry Yang

Strategic Insights on 

Corporate Law, Tax Planning, and WealthSuccession

by Lacey Liu

Classic Cases:

Provided legal services for international giants such as Moët Hennessy - Louis Vuitton, Coinbase, and Amazon, successfully optimized clients' equity structures and completed international tax planning, ensuring the efficient management and compliance of global assets.

Successfully reduced a client's tax arrears of $100 million to $7 million in a lawsuit with the Internal Revenue Service (IRS).

Helped Coinbase with global tax and transfer pricing planning, enhancing the client's financial compliance and efficiency.

By leading the financial securities team to utilize the investment banking resources on Wall Street, provided customized support for the listing processes of various enterprises and helped many companies successfully ring the opening bell of the NASDAQ.

How The Global Economy Will Be

Under The Shadow Of War?

Market Insights and Investment Strategies

by Ballard M

Issue 2,  2024

  iLEAD HORIZON

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Your Monthly Guide to Business and Wealth Management

03 iLEAD HORIZON

The Russia-Ukraine conflict has transformed global energy supply chains. With Russia excluded from European markets, Europe now relies heavily on U.S. liquefied natural gas (LNG). This has bolstered U.S. energy exports but also driven up domestic energy prices, raising production and consumption costs and creating a paradox of “export prosperity, domestic inflation.” Meanwhile, the Middle East’s instability has intensified oil price volatility, exacerbating global inflationary pressures.

War has significantly inflated energy and food prices, particularly as disruptions in Russian and Ukrainian agricultural exports have driven global food prices to new highs. In 2022, U.S. food inflation reached double digits. To combat inflation, the Federal Reserve raised interest rates, which has helped moderate price increases but also stifled corporate investment, curbed capital market activity, and hit the real estate sector. The U.S. is now grappling with stagflation—a combination of high inflation and slowing economic growth.

The Middle East, as a linchpin of global energy supply, faces heightened uncertainty due to conflict, triggering severe oil price volatility. Rising oil prices not only increase production and transportation costs but also undermine economic growth in oil-importing countries, particularly in Europe and Asia, which depend heavily on Middle Eastern energy. This could lead to severe energy crises and economic challenges in these regions.

Heightened geopolitical risks are prompting Western companies to restructure their supply chains, favoring lower-risk regions such as Vietnam and India. Companies like Apple have already begun shifting production. While these moves mitigate geopolitical risks, they also substantially raise production costs. According to Boston Consulting Group, the trend toward regionalized supply chains could increase corporate costs by 20%-30% over the next five years.

Wars are driving nations to expand their defense budgets. In 2023, U.S. defense spending reached $860 billion, accounting for 14% of the federal budget. As fiscal resources tilt toward military expenditures, funding for infrastructure, education, and social welfare programs may be constrained, potentially dampening future economic growth.

The long-term effects of war will continue to reshape the global economy. Investors should adopt multi-faceted strategies:

● Energy Markets: U.S. LNG and renewable energy are poised to benefit from the reorganization of global energy dynamics.

● Agricultural Supply Chains: Rising food prices present growth opportunities for agricultural enterprises.

● Emerging Markets: Vietnam and India are becoming new manufacturing hubs, offering attractive investment prospects.

● Defense and Cybersecurity: Increased military spending will drive long-term growth in these sectors.

● Commodities: Investing in commodities can effectively hedge against inflation risks.

Amid the complexities of today’s global economic environment, investors should closely monitor these trends and adjust their asset allocations to navigate the challenges and opportunities brought by war.

The financial market is also significantly affected. Following the Fed’s rate cut, investors shift their funds from bonds to higher-yielding assets like stocks. Technology companies, reliant on external financing, gain a significant advantage, particularly during the COVID-19 pandemic in 2020, when giants like Amazon and Apple further solidified their market positions. However, low interest rates also bring bubble risks, as evidenced by the substantial rise in certain emerging tech stocks in 2021. A shift to rate hikes by the Fed often results in severe market volatility.

by Ballard M 

Professional Insight:

The medium to long-term impact of the Fed’s rate cut is far more complex than its short-term effects. While it can temporarily stimulate economic growth and financial market activity, the accompanying rise in debt, asset bubbles, and potential inflation risks cannot be ignored. Policymakers and investors should be wary of the long-term consequences of this economic “stimulant,” enjoying short-term benefits while leaving room for future uncertainties.

Issue 2,  2024

Federal

Reserve 

Rate Cuts: 

Which Medium 

and Long-Term

Impacts Should 

We Be Wary Of?

Firstly, the interest rate cut directly affects the U.S. real estate market. Whenever interest rates decline, mortgage rates follow suit, prompting homebuyers to enter the market and causing a rapid heating of the housing sector. However, this overheated market may bring concerns of a bubble. The low-interest-rate policy in the early 2000s inflated housing prices, ultimately leading to the subprime mortgage crisis. Today, although the rate cut has stimulated housing demand, the long-term imbalance between supply and demand remains a cause for concern.

  iLEAD HORIZON

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The Federal Reserve’s interest rate cut resembles a long-distance race in the economy, seemingly effortless on the surface but fraught with underlying challenges. As the “pulse regulator” of the global economy, the Fed’s policy often triggers a series of cascading effects. We will delve into an in-depth analysis of its medium to long-term impact on the economic landscape.

In terms of employment, the rate cut stimulates business expansion and job growth in the short term. However, when the economy approaches full employment, the effect diminishes. For instance, the rate cut in 2019 boosted the stock market, but the job market’s response fell short of expectations. This indicates that when the labor market becomes saturated, the marginal effect of rate cuts is limited.

For ordinary consumers, the rate cut brings short-term benefits, with lower rates for credit cards, auto loans, and mortgages, enhancing consumption capacity. However, in the long run, excessive borrowing can sow the seeds of a debt crisis. Prior to the 2008 financial crisis, many households fell into distress due to borrowing for consumption. Today, U.S. household debt is on the rise again. While low interest rates alleviate short-term pressure, many families will face repayment challenges once rates increase, leading to a significant decline in consumption capacity and affecting economic growth.

Moreover, the global economy is not immune to the effects of the Fed’s rate cut. Whenever the U.S. cuts rates, capital often flows to emerging markets, driving up local asset prices. However, this capital inflow hides risks. In 2013, after the Fed exited its quantitative easing policy, capital flowed out of emerging markets, and currencies depreciated, with countries like Turkey and Brazil being hit the hardest. This exacerbated volatility in global financial markets.

by Lacey Liu

  iLEAD HORIZON

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The performance of Chinese entrepreneurs on the global wealth stage presents a dual picture. On one hand, they have achieved remarkable success on international wealth lists, reflecting the profound impact of the Greater China region on the global economy. For instance, Jensen Huang, the president of NVIDIA, is ranked 13th globally with a fortune exceeding $106 billion. Rupert Hoogewerf, the CEO of Hurun, points out that the outstanding performance of Chinese entrepreneurs in multiple fields has attracted attention, with achievements of Jack Ma, Wang Jianlin, and Zhang Yiming being widely noted.

However, the other side of the story shows a different trend. According to the 2024 Forbes Global Billionaires List, the number of billionaires in mainland China has decreased from 495 last year to 406, indicating a significant decline. This trend is attributed to multiple factors, including policy pressures, wealth transparency, and market conditions.

In recent years, the Chinese government has intensified its efforts in taxation and anti-corruption. For example, the “Golden Tax Phase III” project has raised standards for tax scrutiny and compliance, cracking down on illegal wealth accumulation but also limiting the growth of entrepreneurs’ wealth. Jack Ma’s fluctuating fortune is directly related to policy changes.

Policy risks have led some entrepreneurs to manage their wealth more discreetly. A tech entrepreneur in Shenzhen, fearing policy intervention, transferred assets overseas, resulting in a less prominent presence on wealth lists. Some high-net-worth individuals, under societal pressure, choose to hide their wealth, such as real estate developer Pan Shiyi, whose fortune is scarcely reflected on international lists.

Changes in China’s economic environment have notably affected the global ranking of its billionaires. Economic slowdowns and stock market instability have led to wealth declines for some entrepreneurs, such as Li Ka-shing, who suffered losses after real estate market adjustments. Although Chinese internet companies like ByteDance have risen rapidly, they still lag in international competition. The global status of Chinese billionaires depends on adjustments in China’s economic policies and improvements in the market environment. Their ability to occupy more significant positions on wealth lists in the future will rely on their judgment and response to global economic trends.

The global wealth map of Chinese billionaires is constantly adjusting with policy directions and market changes, resembling a prolonged game of strategy. In a complex economic and regulatory environment, wealth accumulation no longer relies solely on market opportunities but increasingly on strategic planning and long-term vision. Those entrepreneurs who can transcend immediate challenges and find balance in the flow of global resources and capital may be the ones who can maintain a competitive edge in the future. Given this shift in the landscape, how can one ensure that their wealth not only remains stable and preserved but also secures a place in the global capital restructuring?

Insights Behind the Rise and Fall

by Belle C 

How to Accurately 

Capture Opportunities & 

Trends?

With the slowdown of China's economic growth, consumers' habits have undergone significant changes. The decline in expected income growth and the uncertainty in the job market have made more and more consumers more rational in weighing prices against values. This phenomenon is known as "consumption downgrade", yet it doesn't mean simply opting for low-end consumption. Instead, it represents an increased demand for high-cost-effective goods and an optimization of the consumption pattern. For enterprises and investors, it implies a challenging yet potentially lucrative market opportunity.

Issue 2,  2024

China’s Era of Consumer Downgrading

  iLEAD HORIZON

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by Belle C 

Consumption downgrade doesn't mean that consumers only choose cheap goods but rather make a more cautious assessment of cost-effectiveness. For example, the success of Pinduoduo is a typical case of this trend. Through its innovative social e-commerce model, which combines group buying with social entertainment, it has attracted a large number of users who pursue high cost-effectiveness, providing a consumption experience that features both price advantages and interactivity.

The rapid rise of second-hand platforms like Xianyu reflects consumers' growing awareness of environmental protection and thrift. This is not only a cost-saving consumption choice but also a trend in the circular economy. The market scale of second-hand goods has expanded rapidly, indicating that for certain categories, consumers are more willing to accept sustainable and low-cost consumption patterns.

The green economy still enjoys strong policy support. The low-carbon transition promoted by the Chinese government has created vast development space for new energy enterprises. For instance, new energy companies like CATL, relying on battery technology and the layout of the electric vehicle industry chain, are playing an important role in the green economic transformation. Although in the short term, the sales volume of electric vehicles may be affected by consumption downgrade, the long-term policy support means that the demand in this area will not disappear.

The medical and health industry shows strong anti-cyclical ability due to its "rigid demand" characteristics. As the aging process accelerates, the demands for medical care and elderly care are constantly rising. In the digital health field, the online consultation business of Ping An Good Doctor, for example, developed rapidly during the pandemic, providing new growth points for investors. Meanwhile, elderly care nursing and telemedicine have also become investment focuses worthy of attention in the future.

Chinese consumers' demand for imported goods continues to grow. Platforms like Tmall Global and Global have provided convenience for overseas brands to enter the Chinese market. Overseas brands like Costco, which emphasize high quality and high cost-effectiveness, have attracted a large number of loyal users with their excellent services. However, cross-border e-commerce also faces challenges such as rising logistics costs, changes in tariff policies and uncertainties in Sino-US relations.

Trends are always changing dynamically. Enterprises that can find the right direction in the adjustment of the consumption structure will have the opportunity to embrace a new growth cycle. Investors should pay attention to those enterprises that possess the abilities of technological innovation, business model adjustment and a keen insight into the policy environment.

1、Focus on high-cost-effective consumption patterns and innovations in social e-commerce.

2、Continuously pay attention to the growth potential of the circular economy and the second-hand trading market.

3、Seize the policy dividends in the new energy and green economy tracks.

4、Grasp the opportunities brought by the anti-cyclical nature of the medical and health field and the aging trend.

5、Focus on enterprises with brand effects and supply chain advantages in cross-border e-commerce.

In an era full of challenges and opportunities, a rational and flexible investment strategy will be the key to investors' success.

Beijing's MajorMarketRescue Measures:

by Henry G 

Issue 2,  2024

Can They Achieve Sustainable

Rebounds?

  iLEAD HORIZON

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Amid multiple pressures faced by the Chinese economy, the government has launched a 2-trillion-yuan market rescue plan. The market has responded positively, with both the Hong Kong and A-share markets rising significantly. The Hang Seng Index once jumped by 511 points, driving up technology stocks such as Tencent and Alibaba. This market sentiment is quite similar to the quantitative easing (QE) policy after the 2008 subprime mortgage crisis. At that time, the Federal Reserve injected funds to stabilize the market, leading to an increase in asset prices and a boost in investor confidence. However, relying solely on short-term stimuli may cause the economy to fall into a state of "drug dependence".

Warnings from the Japanese 

Economy and Challenges for China

Japan's "Lost Three Decades" shows that even with massive fiscal stimuli and monetary easing policies, the economy still struggled to recover. This lesson indicates that short-term policies can only alleviate immediate difficulties but cannot solve deep-seated problems. The Chinese economy also faces challenges such as a debt crisis and weak consumption.

Many local governments have over-borrowed in pursuit of GDP growth, resulting in a debt crisis. In places like Liaoning and Guizhou, they were forced to "sell land to survive" due to debt problems. However, with the decline in land revenue, this model is becoming unsustainable. Moreover, although the household savings rate in China is high, the willingness to consume is low. The government has attempted to stimulate consumption through consumption vouchers and subsidies, but high housing prices and an inadequate social security system have limited the effectiveness. This situation is similar to the increase in household savings and the decrease in consumption in the United States after the 2008 subprime mortgage crisis.

Breaking Policy Dependence and 

Achieving Structural Transformation

To achieve a long-term rebound, it is clearly insufficient to rely solely on monetary and fiscal policies. China must promote the transformation and upgrading of industries and seek new growth drivers. Areas such as green energy, new energy vehicles, and high-end manufacturing are key directions worthy of focused development. The rise of BYD in the new energy vehicle market is a successful case combining policy support and market demand, providing a useful reference for other industries.

Meanwhile, China needs to improve the capital market system to enhance its attractiveness to foreign capital. In recent years, the tense Sino-US trade relations have led to capital outflows and pressure on the RMB exchange rate, indicating a lack of confidence in the Chinese economy in the market. During the process of market rescue, the wait-and-see attitude of foreign institutions reflects that the stability of the financial environment still needs to be improved. Only by building a stable market environment and having transparent policy expectations can long-term capital investment be attracted.

Professional Insights

What global investors care about is not only whether short-term policies can bring about a market rebound but also whether China can break through economic bottlenecks through structural reforms and achieve long-term value creation. In the context of capital globalization, investors are looking for a stable and sustainable investment environment rather than just temporary policy dividends. Only when the market shows clear directions for industrial transformation, transparent policy expectations, and an open capital environment will investors firmly allocate long-term funds. Otherwise, short-term stimuli can only attract speculative funds and exacerbate future uncertainties and volatility risks.

The Legal Battle in the U.S.-China Competition: 

How to Leverage U.S. Rule of Law to Defend Rights

The TikTok case underscores the deeper confrontation between China and the U.S. in the areas of technology and data privacy, a battle that extends beyond executive orders and permeates the legal systems of various countries. Given the complexity of the situation, Chinese companies can draw three core lessons from TikTok's legal experience:

The independence of the U.S. judiciary offers companies an opportunity to mount a legal defense, which requires firms to be well-prepared for compliance before entering the market. TikTok, for example, took early steps to localize data storage by using third-party companies to house U.S. user data, aiming to prevent potential legal conflicts. Chinese firms can look to this compliance model to bolster their ability to respond to legal risks.

01、Preemptively Establish Compliance and Defense Strategies:

paradise for the wealthy?

Will Singapore become 

by Steven Y 

Issue 1,  2024

  iLEAD HORIZON

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13 iLEAD HORIZON

Singapore, as a global wealth management center, has attracted a large influx of high-net-worth individuals and their assets. However, as wealth has accumulated rapidly, doubts about whether Singapore will become a "money laundering paradise" have gradually increased. For investors, Singapore's tax incentives and privacy protection are undoubtedly important advantages, but the issue of financial transparency has also become a key consideration. How Singapore strikes a balance between attracting capital and upholding the rule of law will directly affect investors' decisions.

Advantages and Risks in Wealth Management

Singapore, as a global wealth management center, has attracted a large influx of high-net-worth individuals and their assets. However, as wealth has accumulated rapidly, doubts about whether Singapore will become a "money laundering paradise" have gradually increased. For investors, Singapore's tax incentives and privacy protection are undoubtedly important advantages, but the issue of financial transparency has also become a key consideration. How Singapore strikes a balance between attracting capital and upholding the rule of law will directly affect investors' decisions.

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