Chapter 348: An Olive Branch for the Rich
Its secrecy system is world-famous, and huge assets from all over the world have flowed to Switzerland. The secrecy system www.biquge.info Swiss banks has also opened the door to money laundering and the establishment of black accounts by terrorists, and many people have taken advantage of the law to evade taxes and even transfer and hide illegal assets.
Everyone wants to do business in Asia, said Andreas Brun, an analyst at Zuercher Kantonalbank (ZKB) in Switzerland. It didn't come out of nowhere, but suddenly everyone was talking about this as the main strategy.
The attractiveness of Asia is clear, and despite the recent slowdown in growth, it is still much higher than in the West.
The Boston Consulting Group (BCG) predicts that private wealth in the Asia-Pacific region, excluding Japan, will grow by an average of 9.7% per year by 2019, more than twice as much as in Western Europe.
Asia's growing ranks of self-made millionaires and billionaires are more aggressive in managing their wealth than Europeans who have become wealthy through inheritance, always comparing multiple banks before choosing the deals that are most beneficial to them.
Asia's super-rich also tend to spread their money across six or so banks.
"Asia is a market with a lot of banks," said Claude Haberer, head of wealth management in Asia at Swiss bank Pictet. ”
How to deposit money in a Swiss bank
Swiss bank account opening objects, required documents and deposit requirements are as follows:
1. Original certificate, original statutory documents (passports must be used for directors' certificates, mainland ID cards are not accepted), articles of association, seals, INCUMBENCY, CERTIFIED, original directors' passports, address certificates, English resume forms, business certificates, (Note: more than one year, GOOD STANDING is required)
2. Zero deposit, monthly fee of about 25 euros; (In this case, the passport of a Chinese mainland director needs to be endorsed by the Chinese Ministry of Foreign Affairs and the Swiss Consulate; Or there is a Swiss local as a nominee director, and the local director will withdraw after the account is closed)
3. Maintain an average of 1 million euros per day, and the bank will approve the corresponding rate of return according to the operation of the account after the account is down. In this case, the director's passbook or recent bank statement must be provided.
However, with the intensification of global tax audits in the United States, especially Switzerland's agreement to sign the new "Global Automatic Exchange of Information Standards", its bank secrecy system has begun to come to an end, which means that more than $2 trillion in private accounts of Swiss banks will be exposed one after another, and these assets will be directly exposed to tax audits and audits.
Relevant reports say that corrupt officials in Chinese mainland are one of the customer groups of Swiss banks, and now Switzerland is willing to cooperate with the Chinese government, deposit accounts are no longer confidential, and corrupt officials in Chinese mainland will show their true faces at any time.
UBS's China business started among European investment banks.
Back in 1965, UBS opened an office in Hong Kong, becoming the first Swiss bank to open a branch in the Asia-Pacific region.
In 1985, the company began to carry out corporate finance business in the mainland, such as in 1987, UBS Huabao acted as a global broker to issue the first Eurodollar bond for Bank of China, UBS Huabao Corporate Finance led China's first B-share issuance (electric vacuum), the first and second Chinese overseas convertible bond issuance (China Textile Machinery and CSG) and the first global secondary placement of H-shares (Yizheng Chemical Fiber), and UBS Huabao Project Finance also acted as China's first BOT project. The Chinese financial adviser to Guangxi Laibin for the transaction won the Best Project Finance Award 1996 by FinanceAsia.
UBS has a clear advantage in QFII and Chinese securities research: in May 2003, UBS became the first overseas investment institution in China to obtain QFII qualification. Among the nearly 30 QFIIs (totaling US$4 billion) that have been approved, UBS tops the list with an investment quota of US$800 million.
In February 2004, UBS promoted Hong Shujian, Head of Investment Strategy, to Chairman of Global Asset Management China, demonstrating "the Group's determination to take China as the core market for all its businesses". Jin Jixiang, head of UBS bond and interest rate derivatives in China, pointed out that from a global perspective, the company's largest customer base is insurance companies.
With the rapid growth of China's insurance market, UBS will provide a full range of international investment and financing services. In addition, UBS's first branch in mainland China, the Beijing branch, opened in August of the same year. In February 2005, UBS Beijing Branch was approved to operate derivatives trading business.
The bank's Guangzhou office was also officially opened in June to serve as UBS's business liaison headquarters in South China.
In April 2005, the China Securities Regulatory Commission (CSRC) approved UBS Group to purchase 49% of the shares of Shenzhen Zhongrong Fund Management Co., Ltd. to form a joint venture fund management company with SDIC Hongtai Trust and Investment Co., Ltd., which is controlled by the State Development and Investment Corporation, with a registered capital of RMB 100 million.
This is also the first fund company in the mainland fund market to hold 49% of the shares held by foreign investors after the policy relaxation. With the further opening up of the Chinese market, UBS SDIC will carry out more investment management business, including pension management, to the extent permitted by regulations. Qualified Foreign Institutional Investors (QFIIs) and Qualified Domestic Institutional Investors (QDIIs) will bring more opportunities for new companies to expand their business.
In September 2005, UBS's plan to restructure Beijing Securities was approved by the State Council, and it planned to invest 1.7 billion yuan to acquire 300 million shares of Beijing Securities, and UBS will hold 20% of the shares in the new company after the reorganization, which makes the company the largest shareholder of Beijing Securities. As a result, UBS became the first foreign company to obtain a comprehensive securities business license in the Mainland through a direct acquisition.
John Fraser, chairman and CEO of UBS Global Asset Management, expects China to be the company's most important market and source of revenue over the next 20 years.
For cracking down on corrupt officials, Ye Chao raised his hands in favor, even if it was a demonic Ye Chao. Corrupt officials do not get anything for nothing, they violate the laws of nature, and they are moths and vampires of all countries.
History has proven countless times that when corruption is rampant and people are struggling to make a living, it must be the beginning of turmoil. Turmoil, the real Ye Chao doesn't like it, but the demonic Ye Chao likes it, but for Ye Chao, once a country is in chaos, it is not easy to find food and beauties.
Therefore, the demonic Ye Chao doesn't like to be too chaotic, fighting every day, how can he be in the mood to engage in food, and besides, do beauties dare to go out shopping?
Don't dare to come out, is Ye Chao going to arrest people?
So......
Ye Chao also had an account in Swiss Bank for a long time, and said that the checks given by the German rich were easy to transfer.
That rich man is also to have a good relationship with Ye Chao, the mysterious "miracle doctor". After all, no matter how much money there is, it is useless if there is no life to spend, and besides, he also wants to make a little good fate for his descendants here in Ye Chao.
Therefore, he asked the private captain on the cruise ship to convey his sincerity to Ye Chao, this cruise ship, Ye Chao can use it whenever he wants.