In a forward-thinking initiative, the Reserve Bank of India is simplifying wealth management for business families. By allowing the transfer of ownership of investment companies to private family trusts, they're paving the way for smoother succession planning and minimizing potential disputes. The focus remains on designating family members as trustees, which strengthens familial control over assets.
The cause of the blaze in the northern Tai Po district was not immediately known, but it was fanned by green construction mesh and bamboo scaffolding - a mainstay of traditional Chinese architecture but subject to a phase-out in Hong Kong since March for safety reasons.
