APFOSA
Think Tank

APFOSA Think Tank

Focused on the key policy, tax and compliance issues of the Asia-Pacific family office industry — delivered as structured, retrievable research.

TRUST

Trust regulation studies (major jurisdictions)

Comparative legal research covering Mainland China, Hong Kong, China, Taiwan, China, Singapore, Japan, Korea, BVI, Cayman, Jersey, Guernsey and other major trust jurisdictions.

Trust structureOffshore trustTrust formationTrustee
TAX

Estate, gift and related tax studies

Mapping of estate tax, gift tax, income tax and capital gains tax regimes directly relevant to cross-border wealth transmission, alongside structural optimisation insights.

Estate taxGift taxCross-border taxTransmission structure
ESG

Philanthropy & ESG policy studies

Tax incentive regimes for charitable donations, charitable trusts and family foundations across jurisdictions, plus ESG policy and disclosure guidance for the Asia-Pacific region.

Charitable trustESGFamily foundationImpact investing
CRS

CRS Hub

Structured analysis of the Common Reporting Standard as implemented across Asia-Pacific jurisdictions — reporting requirements and structural impact for family offices.

CRSAutomatic exchangeTax residencyDue diligence
FATCA

FATCA Hub

Impact analysis of the U.S. Foreign Account Tax Compliance Act on Asia-Pacific family offices, with compliance strategies and implementation pathways.

FATCAU.S. taxCompliance reportingWithholding tax
Research Library

Research Publications

Institutional-grade research prepared to academic standards and made available to members; selected titles are open to the public.

06
Reports published
04
Fields covered
06
Open access
2026.10
Last updated
  • APFOSA-RR-2026-05
    2026.10
    184 pp. · 6.7 MB
    Industry Insight

    Family Office Business Models and Operating Cases in China (2026 Edition)

    The Association's flagship annual study — 184 pages, some 125,000 Chinese characters. Maps the family office business-model landscape from demand and definition, compares Mainland China and Hong Kong standards and tax regimes dimension by dimension, and dissects the survival path and talent standards of Chinese-style family offices through real operating cases.

    Open access
    Download PDF
  • APFOSA-RR-2026-04
    2026.07
    41 pp. · 1.8 MB
    Inheritance Tax

    PRC Circular 21 on Offshore Trust Taxation: A Deep-Dive Comparison with Major Jurisdictions

    Issued in July 2026, Circular 21 brings offshore trusts fully into the PRC individual income tax net for the first time. This report interprets its scope and filing requirements, benchmarks them against trust tax regimes in the United States, Singapore, the United Kingdom, Australia, Japan and Hong Kong, China, and proposes a compliance framework.

    Open access
    Download PDF
  • APFOSA-RR-2026-03
    2026.03
    24 pp. · 810 KB
    Market Outlook

    The 2026 US Credit Crisis: Analysis and Response Strategies

    Traces the stress to the lagged effects of ultra-loose monetary policy and prolonged high rates, centred on commercial real estate and private credit. Assigns scenario probabilities, assesses the quadruple risks to USD assets and sets out response plans prioritising liquidity.

    Open access
    Download PDF
  • APFOSA-RR-2026-02
    2026.01
    24 pp. · 2.7 MB
    Market Outlook

    Asia Pacific Asset Allocation Strategy Reference 2026

    Examines Asia Pacific growth prospects through three lenses — the macro economy, currencies and rates, and consumption trends — and proposes allocation strategies, instrument selection and risk guidance for family capital and institutional investors.

    Open access
    Download PDF
  • APFOSA-RR-2026-01
    2026.01
    19 pp. · 4.6 MB
    Industry Insight

    Hong Kong Family Office Policy Advantages: An In-Depth Analysis

    Interprets the core requirements and tax exemptions of Hong Kong's FIHV regime and benchmarks the city against Singapore, as a reference for principals considering establishing a family office in Hong Kong.

    Open access
    Download PDF
  • APFOSA-RR-2025-01
    2025.12
    21 pp. · 5.6 MB
    CRS

    Hong Kong Crypto-Asset Reporting Framework and the Revised CRS: Key Points

    Explains the Crypto-Asset Reporting Framework (CARF) and the amended Common Reporting Standard (CRS), comparing their scope, implementation timelines and penalty regimes — compliance guidance for families and institutions holding crypto assets in Hong Kong.

    Open access
    Download PDF

Access & usage

Reports are provided for reference only and do not constitute legal, tax or investment advice.

  • Titles marked open access can be downloaded immediately as PDF.
  • Members-only titles are available from the secretariat upon quoting a membership number.
  • Please cite the source as: Asia Pacific Family Office Standards Association (APFOSA).

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