Shanghai, China
Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more



2024 / 2025 Summits in Hong Kong & Singapore
Institutional Investor Summit / Roundtable - March / Oct / Nov
Investment / Alternatives Summit - March / Oct / Nov
Investment Day - March / July / Sept / Oct / Nov
Private Wealth Summit - April / Oct / Nov
Family Office Summit - April / Oct / Nov
View Events | Register


This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $30 billion.










Cyberspace Administration of China Shuts Down 373 Internet Accounts for False Information Which Directly Affected Stock Market Prices Including Profiting from the Trades

21st July 2023 | Hong Kong 

The Cyberspace Administration of China has shutdown 373 internet accounts for spreading false information which directly affected stock market prices including profiting from the trades.  China social media platform Weibo released a statement of social media influencers account suspensions for reasons including posting “content of China economic policy and stocks.”  In mid-July 2023, China authorities had also issued concerns of banks using live-streaming platforms to sell financial product promoting low interest rate loan or interest rate waiver, with banks using live-streaming includes China CITIC Bank, Bank of Ningbo, Ant Group MYbank & Tencent WeBank.  The notice was issued by China regulator on 4th July 2023.  In 2021, China top internet celebrity Huang Wei, popularly known as Viya, has been fined $210 million for tax evasion by China Zhejiang Provincial Tax Service.  Between 2019 to 2020, Huang Wei had filed her livestream sales commission instead as revenue from business partnership, concealed and failed to report income from other businesses.  In total, Huang Wei had avoided paying $100 million of tax and underpaid $9.4 million of tax.  In China, the penalty rate for tax evasion is 60% to 400% of the tax amount.  Huang Wei social media accounts with over 110 million followers had also been shut down.   More info below. 

” Cyberspace Administration of China Shuts Down 373 Internet Accounts for False Information Which Directly Affected Stock Market Prices Including Profiting from the Trades “

 



- Article continues below -



Sign Up
Basic Member: $5 Monthly | $60 Yearly
Newsletter Daily 2 pm (Promo): $20 Monthly | $180 Yearly (FP: $680)


The 2024 Investment Day
17th Oct Hong Kong | 7th Nov Singapore
Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Join 20+ CIOs & Senior investment team, with > 60% single family offices with $300 million AUM. Taking place on 17th Oct 2024 in Hong Kong, 7th Nov 2024 in Singapore. Every March, July, Sept, Oct & Nov.
Visit | Register here


The 2024 Family Office Summit
17th Oct Hong Kong St Regis | 7th Nov Singapore Amara Sanctuary Resort
Join 80 single family offices & family office professionals in Hong Kong & Singapore
Links: 2024 Family Office Summit | Register here


2024/2025 Institutional Investor Summit / Roundtable
March / Oct / Nov in Hong Kong & Singapore
Join CEOs, CIOs, Senior investment team from Sovereign Wealth Funds, Pension Funds, Endowments, Foundations & Charities in Hong Kong, Singapore & Asia-Pacific at the 2024 Institutional Investor Summit / Roundtable.   Join as delegate, speaker, presenter, partner & sponsor.
Visit | Register here


2024/2025 Investment / Alternatives Summit
March / Oct / Nov in Hong Kong & Singapore
Join leading asset managers, hedge funds, boutique funds, private equity, venture capital & real estate firms in Hong Kong, Singapore & Asia-Pacific at the Investment / Alternatives Summit. Join as delegate, speaker, presenter, partner & sponsor.
Visit | Register here


2024/2025 Private Wealth Summit
April / Oct / Nov in Hong Kong & Singapore
Join CEOs, CIOs, Head of Private Banking, Head of Family Offices & Product Heads at The Private Wealth Summit.  Join as delegate, speaker, presenter, partner & sponsor.
Visit | Register here





 

China Authorities Issued Concerns of Banks Using Live-Streaming Platforms to Sell Financial Products Offering Low-Interest Rate Loan or Interest Rate Waiver, Banks Doing Live-Streaming Includes China CITIC Bank, Bank of Ningbo, Ant Group MYbank & Tencent WeBank 

Huang Wei Viya

14th July 2023 – China authorities had issued concerns of banks using live-streaming platforms to sell financial product promoting low interest rate loan or interest rate waiver, with banks using live-streaming includes China CITIC Bank, Bank of Ningbo, Ant Group MYbank & Tencent WeBank.  The notice was issued by China regulator on 4th July 2023.  In 2021, China top internet celebrity Huang Wei, popularly known as Viya, has been fined $210 million for tax evasion by China Zhejiang Provincial Tax Service.  Between 2019 to 2020, Huang Wei had filed her livestream sales commission instead as revenue from business partnership, concealed and failed to report income from other businesses.  In total, Huang Wei had avoided paying $100 million of tax and underpaid $9.4 million of tax.  In China, the penalty rate for tax evasion is 60% to 400% of the tax amount.  Huang Wei social media accounts with over 110 million followers had also been shut down.

 

 

China Top Internet Celebrity Huang Wei Fined $210 Million for Tax Evasion

24th December 2021 – China top internet celebrity Huang Wei, popularly known as Viya, has been fined $210 million for tax evasion by China Zhejiang Provincial Tax Service.  Between 2019 to 2020, Huang Wei had filed her livestream sales commission instead as revenue from business partnership, concealed and failed to report income from other businesses.  In total, Huang Wei had avoided paying $100 million of tax and underpaid $9.4 million of tax.  In China, the penalty rate for tax evasion is 60% to 400% of the tax amount.  Huang Wei social media accounts with over 110 million followers had also been shut down. Huang Wei (Viya) was one of China’s top internet celebrity and also known as the “Queen of Livestreaming”, do livestreams on Taobao Live to sell various products.  In 2021, she sold over $1.3 billion of inventory on Singles’ Day on the 11th of November 2021.

 

 

Huang Wei – $1.3 Billion of Sales in a Day

Huang Wei Viya

Huang Wei (Viya) is one of China’s top internet celebrity and also known as the “Queen of Livestreaming”, do livestreams on Taobao Live to sell various products.  In 2021, she sold over $1.3 billion of inventory on Singles’ Day on the 11th of November 2021.  




Managing $20 million to $3 billion. Investing $3 million to $300 million.
For Investment Managers, Hedge Funds, Boutique Funds, Private Equity, Venture Capital, Professional Investors, Family Offices, Private Bankers & Advisors, sign up today. Subscribe to Caproasia and receive the latest news, data, insights & reports, events & programs daily at 2 pm.

Join Events & Find Services
Join Investments, Private Wealth, Family Office events in Hong Kong, Singapore, Asia-wide. Find hard-to-find $3 million to $300 million financial & investment services at The Financial Centre | TFC. Find financial, investment, private wealth, family office, real estate, luxury investments, citizenship, law firms & more.  List hard-to-find financial & private wealth services.

Have a product launch? Promote a product or service? List your service at The Financial Centre | TFC. Join interviews & editorial and be featured on Caproasia.com or join Investments, Private Wealth, Family Office events. Contact us at [email protected] or [email protected]

Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?



Quick Links


2021 Data Release
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
2020 Top 10 Largest Multi-Family Offices
2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM


For Investors | Professionals | Executives
Latest data, reports, insights, news, events & programs
Everyday at 2 pm
Direct to your inbox
Save 2 to 8 hours per week. Organised for success

Register Below

For CEOs, Heads, Senior Management, Market Heads, Desk Heads, Financial Professionals, Investment Managers, Asset Managers, Fund Managers, Hedge Funds, Boutique Funds, Analysts, Advisors, Wealth Managers, Private Bankers, Family Offices, Investment Bankers, Private Equity, Institutional Investors, Professional Investors

Get Ahead in 60 Seconds. Join 10,000 +
Save 2 to 8 hours weekly. Organised for Success.

Sign Up / Register


    Investment ProfessionalAdvisorProfessional InvestorFinancial ProfessionalManagementOthers


    $20 million to $100 million AUM$100 million to $300 million AUM$300 million to $1 billion AUM$1 billion to $10 billion AUM$10 billion to $100 billion AUMMore than $100 billion AUM


    Mailing List / Free TrialMonthly SubscriptionYearly SubscriptionMembershipEvents


    2024 Investment Day Hong Kong 17th Oct2024 Investment Day Singapore 7th Nov2024 Family Office Summit Hong Kong 17th Oct2024 Family Office Summit Singapore 7th Nov2025 Events












    Web links may be disabled on mobile for security.
    Please click on desktop.









    Caproasia Users

    • Manage $20 million to $3 billion of assets
    • Invest $3 million to $300 million
    • Advise institutions, billionaires, UHNWs & HNWs

    Caproasia Platforms | 11,000 Investors & Advisors

    Monthly Roundtable & Networking

    Family Office Programs

    The 2024 Investment Day

    • March 2024 - Hong Kong
    • March 2024 - Singapore
    • July 2024 - Hong Kong
    • July 2024 - Singapore
    • Sept 2024 - Hong Kong
    • Sept 2024 - Singapore
    • Oct 2024 - Hong Kong
    • Nov 2024 - Singapore
    • Visit: The Investment Day | Register: Click here

    Caproasia Summits

    Contact Us

    For Enquiries, Membership
    [email protected], [email protected]

    For Listing, Subscription
    [email protected], [email protected]

    For Press Release, send to:
    [email protected]

    For Events & Webinars
    [email protected]

    For Media Kit, Advertising, Sponsorships, Partnerships
    [email protected]

    For Research, Data, Surveys, Reports
    [email protected]

    For General Enquiries
    [email protected]




    Caproasia | Driving the future of Asia
    a financial information technology co.
    since 2014



    RELATED ARTICLESMORE FROM AUTHOR