Sean Wang

Practice Areas

Sean enjoys a prestigious reputation, specializing in tax compliance and dispute resolution, cross-border taxation, wealth and asset transfer, foreign currency control compliance, the creation of domestic and offshore family trusts, cross-border wealth management, the establishment of equity incentive trusts, the adjustment of offshore corporate structures and charitable planning (including charitable foundations and trusts).

Sean has organized numerous representative cases and provided comprehensive legal and tax services for Chinese and international private clients, the leaders of listed companies and ultra-high-net-worth individuals.

Sean was engaged by many top banks and financial institutions in China, including the Bank of China, Pudong Development Bank, CITIC Bank, and the Agricultural Bank of China. Sean has also been invited to provide legal services to institutions such as the Tsinghua Wudaokou Institute of Financial Research and HSBC Private Bank. His contributions include offering training in trust and tax practices, charitable planning, cross-border wealth planning, and customer salon services, which have been well received by these institutions.

Career

Dacheng Law Offices

Professional Memberships

Attorney at law in People’s Republic of China

TEP of the Society of Trust & Estate Practitioners (STEP), Chairman of North China committee

Publications

The first mandarin monograph (non-translated) regarding the legal practice of offshore trust: Offshore Trust Theory and Practice

Chambers & Partners High Net Worth Guide In-Depth Overviews: An Introduction to Private Wealth Disputes

Wealth Management: Law & Finance, which is Chinese Mode of Inheritance

STEP Journal: Cross-Border Wealth Management Tips for High-Net-Worth Individuals in China

National core academic journal Banker: Family Trust and Charitable Trust Business under the Opportunities and Challenges in the New Era

National core journal Financial View (Wealth): Common Mistakes in Testamentary Succession - Revise and Response

Exclusive interviewed with Southern Finance and Economics: Macao’s Trust Law in Review - Modern Financial Industry May Emerge after New Law’s Implementation - 21jingji.com

Personal

Sean Wang (TEP) currently serves as the chairman of the Global Wealth Security Legal Centre (GWSLC) at the Dacheng Banking & Finance Sector Group, leads the north region of the Society of Trust and Estate Practitioners in China (STEPCN) and as one of the directors of STEPCN, and is the legal and tax consultant for several bank and financial institution headquarters. Additionally, he is the chief expert consultant at Surest Academy and a member of many legislative amendment and policy project teams. Sean was awarded a full scholarship to study family trust and cross-border wealth management law and tax in the UK, where he earned a first-class Master of Laws degree with Distinction. He is qualified to practice in international trust and wealth management, holds senior membership in STEP, and is a licensed lawyer in PRC.

In addition to his professional endeavors, Sean serves as a tutor for master's students at the School of Law and the School of Economics and Management at the University of Science and Technology, Beijing, as well as a special lecturer for MBA cross-border law and tax courses. He is also an invited author for the national core journal "Financial Expo Fortune," and an expert commentator for popular media outlets like "Southern Finance" and "21st Century Business Herald." Notably, he published the first original mandarin book on offshore trusts in Chinese industry, titled Offshore Trust Theory and Practice.

Clients

Including but not limited to:

Bank of China Head Office

China CITIC Bank Head Office

HSBC Bank Head Office

China Pudong Development Bank

China Foreign Economic and Trade Trust Co., Ltd.

SDIC Taikang Trust Co., Ltd.

Minmetals International Trust Co., Ltd.

Dajia Life Insurance Co., Ltd.

High-net-worth individuals

Work Highlights

Sean Wang’s representative cases including but not limited to:

I. Tax:

VAT export tax rebate dispute resolution and tax optimization service for a C&S US high net worth client;

Legal consultant for M (a foreign individual) on personal income tax compliance;

Tax compliance and governance legal services for a media company (a foreign-invested enterprise);

Legal consultant for P Company on Corporate Income Tax (CIT) compliance and CIT refund;

Legal consultant for TP Company on Corporate Income Tax (CIT) compliance;

Legal consultant for YX Group on structure adjustment (tax compliance);

Special tax service for a large information technology company;

Defense for Mr. L on VAT crimes in mainland China;

Legal consultant for Mr. T (actual controller of a technology company) on corporate and personal tax compliance and tax risks prevention;

Legal consultant for M Company (a software company) on tax compliance.

II. Cross-border Asset Transfer and Wealth Management:

Legal consultant for personal assets remittance application on account of immigration for Mr. L (founder of an Internet company);

Legal consultant for M on cross-border wealth planning (assets remittance application on account of immigration, expatriation and offshore trust establishment);

Legal consultant for HN Group on corporate structure adjustment and cross-border wealth inheritance and protection;

Legal consultant for WH Group on corporate structure adjustment and equity design.

III. Family Trust：

(i) Offshore Trust:

Legal consultant for W’s (actual controller of an auto parts company) offshore trust;

Legal consultant for M’s (major shareholder of a listed company) offshore trust - structure design, documents review and modification;

Legal consultant for A’s (the actual controller of an overseas enterprise) offshore family trust demolition;

Legal consultant for H’s (a major shareholder of a tech company) Singapore family office and offshore trust establishment;

Legal consultant for Z’s (technology company) offshore trust regarding overseas M&A.

(ii) Domestic Trust:

Granny equity family trust counsel of Person D (actual controller of real estate company) with Canadian beneficiaries；

Establishment of FGT equity family trust of Person L with American beneficiaries;

Establishment of equity family trust of a large commercial company in Shanxi;

Establishment of domestic fund family trust of Person D (responsible person of a cigarette company);

Legal consultant for Z’s (actual controller of the automobile industry) domestic charitable & family trust construction.

IV. Charity Planning:

Domestic charity planning legal services of Person D (major shareholder of cigarette accessories company);

Establishment of domestic charity fund of JK Company (a large state-owned enterprise).

V. Wealth Management Comprehensive Legal and Tax Consultant for Financial Institutions:

Wealth Management Comprehensive Legal and Tax Consultant, Bank of China Head Office;

Wealth Management Comprehensive Legal and Tax Consultant, China CITIC Bank Head Office;

Wealth Management Comprehensive Legal and Tax Consultant, HSBC Bank Head Office;

Legal consultant of China Foreign Economic and Trade Trust Company Limited;

Legal consultant of SDIC Taikang Trust Co., Ltd.;

Legal consultant of Dajia Life Insurance Co., Ltd. CGI;

Enterprise Star Expert Consultant of China Pudong Development Bank;

Expert Consultant of Minmetals International Trust Co.,Ltd. Zhixiangjia platform.

Industry Sector Expertise

Including but not limited to:

Finance

Engineering

Technology

Real estate

Entertainment

Retail

Expert in these Jurisdictions

China and Hong Kong (China)

Singapore

USA

UN

Australia

Canada

Languages Spoken

Chinese, English

Education

Awards