Empowering Innovation – Dacheng Lawyers Provide Full Process Legal Services for the First Offshore Trust Establishment of Shanghai Trust International

Recently, Shanghai Trust International Co., Ltd. (“Shanghai Trust International”), the overseas wholly‑owned subsidiary of Shanghai International Trust Co., Ltd. (“Shanghai Trust”), successfully launched its first offshore trust transaction, marking a milestone breakthrough for domestic trust companies in cross‑border wealth management.

 

The launch of Shanghai Trust International’s first offshore trust provides a replicable model for the trust industry to explore new cross‑border service models.

 

In this landmark cross‑border trust project, the legal team led by Wang Xu at Dacheng Law Offices acted as full‑process legal counsel. Drawing on profound expertise in offshore family trusts, cross‑border tax planning and wealth management, the team provided end‑to‑end high‑quality legal services including project feasibility assessment, structure design, legal document drafting and standard document framework development.

 

The Wang Xu team at Dacheng comprises senior lawyers, tax advisors and cross‑border specialists from mainland China and overseas. The team focuses on domestic and offshore family trusts (including equity trusts), cross‑border wealth management and tax compliance. Team lead Wang Xu was awarded a full national scholarship to study international law (trust law) in the UK, graduating with first‑class honors. He holds the TEP (Trust & Estate Practitioner) qualification from the Society of Trust and Estate Practitioners (STEP) and serves as a director of STEP China.

 

Mr. Wang has profound theoretical and practical expertise in offshore trusts. He is the author of Theory and Practice of Offshore Trusts, the first original (non‑translated) practical book on offshore trust law in China. The team led by Wang Xu not only advised on the Shanghai Trust International offshore trust project but also serves long‑term as guest lecturers and legal & tax advisors to headquarters of major financial institutions. It provides integrated one‑stop legal and tax services to controlling shareholders of listed companies and ultra‑high‑net‑worth clients, earning wide industry recognition.

 

Going forward, the team will uphold the service philosophy of professionalism, prudence and innovation. It will continue to focus on the evolving trends of the trust industry and diverse client needs, deepening its practice in offshore trusts, equity trusts, cross‑border wealth planning, tax compliance and charitable trusts. It will deliver comprehensive, high‑quality legal services to more financial institutions and ultra‑high‑net‑worth clients, supporting the innovative development of China’s trust industry.