EXCERPT:
Attorney Zhu Min has long specialized in cross‑border inheritance and asset transfer. She has assisted numerous clients from the United States, Canada, Australia, Germany, the United Kingdom, Singapore, as well as clients from China’s Hong Kong, Macao and Taiwan regions with asset transfers covering real estate, bank deposits, equity, wealth‑management funds, trusts and other asset categories. Thanks to professional legal support, thorough document collation and efficient coordination with approval authorities, she has earned high recognition and positive feedback from clients.
Mr. Li moved to the United States with his mother at an early age. After graduating from university in the US, he obtained US citizenship.
His father, Mr. Li, resided in Shanghai. He had been investing in stocks, bonds and other capital‑market products since the 1990s. He passed away due to sudden illness in 2025, with Mr. Li as his sole heir.
In addition to real‑estate property in Shanghai, Mr. Li held capital‑market assets with unknown exact value. Working for a leading US internet company, Mr. Li could not stay in China long‑term to investigate, dispose and transfer inherited assets. He therefore entrusted all matters to Attorney Zhu Min, Director of Shanghai Shenyihe Law Firm.
Attorney Zhu Min retrieved Mr. Li’s Shanghai‑A and Shenzhen‑A stock trading accounts, obtaining all stock, fund trading and dividend records dating back to his account opening in 1997. Based on bank transaction records, her team retrieved wealth‑management accounts from various securities firms. After sorting out the records, the total value of securities assets reached RMB 9,395,407.43. Together with proceeds from the sale of real‑estate property, the total inheritance amounted to nearly RMB 20 million.
Given the large amount of assets to be remitted overseas, the foreign‑exchange regulatory authority required proof of the legal source of the property. Attorney Zhu Min’s team compiled and calculated nearly 6,000 transaction records of A‑shares, B‑shares, Hong Kong Stock Connect products and funds, tabulating gains and losses for each stock and each investment transaction. A report detailing the origin of all assets was submitted to the foreign‑exchange administration bureau. After review and verification, the bureau issued an official approval document.
Upon obtaining the approval, pursuant to Mr. Li’s power of attorney, Attorney Zhu Min exchanged all inherited assets into US dollars at the bank and remitted the funds to the designated overseas account.
Attorney Zhu Min has long specialized in cross‑border inheritance and asset transfer. She has assisted numerous clients from the United States, Canada, Australia, Germany, the United Kingdom, Singapore, as well as clients from China’s Hong Kong, Macao and Taiwan regions with asset transfers covering real estate, bank deposits, equity, wealth‑management funds, trusts and other asset categories. Thanks to professional legal support, thorough document collation and efficient coordination with approval authorities, she has earned high recognition and positive feedback from clients.
Important Notes for Parties with Similar Demands
- Authenticity and Completeness of Documents: All submitted documents must be genuine and valid. Copies shall be marked “Consistent with the Original” and signed or sealed to avoid approval rejection caused by false or missing documents.
- Translation and Authentication Requirements: Overseas documents shall be translated by formal translation institutions, and authentication procedures shall comply with relevant Chinese laws; otherwise such documents will not be accepted.
- Tax Compliance: Clarify tax payment standards and procedures and obtain tax‑bureau certificates to prevent delays in asset transfer due to tax‑related issues.
- Selection of Authorized Representatives: Retain law‑firms experienced in cross‑border inheritance and asset transfer to avoid procedural errors caused by insufficient professional competence of agents.
- Time Planning: The whole asset‑transfer procedure generally takes 3‑6 months, subject to asset types, amount and document preparation. Advance time planning is recommended; hasty progress is discouraged.
|Catogary：Chinese law
