The Monetary Authority of Singapore is investigating the local family office DW Capital Holdings related to the 'Princeling Group'

【The Monetary Authority of Singapore is investigating the local family office DW Capital Holdings related to the 'Princeling Group'】According to Lianhe Zaobao, the Monetary Authority of Singapore has initiated an investigation into the local family office DW Capital Holdings associated with the 'Princeling Group'. It is reported that this institution was founded by 'Princeling Group' leader Chen Zhi in 2018, with an asset management scale exceeding 60 million Singapore dollars and claims to meet the conditions of the Monetary Authority of Singapore's 13X plan, thus enjoying tax exemptions. Data shows that the number of single family offices granted tax incentives by the Monetary Authority of Singapore increased from 1,400 at the end of 2023 to more than 2,000 by the end of 2024, representing a growth rate of 42.9%.