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China's super-rich 'in shock' and hunting for cash as Beijing issues surprise tax on offshore trusts

Beijing's move to tax offshore trusts, long used by China's ultra-rich to hold money, has set off a rush to lawyers and a scramble for cash.

China's super-rich 'in shock' and hunting for cash as Beijing issues surprise tax on offshore trusts

Published August 5, 2026 · Category: Finance

Overview

Beijing's move to tax offshore trusts, long used by China's ultra-rich to hold money, has set off a rush to lawyers and a scramble for cash.

Source

Originally published at www.cnbc.com.

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