China's offshore trust tax crackdown could impact single stocks, BofA says — Live Feedhttps://www.live-feeds.com/feed/china-s-offshore-trust-tax-crackdown-could-impact-single-stocks-bofa-saysContinuously updated, source-cited coverage. China targets offshore trusts in tax clampdownhttps://www.live-feeds.com/feed/china-s-offshore-trust-tax-crackdown-could-impact-single-stocks-bofa-sayshttps://www.live-feeds.com/feed/china-s-offshore-trust-tax-crackdown-could-impact-single-stocks-bofa-says#u81956Wed, 23 Sep 2026 23:36:26 +0000China is conducting a sweeping tax crackdown on offshore trusts to close loopholes. Bank of America warns this move creates short-term risks for specific stocks listed in the U.S. and Hong Kong. The initiative has already prompted action from industry leaders, including one Chinese app founder who sold $110 million in shares to settle tax obligations. Analysts suggest the crackdown targets wealth held in overseas structures to ensure tax compliance among high-net-worth individuals and corporate executives.Why it mattersOffshore trusts have historically allowed wealthy individuals to shield ass