China's super-rich scramble to exit offshore trusts, raise cash as taxman knocks

China's super-rich scramble to exit offshore trusts, raise cash as taxman knocks — Live Feedhttps://www.live-feeds.com/feed/china-s-super-rich-scramble-to-exit-offshore-trusts-raise-cash-as-taxman-knocksContinuously updated, source-cited coverage. Chinese Wealthy Exit Offshore Trusts Before October 22 Tax Deadlinehttps://www.live-feeds.com/feed/china-s-super-rich-scramble-to-exit-offshore-trusts-raise-cash-as-taxman-knockshttps://www.live-feeds.com/feed/china-s-super-rich-scramble-to-exit-offshore-trusts-raise-cash-as-taxman-knocks#u138881Tue, 20 Oct 2026 06:56:47 +0000China's super-rich are liquidating overseas assets, selling shares, and changing nationalities to avoid tax liabilities. This rush follows a mandate requiring the declaration of income booked overseas by an October 22 deadline. Wealth advisers and lawyers report that tycoons are winding down offshore trusts to raise cash as the government increases scrutiny of capital outflows. The crackdown coincides with broader fiscal strains and persistent weakness in domestic demand within the world's second-largest economy.Why it mattersIncreased rule enforcement on offshore wealth is part of a