China's super-rich 'in shock' and hunting for cash as Beijing issues surprise tax on offshore trusts
- Posted on August 5, 2026
- By CNBC
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- 1 min read
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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.
