Why Chinese billionaires with assets in Hong Kong and Singapore face an unprecedented liquidity trap
- Posted on August 10, 2026
- By Financial Express
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- 1 min read
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Why Chinese billionaires with assets in Hong Kong and Singapore face an unprecedented liquidity trap
China's wealthiest families face new tax rules requiring declaration and payment on offshore trusts by October 22, with a 20% tax on gains and income, challenging complex wealth structures and residency assumptions.
