China tax crackdown forces wealthy investors to assess their offshore trusts

Beijing has introduced 20% taxes on offshore trusts and offshore insurance income — a move that could touch as much as $1.2 trillion of mainland ultra‑rich assets.
Wealthy Chinese are scrambling: some are unwinding trusts, selling holdings or borrowing to pay tax bills, while others shift to smaller offshore managers.
The campaign signals a broader crackdown and tighter capital‑flow scrutiny, which could cool southbound money into Hong Kong and Singapore.