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China tightens rules on offshore assets and trusts

Original: China has begun to clamp down on assets being moved overseas and overhauled its tax rules on offshore trusts. The new re

China has begun clamping down on assets being moved overseas and has overhauled its tax rules covering offshore trusts. The new regulations are also being felt in Singapore, a common destination for Chinese wealth. The story, reported by Nikkei Asia, is among its most read, drawing attention from investors and wealthy individuals watching cross-border capital rules.

Why now: New Chinese regulations on offshore wealth and trusts affect investors and financial hubs like Singapore, making it a hot topic.

ChinaSingaporeNikkei Asia

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Evidence

• China has begun to clamp down on assets being moved overseas and overhauled its tax rules on offshore trusts. The new regulations are also affecting Singapore. Find out why in one of our most read stories today. · NikkeiAsia · 3

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