Hong Kong

China’s Wealthy Rush to Unwind Offshore Trusts as Tax Scrutiny Intensifies

China’s super-rich are accelerating efforts to dismantle offshore trusts, repatriate assets and raise cash as authorities intensify scrutiny of overseas holdings and tax compliance, according to people familiar with the matter. The shift marks a notable change in behaviour among high-net-worth families who once relied on offshore structures to preserve wealth, manage succession and reduce exposure to domestic policy risk.