Potential stock risks from China's offshore trust tax crackdown
Reuters describes offshore trusts as a popular structure among shareholders of Chinese companies listed in Hong Kong and the U.S.—and a target of China's new income-tax rule.
TLDR
Reuters reports that BofA Securities saw potential short-term risks to certain shares from China's new rule pursuing income tax on offshore trusts as a payment deadline approached. Reuters describes the trusts as a popular structure among shareholders of Chinese companies listed in Hong Kong and the U.S.
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