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.
Combined views
131.4K
3 Sources, first seen ago