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China's offshore trust tax crackdown could impact single stocks, BofA says

Source: reuters.com

Tax & TariffsRegulation & LegislationMarket Technicals & Flows

BofA Securities warned that China’s new rule pursuing income tax on offshore trusts could create short-term pressure on shares of certain Hong Kong- and U.S.-listed Chinese companies as the payment deadline approaches. The measure targets a widely used ownership structure among major shareholders, raising potential liquidity and selling-risk concerns.

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