China's super-rich 'in shock' and hunting for cash as Beijing issues surprise tax on offshore trusts

Beijing's move to tax offshore trusts, long used by China's ultra-rich to hold money, has set off a rush to lawyers and a scramble for cash.

Source: [CNBC](https://www.cnbc.com/2026/08/05/wealthy-chinese-race-for-tax-advice-as-beijing-targets-offshore-trusts.html)