20/10/2026
China’s increased scrutiny of offshore wealth taxation is attracting global attention from high-net-worth individuals, family offices, and advisors. Bloomberg reports that up to US$140 billion in offshore assets tied to China’s wealthiest billionaires may be subject to broader taxation, highlighting both the scale of the issue and the global shift toward greater tax transparency and information exchange.
Ms Kylie Luo, Head of Asset and Wealth Management Practice at BDO Singapore, was quoted in Bloomberg, offering insights on the changing cross-border tax landscape and its impact on wealth structuring and compliance.
Read the article to learn more about the implications for wealth structuring and compliance:
https://www.bloomberg.com/news/articles/2026-10-19/china-s-richest-billionaires-could-see-140-billion-exposed-to-wider-tax-net?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTc5MjQ1OTE2NSwiZXhwIjoxNzkzMDYzOTY1LCJhcnRpY2xlSWQiOiJUTjZENFdLSUpIOEgwMCIsImJjb25uZWN0SWQiOiIwOURDNEMzODYzOUI0MTQ1ODFFODc0MzkyOTA1MzQ4RCJ9.yVm6bXNNwcgeXZ40dYI_tbUbeN4uIqVHTquaFh3fk0o
Eight of the nation’s richest tycoons could see their offshore wealth exposed as officials begin enforcing tax policies.