CNBC(@CNBC):Wealthy Chinese rattled by Beijing’s widening hunt for overseas wealth are turning to a once-familiar refuge for their money: the U.S. Private bankers and lawyers who work with Chinese clients say inquiries about opening U.S. bank accounts have grown in the months after Beijing imposed retroactive taxes on offshore wealth in July, moving assets previously stored in Singapore or Hong Kong there to stay further away from Beijing’s reach:

2026.10.24 04:00

Wealthy Chinese rattled by Beijing’s widening hunt for overseas wealth are turning to a once-familiar refuge for their money: the U.S. Private bankers and lawyers who work with Chinese clients say inquiries about opening U.S. bank accounts have grown in the months after Beijing imposed retroactive taxes on offshore wealth in July, moving assets previously stored in Singapore or Hong Kong there to stay further away from Beijing’s reach: