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Friday, October 23, 2026Updated 07:24 UTC

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Wealthy Chinese move offshore money to U.S. banks as Beijing’s tax net widens

Source: CNBC · Oct 23, 2026 04:55 UTC

Wall Street in New York's Financial District with flags hanging from buildings — File photo Carol M. Highsmith / Library of Congress · Public domain · Source

The Quick Take

Bankers and lawyers say Chinese clients' demand for U.S. bank accounts has gathered pace as Beijing tightens the screws on Chinese offshore wealth.

Read the full story at CNBC

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