Wednesday, October 7, 2026 Global edition
Pinnacle Times

Ideas for people who build

Business

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

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

Illuminated Bank of America ATM structure against a dark nighttime backdrop in Boston.

Photo: Steve Pancrate / Pexels

More in Business