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Thursday, May 28 2026
China Targets Offshore Trusts in Tax Crackdown on Rich
Chinese officials are intensifying efforts to tax offshore trusts that hold shares in some Hong Kong-listed companies, clamping down on a structure that the country’s mega-rich have used to invest billions of dollars overseas,…
Thursday, May 28 2026
China's April Industrial Profits Grow at Fastest in More Than Two Years
China's industrial profits in April grew at the fastest pace since November 2023, despite financial pressures stemming from softening domestic demand and rising component costs exacerbated by the Middle East crisis, Reuters…
Thursday, May 28 2026
U.K. Sanctions Justin Sun’s Crypto Exchange Over Russia Business
The British government sanctioned crypto entrepreneur Justin Sun’s global crypto exchange HTX on suspicion of supporting the Russian government, placing a spotlight on a billionaire who until recently was a key backer of the…
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