# Offshore Trust Tax Filing Window Closes

> Hong Kong stock founders trim holdings as China's new offshore trust tax rules demand billions in back taxes.
- Title: Offshore Trust Tax Filing Window Closes · BigGo Finance
- Summary: Hong Kong stock founders trim holdings as China's new offshore trust tax rules demand billions in back taxes. Eight Chinese tycoons hold $140 billion in…
- Keywords: hong kong, offshore trusts, tax filing, haidilao, zhang yong, shu ping, qudian, luo min, netease, ant sports, state taxation administration, british virgin islands
- Source: BigGo Finance — https://finance.biggo.com/news/299bec1b-d2b2-498e-8dfb-02b349d57f29
- Author: BigGo Finance
- Published: 2026-10-23T02:05:32+00:00
- Read time: 2 min
- Topics: hong kong, offshore trusts, tax filing, haidilao, zhang yong, shu ping, qudian, luo min, netease, ant sports, state taxation administration, british virgin islands
## Tax filing window closes
On October 22, 2026, the 90-day filing window closed for declaring historical tax liabilities on offshore trusts.
## New tax rules take effect
The rules treat a resident individual's transfer of assets into an offshore trust as a deemed transfer, apply look-through taxation to ongoing trust income, and tax termination as a liquidation, all at a uniform 20%…
## Bloks block trade
On the final day, Bloks saw a HK$251 million block trade from a shareholder selling shares to cut its stake.
## Haidilao trust sale
Haidilao's trust sold HK$2.751 billion in shares at a 6.7% discount, cutting its stake from 3.57% to 2.01%.
## Tax impact on Haidilao
Market estimates put the Haidilao couple's potential back taxes at about CNY 1.9 billion under new tax rules.
## Qudian tax case
Qudian's Luo Min was assessed CNY 790 million in personal income tax on a red-chip equity restructuring.
## Eight tycoons hold $140 billion
Eight Chinese tycoons hold roughly $140 billion of listed-company shares through offshore trusts.
## Tax base mismatch
The tax base is anchored to past market value, but the tax must be paid in today's cash.
## Haidilao's tax calculation
Haidilao's trust received about CNY 7 billion in dividends, requiring back taxes of about CNY 1.4 billion under new rules.
## Qudian's tax burden
Qudian's board resolved to bear CNY 790 million in personal income tax for Luo Min's restructuring.
## Tax burden distribution
Old-money trusts face the heaviest tax burden due to larger gains and extremely low original cost.
## Tax payment buffer
Those unable to pay on time may pay in equal installments over five years after filing with tax authorities.
## Market reaction
Hong Kong stocks and China concept stocks may see more share sales by founders and family trusts after October 22.
## Tax filing consequences
Cross-border family wealth arrangements will be forced to recalculate costs once tax base is locked to historical highs.
## Key takeaway

Eight Chinese tycoons hold $140 billion in listed shares through offshore trusts; new tax rules could require up to CNY 1.9 billion in back taxes for Haidilao founders.