PANews reported on May 17 that according to Caixin.com, many people engaged in US stock trading have recently received reminders from local tax authorities, requiring them to self-check whether they have overseas income and actively declare and pay taxes. Most of the customers who are required to declare have funds exceeding one million US dollars. The local tax authorities have been collecting taxes on overseas income for a year, and the items being collected are mainly concentrated in overseas investment income, such as interest and dividends. Most of the cases are collected from 2022 to 2024, and no cases have been seen with a collection period of more than five years.

It is reported that Liang Shuang (pseudonym), a client manager serving high-net-worth clients at a financial institution in Hong Kong, confirmed to Caixin that many of his clients have received self-inspection notices from the tax department, requiring them to report income and profits in overseas bank or brokerage accounts from 2022 to 2024. Most of the clients who were required to report have funds exceeding one million US dollars, and these clients are from Beijing, Shanxi and other places.