Regarding the State Council Order No. 837 "Regulations on Outbound Investment"

Given the numerous questions, I'll clarify here once and for all
This Order No. 837 is probably the strictest outbound investment regulation in recent years
First, it expands the scope to include individual residents (no longer just organizations/companies) - yes, you, in front of the screen
2. The asset categories basically cover everything you know: stocks (U.S. stocks, unlisted), funds, cryptocurrencies, foreign exchange in bank accounts, and more
3. What does it require you to do? Disclosure and filing... (For matters involving national security, approval is also needed...)
4. What are the penalties? Confiscation of illegal gains + 0.1-0.5% of the investment amount
5. It also includes a clause involving national security. As for what constitutes national security?
I won't go into too much detail—things like previously transferring US stocks through Futu or Tiger Brokers will definitely be synchronized...
And those opening accounts in Singapore with an EP (or holding a Hong Kong ID) to buy US stocks... Singapore is a CRS participating country... synchronization is just a matter of time
Unless you're very professional, it's hard to do accounting from the asset side; tax residency might have some room for maneuver
It will start on July 1