CCTV Finance: In the first five months of this year, Chinese residents paid back taxes on offshore income of approximately 13 billion yuan.

CCTV Finance: BlockBeats reports that on June 10, the State Taxation Administration of China publicly released related information showing that tax authorities have continuously strengthened publicity and guidance, as well as policy counseling for residents’ personal offshore income, resulting in a clear improvement in tax compliance among taxpayers who earn offshore income. From January to May, the total additional tax payments were approximately 13 billion yuan. (CCTV Finance)
Next, three things need to be watched: whether the related funds continue to keep flowing in, whether on-chain transaction volume and open positions continue to expand, and whether the project team or the regulators provide new confirmation information. A single news headline can only indicate that sentiment has been ignited; the subsequent data will determine whether it can settle into a trend.
Risks should also be kept on the table: if subsequent trades and capital flows cannot keep up, the market is likely to digest it as a one-off pulse.
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