The tax audit turmoil of Chinese and Hong Kong securities firms continues. Even the official account blogger Uncle Cat has also been inspected for taxation. Suppose you lost 500,000 yuan last year and it has risen back this year. 20% of the 500,000 will be used to pay taxes this year. I can understand why everyone has been going to IB US these days.

Last time I asked a guy from a certain internet brokerage. He said there's no way, and told me to look up what CRS is myself. Now he doesn't even use his own brokerage's app. See the picture: