Let me add a few words to what Master Bro said. First of all, paying taxes according to the law is a must—taxes should be paid wherever they are due. But CRS doesn’t monitor all information: 1. For those who have obtained overseas compliant residency and opened accounts locally to trade U.S. stocks or regional stocks, I haven’t seen any cases where they were affected by China’s CRS. Although these countries are part of the CRS network, they essentially don’t submit their tax residents’ information to other countries. This is the key point. 2. Accounts opened with U.S. brokers are not subject to CRS because the U.S. and China don’t have a CRS system. Even if you register with a U.S. broker using a Chinese identity, it won’t be included in CRS statistics. The U.S. uses its own FATCA system, which only requires foreign banks to report “U.S. tax residents” to the U.S. 3. If you already have overseas residency but still use a Chinese identity (including a Chinese phone number, address, or other proof) to register and trade in CRS countries, your data will still be exchanged. This is especially true if you open overseas bank accounts with a Chinese identity and use those accounts as your primary transaction channel. For example, in Hong Kong, almost all data will be exchanged. To put it simply, while U.S. stock accounts won’t be affected by CRS, if you sell stocks and transfer the money back to a CRS country’s bank, like Hong Kong, CRS will still get your information. So whether it’s ZA Bank or other Hong Kong bank cards, while they can solve some deposit and withdrawal issues, there will still be CRS-related problems. In practice, CRS doesn’t impose limits based on the amount, but if the funds in your account are significant (HK$7 million or US$1 million), the likelihood of being flagged for a bank system audit increases, and you may occasionally be asked to provide proof of the source of funds. In summary, legitimate overseas tax residents’ information is not included in CRS exchanges.