CRS2.0 is coming—your assets will all be transparent and exchangeable. Are you scared? What kind of assets can be made 'invisible' for effective tax planning? Save this post first, then give it a like In 2025, CRS went viral. Many high-income overseas investors were feeling anxious, and some even received text messages informing them to pay taxes on overseas investment income. That’s CRS for you. By 2028, CRS2.0 is about to launch. In addition to bank accounts and stock accounts, it will also include regulations on digital currencies. As the saying goes, when the flashlight shines, everything becomes crystal clear. As a CRS member, all financial institutions in Hong Kong must conduct tax reporting, usually based on the year-end net asset value. The investor’s mainland ID number serves as the CRS tax ID. Note: Exchange doesn’t mean paying taxes. For example, if an investor’s account has 100 million, but the exchanged figure is 0, then no tax needs to be paid. Someone asked, how is that even possible? Are you joking? Playing hide-and-seek with me!? No, it’s not a joke. But yes, it’s a game of hide-and-seek.