I saw some comments and messages from friends asking what to do in this situation. Let me share my personal approach for now. Of course, this is just my personal opinion and may not be suitable for everyone: 1. The essence of taxation is tied to tax residency. In other words, the simplest solution is to become a citizen of another country, especially one without capital gains tax, like Singapore. This is also why I’ve never recommended Hong Kong. Although Hong Kong doesn’t have capital gains tax, all financial information in Hong Kong is transparent to mainland tax authorities, and many "policies" there can be changed at any time. So, changing your tax residency is a once-and-for-all solution, though it’s quite challenging for most people. 2. Buying high-value life insurance as an alternative to trusts. Actually, China has regulations under Article 4 of the "Individual Income Tax Law," which clearly states that "insurance payouts" are exempt from personal income tax. So theoretically, even if you buy high-value life insurance within China, as long as it’s paid out normally (upon the insured’s death), it won’t be taxed. However, considering the harsh terms in China’s insurance industry and the possibility of policy changes, especially since a high-value life insurance policy might last for decades, I personally pay attention to the insurer’s creditworthiness, jurisdiction, contract stability, currency, and the future enforceability of claims. That’s why I lean more toward regions with mature legal and financial systems, like Singapore. PS: I personally have purchased high-value life insurance. If I’m around, I can keep working hard to earn money. But if something unexpected happens to me, my family can receive a large payout. Even without my efforts, they won’t have to downgrade their lifestyle. 3. Tax residency for the next generation. For example, the tax residency of Chipmunk (my child) is, in my opinion, even more important than my own tax residency. After all, many people hope to pass their wealth on to the next generation. If parents hold significant overseas assets for a long time but the next generation remains Chinese tax residents, then stocks, trusts, insurance, and other overseas assets passed on to the next generation will still face China’s global income tax on future investment returns. But if the next generation has already changed their tax residency, the tax logic for family wealth inheritance will change entirely. It can become much simpler. So, what I’m focusing on now is planning Chipmunk’s tax residency, while my own situation is relatively easier to handle. @Gate Crypto, US stocks, Hong Kong stocks, Korean stocks, gold, CFD, prediction markets all-in-one trading platform