Saturday, October 24, 2026

德语《法兰克福汇报》:中国富豪的好日子已到尽头?

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德语《法兰克福汇报》:中国富豪的好日子已到尽头?


中国政府正在通过各种手段对私营经济进行整肃,一些上市公司的股价一路猛跌,私营企业富豪们的好日子似乎已经到了尽头。


过去几个月以来,中国私营经济的企业主们突然变得异常慷慨。腾讯的马化腾宣布捐赠77亿美元,资助扶贫和可再生能源事业。美团老总王兴也不甘示弱,斥资23亿美元发展教育。《法兰克福汇报》发表文章称,富翁们突然慷慨解囊其实有着更深层的背景。这篇题为《中国富豪的财富正在大幅缩水》的文章写道:

“中国共产党希望为自己正本清源,于是高举共同富裕的旗帜对私营科技领域开始了前所未有的整肃行动。在这种背景下,因特网大亨们主动慷慨解囊,也许对其企业和股民来说,都不失为明智之举。过去一段时间以来,北京领导人几乎天天都会出台新的政策,对腾讯和美团等网络公司的经营模式实施严厉打压。这些公司的股价应声而落,企业老总的财富也在以前所未有的规模在大幅缩水。

七月初,滴滴出行在美国上市两天后开始受到中国官方的调查整顿。根据《金融时报》的一项统计,一段时间以来,高科技行业二十多名亿万富翁的财富已经平均减少了16%,损失金额为870亿美元。仅腾讯创始人马化腾的账面财富就损失了四分之一,相当于120亿美元。拼多多老总黄峥的境况更惨,他拥有的股票缩水三分之一,相当于损失了160亿美元。去年秋季,北京叫停了蚂蚁金服的上市计划,此后阿里巴巴创始人马云的财富也减少了130亿美元。

党显然想加强对高科技行业的管控,让他们为党的事业而服务,于是过去几个月来,监管部门突然在高科技企业中发现了名目繁多的各类问题:行业垄断,危害国家安全,违背数据保护条例,侵害未成年人权益以及剥削中产阶级等等,不一而足。”

文章写道,中国富豪们慷慨解囊,并不是指望以此能换取党和政府对他们网开一面。但他们希望他们的合作态度,至少可以避免股市出现更大的波动。文章接着写道:


“股市如果继续滑坡,因特网巨头们的财富就将会面临更大的风险。前不久,《金融时报》报道称,阿里巴巴创办者马云和蔡崇信曾将5.8%股票作为贷款抵押。用自家公司股票做贷款抵押是亿万富翁们常用的理财方式,因为这样以来,就可以在不出售股票的情况下达到分摊财产风险的目的。但一旦股价下跌,银行要求增加抵押时,借贷方就将不得不出售股票,而抛售股票又可能会导致股价的进一步下跌。目前尚不清楚的是,其他的亿万富豪们是否也曾抵押过自家企业的股票。”

在中国,受到党严格管控的当然不仅限于高科技领域的民营企业,遍布中国各地的卡拉OK吧今后将只能向顾客提供通过了审查的曲目。《明镜周刊》报道称:

“来自文旅部的消息称,采取这一措施的目的是要消除‘非法内容’。音乐监控部门将禁止那些在他们看来危害国家统一的歌曲。其他被禁的歌曲还包括涉及迷信邪教内容以及同赌博毒品有关的歌曲。


文旅部称,新的规定将从十月一日起开始实施。卡拉OK业主被要求自行审核自己的曲目是否符合新规定要求。该部门宣称,这样做的目的,是为了今后能向民众提供‘健康和积极’歌曲。”

中国富豪离岸信托申报期限届满 抛股票拆信托换国籍

 中国的整个富豪圈天要睡不着觉了,国家终于出手,以后想靠离岸信托避税,做梦! 坏土豆工作室李小意作品首发于粉丝专页
中国富豪离岸信托申报期限届满 抛股票拆信托换国籍


北京要求10月22日前申报离岸信托收益,并按20%征收个人所得税。据路透社报道,部分中国富豪正在解散离岸信托、出售股票,有人甚至更换国籍。税务部门依据胡润富豪榜和公司文件锁定征税对象,一些地方还成立了专案组。律师指出,新规的适用范围、追征期限等细节仍不明确。

中国离岸信托补税倒计时!部分富豪卖股筹钱,换了外国护照为何仍可能被追税?【昆哥播客】周五(10月16日),据财富顾问、律师和其他知情人士透露,随着境外收益申报期限临近,一些中国顶级富豪正在解散离岸信托、出售股票,甚至更换国籍。

此举是中国加强资本外流审查和执法力度的一部分。当前,这个全球第二大经济体正面临内需持续疲软和更广泛的经济失衡,财政压力也在加大。

知情人士说,与此同时,税务官员也加大了力度,收集辖区内富裕人士的信息,并正组建专门团队,追缴离岸收益的应缴税款。

财富顾问公司JLT Legacy Group首席执行官刘先生(Oscar Liu)表示,在香港和美国上市的中资企业创始人,将受到这轮税收新规最大的冲击,因为他们中许多人在2014年至2020年估值高峰期,通过信托出售了股份。
中国的整个富豪圈天要睡不着觉了,国家终于出手,以后想靠离岸信托避税,做梦! 坏土豆工作室李小意作品首发于粉丝专页
"我们估计,单个案例的应缴税款可能从几百万元到数亿元,甚至数十亿元不等,"刘先生说。他的公司在香港和新加坡设有办事处。

7月下旬,北京将离岸信托收益的申报截止日期定为10月22日,并对此类收益征收20%的个人所得税。这在中国富人中引发了一场争相核算税负的风潮。

据波士顿咨询公司估计,中国的离岸财富约为1.7万亿美元。近年来,离岸信托日益受到青睐,成为海外上市中资企业大股东把财富存放在国外的工具。

三名知情人士称,中国国家税务总局已责令工作人员,依据从胡润富豪榜、公司文件和其他公开信息中整理出的名单,追查应缴纳离岸信托税的人。

由于相关措施属于机密,这些知情人士要求匿名。

刘先生补充说,在一些富裕企业家众多的省份和城市,税务部门已成立专案组,专门收集离岸信托信息。

海外爆料on X: "🔥中国富豪,正在连夜拆信托。 💰路透社:北京对离岸信托收益征20%税,10月22日申报期限逼近。 富豪纷纷解除离岸信托、抛售 股票, 有人甚至更换国籍。 "共同富裕"走到最后, 走进了你的钱包! 下一个轮到谁?👇 #共同富裕#中国国务院拒绝回应路透社的置评请求。国家税务总局和财政部没有回应置评请求。

筹措现金:抛售股票、质押贷款缴税

这项出人意料的信托税新规,在一些情况下引发了抢筹现金的热潮。

一名家族办公室律师说,客户不能用股价亏损抵扣税款;而过去几年获得大笔分红的房地产开发商,如今因楼市低迷,财务状况太过虚弱,已无力缴纳应缴税款。

一位科技亿万富豪的家族办公室表示,现在花在计算税款上的时间比做交易还多,并正在出售约一半的股票投资组合。

"这就像釜底抽薪,"一名在该家族办公室工作的人说,指的是要求在三个月内以现金缴税。

一家大型国际银行负责高净值人士和家族办公室业务的私人银行家说,银行目前正在向私人客户提供贷款,帮助他们缴税,贷款以客户所持自家公司股份质押。

中国的离岸信托税制,还迫使一些富人重组业务和家族财富持有结构。香港一名信托律师说,有些人甚至在新设立的信托装入资产之前,就把它关闭了。

一名持有香港身份、目前在这个亚洲金融中心担任保险代理人的内地人说,她正在放弃内地居民身份,以使丈夫的财富不受北京管辖,尽管她的丈夫并不是内地税务居民。

JLT的刘先生表示,在核算税负期间,离岸信托持有人很少会急于进行新的投资。

规则不清:适用范围与追征期限存疑

即便是已经开始寻找缴税途径的中国富人,也对新规中一些不明确的方面感到困惑,从适用对象、追溯效力到缴款流程都是如此。

"这张网撒得很宽,"查尔斯·罗素·斯皮奇利斯律师事务所(Charles Russell Speechlys)合伙人康女士(Wei Kang)说。她为高净值个人和家庭提供复杂信托与遗产架构、税务及合规方面的咨询。

康女士补充说,7月出台的新税规,把纳税义务与纳税人的"主要经济利益"是否在中国挂钩。这个概念有解释空间,不一定能简单地以实际居住地或国籍来认定。

她说,目前也不清楚,税收是从信托设立之时起适用,还是只适用于一段有限的时期。

JLT Legacy Group的刘先生说,新规还要求有离岸信托收益的人,在10月22日截止日期前自行提交应缴税款的计算结果,待当局确认金额后再缴纳。

但七名知情人士说,在实际操作中,各城市的执法尺度不一,有些情况下还有协商缴款安排的余地。三名知情人士说,对于股息或股票出售的纳税义务能够追征到多久以前,也没有明确的期限。

"魔鬼藏在细节里,"康女士说,"很多细节都还缺失
。"

上海办公室空置率全球第一!北京楼市更惨

 上海辦公室空置率全球第一!每4間就空1間!降價也沒人要,中國寫字樓真的崩盤了?企業撤退、白領失業,下一個爆雷的會是誰?

上海办公室空置率全球第一!北京楼市更惨

 近年来,中国经济发展陷入停滞,越来越多外资企业选择撤出中国市场,各大城市的办公室空置率也逐年上升。美国商用不动产服务与投资公司“世邦魏理仕”( CBRE)近期针对全球各大城市的办公室空置率进行评估,发现上海的办公室空置率高达24.4%,且租金仍在持续下跌。另外,相关问题也正由上海逐渐往内陆城市蔓延,有外媒分析指出,如果中国的办公室仍然处于“供过于求”的状态,租金下行的压力就可能进一步扩散,波及其他的办公物业。

根据《日经中文网》报道,世邦魏理仕日前公布了今年第二季度全球办公室空置率最高的前20个城市排行,其中,上海以24.5%的空置率居于榜首,北京则以17.9%的成绩排行第8。在该机构近期公布的第三季度调查报告中,上海的办公室空置率虽然稍微降低,但仍有24.4%,近四分之一的办公室处于无人使用的状态之中。

该报告指出,截至第三季度末,上海办公室的租金报价已经来到每天、每平方米7.7元人民币,环比下降0.6%。在计算免租期等优惠方案后,上海办公室的有效租金约为每天、每平方米5.1元,环比下降0.8%。另外,第三季度新增的办公室面积预估为25.7万平方米,该报告认为,不断扩大的供应量很可能进一步推动上海办公室租金的下跌趋势。

报道称,在办公室持续供过于求、租金价格持续下跌的背景下,租户的议价能力变得越来越强,部分业主也会选择在续租时向客户提供折扣,试图留住优质的客户,甚至可能将部分优惠写入租约之中。该报道表示,上海办公室空置率居高不下的原因,与外资企业撤离、投资减少、中国企业缩减租赁面积等多项因素有关。

化名为“彭海”的上海金融学者日前接受《大纪元新闻网》专访时指出,上海陆家嘴、虹桥地区的办公室过去聚集大量外资企业与金融机构,但截至目前为止,已经有越来越多企业将总部迁往成本较低的都市,许多金融机构也在持续缩减办公规模,强调租金下跌的现象反映了企业在租赁需求方面呈现衰退趋势。

另外,办公室空置的问题也正逐渐从上海等沿海城市,朝向中部、西部地区的都市扩散。该报道以重庆一间面积约200平方米的办公室为例,称该办公室由于长期处于空置状态,部分地板已经脱落,电缆也从天花板上垂下,即使门外出租告示强调“价格优惠”、“可协商”仍乏人问津。

该报道总结强调,如果办公室持续处于供过于求的状态,租金下行的压力可能进一步波及中国的其他办公务业,对中国经济带来更大的伤害。

巴黎枪械店老板:一周销量“增十倍”,“商户们正武装自己”

 


Gun shops had seen a rise in demand for “pepper-gel” self-defence weapons from shopkeepers desperate to protect their stores from looting 

巴黎枪械店老板:一周销量“增十倍”,“商户们正武装自己”

据法新社介绍,巴黎一家狩猎枪械店的老板伊夫·戈莱提(Yves Gollety)表示,自上周末抗议期间发生抢劫事件以来,他的销售额“增长了十倍”。


这位老板店里最大功率20焦耳的橡胶子弹发射器已售罄。他指出,鉴于本周六将有新一轮示威活动,商户们非常害怕,“正在武装自己”。

他在一堆猎枪和猎人夹克货物中讲述道:有些客户被困在自己的店里,掠夺者甚至也在场”。

France riots: shopkeepers in weapons rush before weekend protests在巴黎另一家枪械店里,东站附近一个眼镜店的店主米卡埃尔刚刚购买了胡椒喷雾。他解释说,这是为了“防抢劫者闯入店铺”。

法新社这篇报道说,连接巴黎东站与共和国广场的马然塔大道是上周六暴力事件的发生地,工人们正忙着用胶合板保护商店橱窗。

有些小海报呼吁加入社区“WhatsApp”群组,联合起来“阻止入侵”;另一些帖子则提议为店铺遭洗劫的阿里·侯赛因发起众筹。

周四,在人行道上,破碎的橱窗玻璃和生理盐水空瓶与秋天的落叶混杂在一起,那些空盐水瓶曾被用来清洗受催泪瓦斯袭击的眼睛。

60岁的建材涂料店老板雷纳莱斯对上周六的暴力事件心有余悸,他一直睡在如今已空了一半的店里。他说,“我至今不明白,那些抢劫者为什么要来抢油漆和工具。”

据巴黎警察局统计,上周末首都共有450家商铺遭破坏,228家商铺被洗劫一空。

巴黎市政府呼吁市民周六“保持高度警惕”,并建议周边居民和商户“将垃圾桶、自行车及露天座位和户外家具收进室内”。

五角大楼将美国境内的孔子学院列为国家安全威胁

 WASHINGTON, D.C. — The US Department of Defense has designated Confucius  Institutes, Chinese-funded cultural centers on American university  campuses, a threat to US national security, Defense Secretar

五角大楼将美国境内的孔子学院列为国家安全威胁

美国国防部长皮特·赫格塞斯周五表示,美国国防部将中国资助、设在大学校园内的文化中心(即所谓的“孔子学院”)视为对美国国家安全的威胁。

路透社说,华盛顿长期以来一直指责孔子学院是中国的宣传工具,并已采取措施打击。

赫格塞斯在社交媒体上发布的一段视频中称,孔子学院在美国大学中以伪装形式运作,五角大楼已将其列入威胁美国国家安全的机构名单。

赫格塞斯说,“事实证明,30所大学中出现了80个新的宣传据点,它们使用不同的名称和章程,但使命却是一样的:窃取知识产权并渗透美国学生的思想”。

他表示,过去两个月里,国防部已“系统性地瓦解了这些组织中的每一个”。

路透社说,中国驻华盛顿大使馆未立即回应其置评请求。

Iran’s Oil Reserves Run Dry as U.S. Naval Blockade Tightens

 Iran has begun curbing oil production as the US naval blockade tightens around its oil trade, with exports plunging, storage filling and tankers gathering near the country's main export hub, Bloomberg

Iran’s Oil Reserves Run Dry as U.S. Naval Blockade Tightens

Iranian oil in floating storage has been drained amid the U.S. Navy blockade, the Wall Street Journal has reported, citing Kpler data that suggests further tightening in global oil supply.

“There’s no more oil to discharge to China anymore,” Kpler’s head of crude oil analysis, Homayoun Falakshahi, said, as quoted by the WSJ.

Iran's oil revenue drops as US blockade depletes floating storageBefore the United States imposed a blockade on Iranian ports in April, Iran had close to 150 million barrels in floating storage, the report said. That dipped to less than 50 million barrels by mid-June, when the U.S. lifted the blockade following the ceasefire deal between Washington and Tehran. Then, in mid-July, the deal collapsed, hostilities returned, and the U.S. reimposed the blockade. By mid-October, oil in floating storage had shrunk to 866,000 barrels, per the data.

“It looks like the U.S. gamble is that the economy will either push the regime back into negotiations to accept a nuclear deal, or will spark protests internally which the regime will face challenges containing,” Kpler’s Falakshahi also said.

Meanwhile, however, it is not just the Iranian economy that is suffering, which complicates matters for the United States. Fuel prices remain at record highs, especially diesel, and President Trump’s approval ratings are down ahead of the November midterms.

Iran itself has brushed off claims that its economy is close to collapsing, with the governor of the country’s central bank saying “the Iranian economy has demonstrated very good resilience, and the claim that Iran’s economy is collapsing is nothing more than an illusion,” as quoted by the Wall Street Journal.

The prospect of peace between the two remains distant, with the president of Iran and the country’s foreign minister this week signaling they cannot trust the U.S.; therefore, peace talks would be a challenge. Earlier this month, Moody’s calculated the cost of the Iran war for U.S. households at $265 billion in total.

America’s $10 trillion AI boom shows cracks as 65% of data center projects face doubts and Wall Street fears grow

 Cracks appear in us ai data center boom in 2026

America’s $10 trillion AI boom shows cracks as 65% of data center projects face doubts and Wall Street fears grow

 America’s $10 trillion AI boom is showing signs of cracking as analysts question 65% of planned U.S. data center projects. With construction delays, mounting debt, power shortages and growing opposition from communities, Wall Street is increasingly questioning whether the industry’s massive investments can deliver the profits promised.

America's $10 Trillion AI Boom Faces Reality

Cracks are appearing in America's debt-laden $10tn AI infrastructure boom as project delays, public backlash and shaky investor confidence bring a reckoning for the data centre build-out underpinning

America's $10 trillion AI infrastructure boom is facing growing scrutiny as analysts question whether its extraordinary expansion plans are achievable. According to a Financial Times investigation published October 18, Bernstein estimates that only 35% of proposed U.S. data center projects are credible, raising serious doubts about the feasibility of the remaining 65% of announced developments.

Dozens of Data Center Projects Already Stalled

The industry's ambitious projections are increasingly colliding with construction delays, financing difficulties and regulatory obstacles. At least 47 major American data center projects have reportedly been delayed, withdrawn or blocked in 2026. These setbacks threaten investment plans estimated to exceed $10 trillion between 2025 and 2032, intensifying concerns about a potential AI infrastructure bubble.

More Than 1,000 Communities Push Back

Public opposition has emerged as another major obstacle, with more than 1,000 American communities seeking restrictions on data center development. Residents are raising concerns about soaring electricity demand, water consumption, environmental consequences and generous tax incentives awarded to technology companies. Local resistance is increasingly complicating construction approvals and challenging the industry's ability to expand without significant public opposition.

Power Shortages Threaten AI Expansion


A growing shortage of electricity could pose a challenge to the rapid expansion of AI data centers, according to concerns highlighted by Morgan Stanley. Artificial intelligence requires enormous compu

Electricity availability is becoming one of the most serious constraints on new AI infrastructure. Developers face lengthy grid-connection delays, shortages of transformers and cooling equipment, and uncertainty about future energy prices. Even projects backed by major technology companies can remain stalled for years, potentially leaving billions of dollars committed to facilities unable to generate anticipated revenue.

CoreWeave has become a prominent example of the financial risks surrounding debt-funded AI expansion. The Nvidia-backed cloud provider experienced significant stock and bond declines during the week of October 12. Yields on some of its debt approached 16%, reflecting growing investor concerns about refinancing costs, heavy capital expenditures and the sustainability of its expansion strategy.

CoreWeave's Debt Troubles Alarm Wall Street

CoreWeave is facing a crisis of confidence on Wall Street that's playing out in real time among equity and bond investors., CNBC's Seema Mody has the details., Read more at the link in bio.CoreWeave has become a prominent example of the financial risks surrounding debt-funded AI expansion. The Nvidia-backed cloud provider experienced significant stock and bond declines during the week of October 12. Yields on some of its debt approached 16%, reflecting growing investor concerns about refinancing costs, heavy capital expenditures and the sustainability of its expansion strategy.

Billions in Debt Raise Questions About Profitability

CoreWeave reported approximately $35 billion in debt at the end of June, alongside substantial lease obligations supporting its infrastructure expansion. Although the company maintains significant contracted revenue commitments, investors are questioning whether future customer payments can cover rising borrowing expenses. Similar concerns are spreading across emerging cloud providers dependent on expensive financing to develop new AI computing facilities.

OpenAI's Stargate Faces Growing Infrastructure Challenges

OpenAI's ambitious Stargate initiative, involving Oracle and SoftBank, has also encountered questions surrounding financing, construction timelines and the coordination required to deliver enormous computing capacity. Despite continued commitments from its backers, the project's complexities illustrate how even heavily funded AI developments face practical obstacles that could delay operations and increase costs beyond initial expectations.

Microsoft Abandons Major UK Data Center Deal

45,000 Signatures Against a $5.4 Billion AI Data Center — Britain's Power Problem Deepens A petition opposing Microsoft's proposed AI data center in Leeds, England, has reportedly attracted more thanMicrosoft has withdrawn from a major AI data center arrangement with Nscale in Loughton, Essex, following uncertainty over electricity availability. Power supply delays reportedly threatened to postpone operations until the 2030s. Although Microsoft continues investing in other AI infrastructure projects, the decision highlights the widening gap between technology companies' expansion ambitions and available electrical infrastructure.

AI Stocks Slide as Bubble Fears Intensify

The infrastructure difficulties coincide with mounting pressure on technology stocks. During the week ending October 16, the Philadelphia Semiconductor Index reportedly declined approximately 10%, reflecting concerns about excessive valuations and escalating capital requirements. Investors are increasingly questioning whether AI companies can generate sufficient revenue to justify enormous spending on advanced processors, electricity-intensive facilities and long-term infrastructure commitments.

Tech Giants Face Crucial Financial Test

Upcoming earnings from Microsoft, Amazon, Alphabet and Meta will provide important indications of whether their AI investments are producing meaningful financial returns. Investors will closely examine capital expenditures, cloud revenue growth, operating margins and financing commitments. Additional project delays or reduced spending forecasts could further undermine confidence in an industry built around expectations of sustained growth.

America's AI Bubble Confronts Its Biggest Challenge

The mounting obstacles do not necessarily indicate that AI demand is collapsing, but they expose growing weaknesses in the industry's infrastructure investment model. Expensive borrowing, electricity shortages, community resistance and uncertain profitability could force companies to scale back ambitious construction plans. The central question is whether trillions in promised investments can become operational, profitable infrastructure before financial pressures intensify.