tldr: Swiss bank accounts don't cut it anymore

"The ripple effects of the Panama Papers leak continue to influence Chinese politics and the economy. The exposure of elite wealth and international financial maneuvering has amplified calls for greater transparency and accountability, both from within the party and the broader public. In response, the government has pursued reforms aimed at tightening oversight of financial transactions and curbing illicit capital flight.

Economically, the revelations have underscored the vulnerability of China's wealthy in maintaining their financial anonymity, prompting many to reassess their strategies for wealth preservation. This has led to an increase in the repatriation of funds and a greater emphasis on compliance with both domestic and international financial regulations."