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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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To: bull_dozer who wrote (195619)	1/30/2023 12:44:30 AM
From: bull_dozer	Read Replies (1) of 217646

Exodus of Wealthy Chinese Accelerates With End of Covid Zero China could face at least $150 billion capital flight: Natixis Resumption of travel opens gates for China’s wealthy to leave Denny Ko, an immigration lawyer in Hong Kong who advises wealthy Chinese clients, said that the truly rich have had contingency plans in place for years, and the people who are now looking for options tend to be further down the wealth scale, including the upper middle class, entrepreneurs and senior-level executives. Searches and keyword mentions of “emigration” on Wechat almost quintupled on Dec 26 from a day earlier to 110.7 million, after China downgraded Covid-19 to a lower threat disease class and announced that it would scrap all quarantine measures. As the wealthy look to invest abroad, private banks have been building their desks to deal with the flow of capital. They have been hiring in Singapore to serve wealthy Chinese that are investing in the city state. The flood of money has prompted sky-rocketing prices for everything from mansions and golf memberships to luxury car sales in Singapore. bloomberg.com

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