Rich Chinese line up to leave China
From marketwatch.com
Getting in front of money exiting China’s porous capital controls has been one of the most dependable investment themes in recent years, from casino tables in Macau to luxury-good sales in Hong Kong. But now we have a new exit-route opening up. Wealthy Chinese mainlanders are voting with their feet in eye-popping numbers and preparing to emigrate — taking both their money and family with them. First it was reported that mainlanders made up 91% of all applications for investment visas going to Australia since the scheme was launched in 2012. But this was small beer compared to Canada, as it was disclosed there was a ...
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