The exit plans of China’s wealthy were triggered amid fears of high taxes and personal safety after Xi Jinping was re-elected. They race to get their whole family out of the country.
Financial Times reported, citing David Lesperance, a European-based lawyer who has worked with wealthy families in Hong Kong and China. He said he has received three ‘proceed’ instructions from various ultra-high net worth Chinese business families to execute their escape plans.
——————-
#SpotlightOnChina #China #ChinaInsights
Spotlight on China
source
