Category: High-net-worth individuals

California, New York: Top Destinations For Wealthy Chinese Seeking to Leave China

The Chinese Communist Party’s (CCP) draconian COVID measures and economic policies have driven many wealthy Chinese residents to leave or at least plan to leave China. Many wealthy individuals have transferred their assets abroad through overseas investment, property purchases, or offshore trusts, with California and New York being their top destinations. According to investment migration…


China Tops List of Countries For Most Millionaires Moving Abroad

A recent research report published by AfrAsia Bank listed the top 10 countries in the world that had the most outflow of high-net-worth individuals (HNWI) in 2019. China topped the list with the most millionaires leaving for other countries in that year, followed by India. The study only covered HNWIs with a net worth of…