Geopolitical uncertainty has prompted the move of global wealth. Intensifying the power struggle within the China Communist Party (CCP), the crackdown on democracy and human rights in Hong Kong have turned both places into a country/region with a large outflow of tycoons. It is projected that the net outflow of high net worth individuals (HNWI)…
Henley & Partners Report: Russia, China Top-Ranked in Net Outflows of Millionaires in 2022, Hong Kong Ranks No. 4
China Tops List of Countries For Most Millionaires Moving Abroad
June 20, 2021
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AfrAsia BankAsia & PacificChinaChina Business & EconomyChina SocietyHigh-net-worth individualsHNWImillionaireOperation Fox HuntWorld
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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…
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