“The fear is that the bar is coming right down on Beijing’s ability to get your assets in Hong Kong. Singapore is the favored destination.”
Some Hong Kong tycoons have started moving personal wealth offshore as concern deepens over a local government plan to allow extraditions of suspects to face trial in China for the first time, according to financial advisers, bankers and lawyers familiar with such transactions. READ MORE
Similar Posts:
- Asian Banks Are Nibbling the Lunches of Global Banks (CCTV)
- Two Systems, Zero Trust? Hong Kong’s Extradition Row Risks Business Exodus (Nikkei Asian Review)
- Hong Kong Security Law Sparks Race for Asia’s Next Financial Capital (Nikkei Asian Review)
- Morningstar Hong Kong & Singapore Stock of the Week (Q2 2023)
- Asia at a Crossroads: Demographics, Economics & Investment (State Street)
- No Improvement in Asia Pacific Corporate Payments in 2015 (Coface)
- Fund Manager Consensus: Hong Kong Needs China More Than Vice Versa (AsianInvestor)
- Why China’s ‘Crazy’ Mega-rich Are Moving Their Wealth, and Partying, to Singapore (SCMP)
- Bloomberg’s Misery Index’s Least Miserable Emerging Markets
- Luckin Coffee is Launching in Singapore, Will it Do Well? (Momentum Asia)
- What Hong Kong Dollar Bond Exposure Means to Investors (The Asset)
- Covid-weary Chinese Millionaires Eye Singapore Amid ‘Chaos and Unpredictability’ at Home (SCMP)
- Moody’s Downgrades Hong Kong’s Rating to Aa2 From Aa1; Raises Outlook to Stable from Negative (Moody’s)
- Buying Stocks in Asia: The Ultimate Guide (InvestAsian)
- Lalatech, the Start-up Behind Lalamove Logistics Service, Files for Hong Kong IPO After Turning its Back on New York (SCMP)
