A significant number of wealthy individuals are leaving both China and the UK, driven by various economic pressures and policy changes. In China, the exodus is largely due to a sliding yuan and extensive outflows of cash from the mainland into Hong Kong. This trend indicates that Chinese domestic investors are losing confidence in immediate economic recovery. Meanwhile, in the UK, increasing taxes are prompting millionaires and wealthy foreigners to relocate, with thousands fleeing Britain. Singapore is also losing its rich residents to Hong Kong in the rush to establish family offices.
Wealthy foreigners step up plans to leave UK as taxes increase https://t.co/2AxxJAhrRN
Financial Times: Rich foreigners turn away from UK #TomorrowsPapersToday https://t.co/wjijKusGIz
China’s super-rich are eyeing the exit https://t.co/W1Gqpylem3 | opinion
China’s super-rich are eyeing the exit https://t.co/qlLST3gjsf
Millionaires are fleeing Britain in their thousands https://t.co/wEa0wXxIJ2 via @CNN
🔵 ANALYSIS-CASH IS LEAVING CHINA AGAIN, PRESSURING YUAN A sliding yuan and extensive outflows of cash from the mainland into Hong Kong show China's domestic investors are shelving expectations for any immediate recovery in their home markets and fleeing to the closest… https://t.co/urAY1pBOFr
Millionaires are fleeing Britain in their thousands https://t.co/ffvqSN2TJU via @CNNBusiness
NEW: The Wealthy Are Fleeing London. Here's Why... https://t.co/eQbQYPFOEN
Singapore loses China's rich to Hong Kong in family office rush https://t.co/Z73FgQ43qs