China faces world’s biggest millionaire exodus as economy slows: Report
China is estimated to lose 13,500 high-net-worth individuals with investable wealth of more than US$1 million
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China is estimated to lose 13,500 high-net-worth individuals with investable wealth of more than US$1 million
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Although the outflow of HNWIs from India is notable, experts believe that it should not be a cause for major concern.
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While the annual exodus of US-dollar millionaires is nothing new for China, the conditions under which they are now leaving are unique and raising red flags
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Millionaires are fleeing China at a faster pace as the post-COVID economic rebound fizzles.
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Nation to see net outflow of 13,500 in 2023: Henley & Partners
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China’s prolonged Covid restrictions and “common prosperity” policy have been cited as reasons for wealthy people leaving the country.
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Australia, UAE and Singapore are the main hubs attracting high net wealth individuals
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UK Set to Suffer Bigger Net Exodus of Millionaires than Russia in 2023.
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Emigration forecast to reach 13,500 as Xi clamps down, economy slows
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New report discovers the countries that are attracting wealthy people, and those that are losing them fastest
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Emirates is currently home to 109,900 millionaires with $1 million-plus wealth, 298 centi-millionaires with $100 million-plus assets and 20 billionaires
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Australia reclaims the top spot in drawing the highest number of wealthy individuals, report finds
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Sarah Nicklin
sarah.nicklin@henleyglobal.com
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