China has an estimated 10.7 million migrants living abroad, with many wealthy citizens looking to gain residency in a second country to safeguard family and financial assets. Photo: Reuters
China has an estimated 10.7 million migrants living abroad, with many wealthy citizens looking to gain residency in a second country to safeguard family and financial assets. Photo: Reuters

China’s rich face million dollar question: stay and risk losing assets, or face the coronavirus abroad?

  • The number of rich Chinese moving abroad to safeguard their financial assets has grown in recent years
  • Concern about asset seizures has stoked enquiries about obtaining foreign citizenship, immigration consultants say

China has an estimated 10.7 million migrants living abroad, with many wealthy citizens looking to gain residency in a second country to safeguard family and financial assets. Photo: Reuters
China has an estimated 10.7 million migrants living abroad, with many wealthy citizens looking to gain residency in a second country to safeguard family and financial assets. Photo: Reuters
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