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 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 economy
Economy /  China Economy

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

Topic |   China economy
He Huifeng
He Huifeng in Guangdong

Updated: 11:14pm, 31 Dec, 2020

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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 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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