China millionaire exodus is largest in the worldChina is expected to see a net outflow of 13,500 high-net-worth individuals in 2023, while Hong Kong will have an outflow of about 1,000.
Those with investable wealth of US$1 million (HK$7.8 million) or more.
India follows with an outflow of 6,500 individuals and the UK ranks third with a net loss of 3,200 individuals.
In recent years, the policy of "common prosperity" in China has led to an increasing number of entrepreneurs seeking more favorable environments like Singapore or establishing contingency plans. Additionally, previous Covid-19 restrictions provided further motivation for the wealthy to consider living abroad.
Source: The Standard
https://www.thestandard.com.hk/section- ... -the-world
It's all about "how much you made when you were right" & "how little you lost when you were wrong"