Grand exodus: this Asean country offers wealth management to those fleeing China and beyond



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People are fleeing China, whether the ultra-high-net-worth individuals, rich Chinese people, or ordinary citizens. They are studying various immigration channels to immigrate to the free world. Singapore is taking advantage of the China exodus and offers Chinese billionaires wealth management solutions through family office structures. Will the Beijing authorities stop the grand exodus?
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References:
Chinese References:

https://zh.wikipedia.org/zh-hant/%E6%B6%A6%E5%AD%A6 https://news.creaders.net/china/2022/05/10/2481985.html https://www.redants.sg/perspective/story20210514-5158 https://www.redants.sg/good-reads/story20190829-3113 https://www.epochtimes.com/gb/22/6/10/n13756795.htm

English References:

https://www.livemint.com/companies/people/singapore-has-a-new-richest-person-with-20-billion-fortune-11630373135370.html#:~:text=Forrest%20Li%2C%20Sea%20Ltd.',shares%20of%20his%20company%20surged. https://www.aseanbriefing.com/news/new-criteria-for-family-offices-in-singapore-to-receive-tax-incentives/#:~:text=Family%20offices%20under%20the%20S13O%20scheme%20must%20incur%20a%20minimum,the%20value%20of%20the%20AUM.&text=The%20type%20of%20expenditures%20includes,%2C%20and%20remuneration%2C%20among%20others.

https://www.sovereigngroup.com/news/news-and-views/setting-up-a-single-family-office-sfo-in-singapore/ https://www.reuters.com/business/finance/ant-group-launches-digital-bank-anext-singapore-2022-06-06/

https://www.protocol.com/china/china-crypto-exodus-singapore

https://www.penews.com/articles/co-founders-of-chinese-private-equity-firm-boyu-build-singapore-base-20210226 https://www.cnbc.com/2022/05/27/people-are-leaving-hong-kong-and-here-is-where-they-are-going.html

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Category
Management
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