China’s millionaires fleeing repression and a stagnant economy
The “Henley Private Wealth Migration Report 2023” shows that Chinese tycoons are leaving in droves, giving China top spot for net outflow of high net worth individuals. After an economic boom that lasted between 2000 and 2017, China’s high-tech sector faces uncertainties because of Xi Jinping's policies. Singapore is the preferred destination in Asia. The quest for freedom and rights is a major factor behind the exodus.









