Chinese Flock to Asias Switz Singapore FT 01-16-23 Another aspect of capital flowing out of Hong Kong and mainland China.
Also, The NYT on January 19 had a similar story, “Entrepreneurs Flee China’s Heavy Hand.” Weary of crackdowns and lockdowns, businesspeople are moving out of China and taking their wealth with them. Many have found a new home in Singapore.
Retired 2020 from the US Dept of Commerce as Financial Analyst and Brownfields Coordinator. Held various positions in Treasury and Dept of Commerce from 1978 to 2020 but mostly in troubled loan workouts and liquidations, and later in the remediation of foreclosed contaminated properties. Also, labor-mgt roles on both sides of the table.
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