Geopolitical uncertainty has prompted the move of global wealth. Intensifying the power struggle within the China Communist Party (CCP), the crackdown on democracy and human rights in Hong Kong have turned both places into a region with a large outflow of tycoons.
It is projected that the net outflow of high net worth individuals (HNWI) in the world this year would be the highest in Russia and mainland China, both exceeding 10,000, Hong Kong would rank number four with 3,000 and India would be the third, according to the latest “Henley Global Citizenship Report” released by Henley & Partners, a global migration and investment consulting firm on June 13, 2022.
