China NewsChina Business & Economy

Chinese Shareholders Rush to ‘Cash Out’ as CCP Tries to Prevent Capital Flight

Save
Chinese Shareholders Rush to ‘Cash Out’ as CCP Tries to Prevent Capital Flight
An Air China Boeing 737-800 sits on the tarmac of Beijing Capital International Airport, in Beijing, China, on March 28, 2021. China's rich are increasingly seeking to leave the country, taking their wealth with them. Carlos Garcia Rawlins/Reuters
David Chu
Olivia Li
Updated:
0:00
News Analysis

Guangdong DP Co., Jinke Property Group, and Country Garden Service Holdings all announced massive stock sell-offs in November and December. The Chinese companies are just the latest to announce major sell-offs. Experts speculate that the stock sales are part of an increasing trend by China’s super wealthy to cash out and leave the country.

David Chu is a London-based journalist who has been working in the financial sector for almost 30 years in major cities in China and abroad, including South Korea, Thailand, and other Southeast Asian countries. He was born in a family specializing in Traditional Chinese Medicine and has a background in ancient Chinese literature.
Related Topics