China’s super wealthy couples are turning to divorce as a way to cash out stock and avoid tough sales restrictions. A slew of high-profile splits—nicknamed “sky-high divorces” because they are tied to high stock prices—have made the news recently, with massive quantities of stock changing hands in divorce settlements.
Analysts say corporate shareholders are employing the strategy for a variety of reasons, including the shaky state of the Chinese economy and the iron grip of Chinese leader Xi Jinping. The communist leader’s “common prosperity” mantra has caused many wealthy Chinese to fear for both their financial and personal safety.
