“Billions of dollars are flowing out of Chinese markets in a ‘seismic’ change in capital flows despite a flurry of actions to shore up confidence”
August 29, 2023
“…Despite the moves, foreign investors continue to flee Chinese markets. With Beijing cracking down on foreign consulting firms amid tensions between the U.S. and China and repeatedly requiring investment firms to avoid selling stocks when markets look shaky, investors seem increasingly nervous about the risks of holding capital in China…
In a wider sign that China is becoming a less friendly place for investors, Chinese millionaires are leaving the country in droves amid a regulatory crackdown against large private companies. The country will lose a record 13,500 millionaires this year, according to an estimate from migration consulting firm Henley & Partners’ new Private Wealth Migration Report. That follows the loss of around 10,800 millionaires in 2022…”
https://finance.yahoo.com/news/billions-dollars-flowing-chinese-markets-213851348.html