Hong Kong’s Rich Are Preparing for a Worst-Case Scenario

Hong Kong’s Rich Are Preparing for a Worst-Case ScenarioJun.14 — Hong Kong seems to have avoided a wave of capital outflows that many feared after Beijing moved to impose a national security law on the city, but there is still growing anecdotal evidence that the city’s rich are increasingly hedging their bets by opening offshore bank accounts and applying for alternative passports. Bloomberg’s Eric Lam reports on “Bloomberg Markets: China Open.”

from Yahoo Finance https://ift.tt/2MXiK2f

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *