China's mega-rich move their wealth, and partying, to Singapore

China’s mega-rich move wealth, partying to Singapore

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China's mega-rich move their wealth — and parties — to Singapore

Singapore is seeing an influx of ultra-wealthy families from China looking to protect their wealth from a Communist Party that increasingly views them with suspicion.

China's mega-rich move their wealth, and partying, to Singapore

Singapore is increasingly viewed as a home rather than just a backup plan for ultra high-net-worth Chinese clients, as this is where their "family wealth is kept safe", say industry insiders.

Why China’s mega-rich are moving to Singapore’s safe haven

Beijing’s crackdowns on tech billionaires and tax-shy celebrities, plus three years of zero-Covid, have led many affluent Chinese to relocate to the city state, where some are shelling out US$800,000 for a bottle of whisky and US$670,000 a year for a club membership.

China's mega-rich move their wealth, and partying, to Singapore

Singapore is seeing an influx of ultra-wealthy families from China looking to protect their wealth from a Communist Party that increasingly views them with suspicion.Beijing's recent crackdowns on...

China's mega-rich move their wealth, and partying, to Singapore

Rest of World News: Beijing's recent crackdowns on tech billionaires and tax-shy celebrities, as well as three years of zero-Covid, have led many rich Chinese to look for