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Map Shows Exodus Of China Millionaires

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China could see more than 15,000 high net worth individuals leave in 2024.

China will see a record-breaking exodus of millionaires in 2024, according to a recent report.Data from New World Wealth cited in a report by investment migration consultancy firm Henley & Partners projected a 15,200 net outflow of millionaires in 2024, up from last year's figures of 13,800, amid an uneven post-pandemic economic recovery in China.

Henley & Partners defines a safe haven country as a sovereign state with high levels of safety and security that remains largely shielded from the world's political and economic problems.They list the eight safe haven countries as Australia, Malta, Mauritius, Monaco, Singapore, Switzerland, the UAE, and New Zealand.According to Henley & Partners, these countries all share the following characteristics: Foreign born migrants make up over 40 percent of the millionaire population.

 

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