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Can “China’s Hawaii” become the next big wealth hub?

Sanya Phoenix Island, Hainan

Dubbed “China’s Hawaii” by some for its pleasant tropical and sandy beaches, the resort Island of Hainan is aiming to become a premier wealth management hub, having issued a slew of Qualified Domestic Limited Partnership (QDLP) licences in recent years. However, with heavy regulation and cross-border capital controls, can it take on the likes of rising wealth hubs such as…

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