China’s crackdown on offshore brokerages will see wealthy Chinese families increasingly resort to alternative channels, such as e-commerce, to move wealth offshore, Justin Choy, chief investment officer and responsible officer at Youxfort Family Office, told Asian Private Banker. Justin Choy, Youxfort Family Office “Currently, for Chinese high net worth individuals, the most difficult challenge is figuring out how to move…
How China’s UHNWs are navigating capital controls amid brokerage crackdown
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