(Photo: Johannes Eisele/AFP)
Hong Kong is a key cog in the process due to its proximity and financial freedoms.
“Chinese are moving the money offshore because the economy is slowing,” says Andrew Collier, managing director of Hong Kong-based Orient Capital Research.
“The property market in many parts of the country is collapsing… and there’s concern about the anti-corruption campaign and the impact that may have on the safety of capital in China,” he adds.
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