11–20 of 270 posts
It's my opinion there are generally 4 kinds of Chinese UHNWIs: 1. Mainland with no interest in foreign investment 2. Mainland mostly with some foreign investments 3. Split between mainland and foreign 4. Trying to move mostly foreign while keeping some in mainland (generally to take care of family or business concerns back home) In the US as a more stable asset haven, hot real estate markets are usually where large p…
Meanwhile, China’s ruling party is intent on attracting inbound foreign capital. Somehow i think that may be a challenge. There may be money to be made in China, but if you never know if you can get it out thats going to put a damper on things.
Seems like fairly easily dealt with by foreign big capital kind of money. They can just buy some commodity with their chinese cash, export it as a trade good, then import it in the country of choice and sell it and deposit it in their account. Sure you may lose 20% of profits in the process but that's probably ok if you're getting access to an untapped market.
It's my opinion there are generally 4 kinds of Chinese UHNWIs: 1. Mainland with no interest in foreign investment 2. Mainland mostly with some foreign investments 3. Split between mainland and foreign 4. Trying to move mostly foreign while keeping some in mainland (generally to take care of family or business concerns back home) In the US as a more stable asset haven, hot real estate markets are usually where large p…
What’s a UHNWI?
It's my opinion there are generally 4 kinds of Chinese UHNWIs: 1. Mainland with no interest in foreign investment 2. Mainland mostly with some foreign investments 3. Split between mainland and foreign 4. Trying to move mostly foreign while keeping some in mainland (generally to take care of family or business concerns back home) In the US as a more stable asset haven, hot real estate markets are usually where large p…
Also where do you get this information from?
It's my opinion there are generally 4 kinds of Chinese UHNWIs: 1. Mainland with no interest in foreign investment 2. Mainland mostly with some foreign investments 3. Split between mainland and foreign 4. Trying to move mostly foreign while keeping some in mainland (generally to take care of family or business concerns back home) In the US as a more stable asset haven, hot real estate markets are usually where large p…
Earlier quoted context omitted.
Seems like fairly easily dealt with by foreign big capital kind of money. They can just buy some commodity with their chinese cash, export it as a trade good, then import it in the country of choice and sell it and deposit it in their account. Sure you may lose 20% of profits in the process but that's probably ok if you're getting access to an untapped market.
Sales doesn't go up suddenly just because you import extra to sell
I wonder what the billionaires do to get their money out? Do they pay people to travel with jewellery that gets sold for foreign currency once it's outside China? Do they overpay for imported goods and get the difference paid into a Swiss bank account? It's always interesting to me how really wealthy people pay for loopholes
There’s various ways they can fund their children’s business ventures (passion projects) overseas without expecting it to ever turn a profit.
With the nepotism in Asia, it doesn’t really matter what degree the children of the elite gets, but more school is always viewed as favorable, possibly even moreso than practical work experience sometimes. This is why you see a proliferation of masters and graduate programs in the United States that don’t require GRE or standardized exams. Obviously it’s a different story for the employment seeking middle class.
To your point, it’s not uncommon or a bad idea for the student to study the arts or art history degree either.
It's my opinion there are generally 4 kinds of Chinese UHNWIs: 1. Mainland with no interest in foreign investment 2. Mainland mostly with some foreign investments 3. Split between mainland and foreign 4. Trying to move mostly foreign while keeping some in mainland (generally to take care of family or business concerns back home) In the US as a more stable asset haven, hot real estate markets are usually where large p…
I mean technically people can’t own land in China, they’re just leasing it from the government. This assumption has been baked into real estate prices but people bid it up anyways.
I wonder what the billionaires do to get their money out? Do they pay people to travel with jewellery that gets sold for foreign currency once it's outside China? Do they overpay for imported goods and get the difference paid into a Swiss bank account? It's always interesting to me how really wealthy people pay for loopholes
Another way is 'business' investments in other SE Asian countries, that then get liquidated and moved further abroad. China does a lot of business with S. Korea for example. If you have an export company, and China exports a lot, you can hold a portion of the foreign earnings abroad and just keep them there.
Meanwhile, China’s ruling party is intent on attracting inbound foreign capital. Somehow i think that may be a challenge. There may be money to be made in China, but if you never know if you can get it out thats going to put a damper on things.
I'm not so sure about that. China has brought a lot of US debt https://www.ey.com/en_cn/china-overseas-investment-network/o...