China millionaire exodus to continue this year: report

Emigration forecast to reach 13,500 as Xi clamps down, economy slows

PAK YIU, Nikkei staff writer

HONG KONG -- An exodus of Chinese millionaires is expected to continue this year, according to a new report by investment migration consultancy Henley & Partners, as the economy slows and the government tightens political controls.

China is expected to see a net outflow of 13,500 high net worth individuals this year, extending the loss of millionaires in the past decade, according to the Henley Private Wealth Migration Report.

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