In the 1990s, wealthy Chinese began moving money through Hong Kong to the British Virgin Islands (BVI). Some did so for financial or tax reasons, but others were motivated by fear that the Chinese government would seize their assets. Hong Kongers worried when, in 1997, the former British colony was returned to Chinese control. Capital flight to offshore financial centers has been common among the Chinese elite, including those
All access premium subscription
Please Log in if you are currently a Trusts & Estates subscriber.
If you are interested in becoming a subscriber with unlimited article access, please select Subscription Options below.
Questions about your account or how to access content?
Contact: [email protected]
0 comments
Hide comments
