Saturday, July 19, 2025 | 10:52 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Hong Kong millionaires moving cash to Singapore as political crisis lingers

Hong Kong police arrested more than 40 people after attempts to clear the remnants of a mass anti-government march resulted in clashes with demonstrators on Sunday

Riot police fire tear gas to protesters outside the Legislative Council in Hong Kong. | Photo: AP/PTI
premium

Riot police fire tear gas to protesters outside the Legislative Council in Hong Kong. | Photo: AP/PTI

Chanyaporn Chanjaroen and Alfred Liu | Bloomberg
Private bankers are being flooded with inquiries from investors in Hong Kong who are worried about the long-term effects of the political crisis in the Chinese city.

While the Hong Kong government has shelved the controversial law that sparked the latest round of unrest -- one that would have allowed criminal suspects to be transferred to the mainland for trial -- a new tier of wealthy investors are setting up ways to move their money out of the former British colony more quickly, bankers and wealth managers said.

A major Asian wealth manager said it has received a large flow of new