China s super-rich relocate their wealth and partying to Singapore bolnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bolnews.com Daily Mail and Mail on Sunday newspapers.
Singapore is seeing an influx of ultra-wealthy families from China looking to protect their wealth from a Communist Party that increasingly views them with suspicion.
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Some ultra-rich are making backup plans to move cash, firms and loved ones to the city state, after Nato held its first dedicated debate on the threat Beijing poses to the self-ruled island.
There was relative calm among many residents when the Chinese military staged large-scale drills around Taiwan in August, following US House Speaker Nancy Pelosi's visit to the self-ruled island. But while most people did not believe a full-blown conflict was imminent, the threat of war had become too real for some wealthy Taiwanese families. Some have since been finalising exit.