Chinese Entrepreneurs Are Leaving China

China’s rich, primarily driven by a sense of insecurity, are taking money out of their country.  Many are actually preparing to move elsewhere. According to a new study, almost 60% of China’s “high net worth individuals,” defined as those possessing more than 10 million yuan in investable assets, are either considering emigration through investment programs or are completing the emigration process.  The survey, conducted by China Merchants Bank and Bain & Co., also reports that 27% of those with more than 100 million yuan in investable assets have already emigrated and 47% of them are thinking about leaving the Motherland. The stunning results correspond to reports that the U.S. Treasury unit monitoring illegal money flows has, since the beginning of last summer, detected a surge in hidden cash transfers out of China.“We can only hope the rich people stay out of patriotism,” says Xia Xueluan of Peking University.  Patriotism, these days, may be the only thing keeping Chinese entrepreneurs in China.nd, from the look of things, it is not enough.  The country’s wealthy are going on shopping tours for U.S. real estate and, if they have not done so already, are moving their families abroad.  There has, in the last five years, been a 73% increase in Chinese investment immigrants to the United States.  Countries, like Canada, are raising their minimum investment requirements for investment-immigrant candidates due to the sheer size of the tide of Chinese cash. Chinese cash is largely responsible for the third wave of buying from Asia into Vancouver.  In an “unprecedented” surge of business for brokerages in that city in February, Chinese buyers snapped up homes, townhouses, and condominiums as sales skyrocketed 70% over the preceding month.