COVID-19 is pushing investors, particularly in North America and Europe, to invest offshore to minimize their tax liabilities, with mainland China increasingly attracting the interest of international investors, according to Wealth Advisor, sourcing data and analytics from GlobalData.
China’s financial markets are more open than before to non-resident investors, both via its connections to Hong Kong, as well as directly. In addition, its bond market boasts relatively attractive rates compared with many Western markets, where the stock of negative-yielding debt continues to pile up.
Andrew Haslip, head of wealth management research at GlobalData, said “During the pandemic, less established booking centers in Greater China did better, namely the mainland itself. A successful pandemic response, offshore investor c
