Matthews Asia: Is The 'Smart Money' Leaving China?

Is The ‘Smart Money’ Leaving China? by Robert Horrocks, PhD, Matthews Asia

Over the past few years, there have been questions about whether the “smart money” is leaving China. For example, high-profile, Hong Kong businessman Li Kashing has been reorganizing his empire to lighten the amount of Chinese property assets he owns, and refocusing on other parts of the world, principally Europe. So, is the smart money leaving? Well, in this case, it is hard to know, as it can be very difficult to separate personal issues from hard-nosed investment decisions or tactical shifts in allocations between regions. In any case, mainland property assets are still a very significant part of Li’s wealth and in some cases, even...