Despite regulatory crackdown, Chinese investors look to Hong Kong, US to diversify

Around half of Chinese investors with assets over 1 million yuan (US$147,703) plan to increase their investments in Hong Kong and the United States over the next 12 months to diversify their portfolios, despite Beijing’s crackdown on cross-border brokerages, according to a new survey. The findings come after the DBS Treasures Affluent Investor Survey polled 1,617 individuals in Hong Kong and mainland China with at least HK$1 million (US$127,525) or 1 million yuan in assets in their respective...