Australia sees rush of Hong Kong millionaires amid unrest Thu, Aug 22, 2019 - 2:49 PM The New South Wales state migration department "has noticed a significant increase in applications" from Hong Kong in recent months, it said in a letter to agents this week, and seen by Reuters. One Hong Kong private banker said the majority of the new queries he receives aren’t coming from the super-rich, most of whom already have alternative destinations for their money, but from individuals with assets in the US$10 million to US$20 million ($13.6 million to $27.2 million) range. Hong Kong turmoil has millionaires eyeing other wealth centres like Singapore, say private bankers. The South Bay Beach is one of the most chosen destinations for Hong Kong junk goers. Hong Kong now has more multimillionaires than New York, as the world's wealth-creation machine moves East and China's big cities are minting millionaires at a record pace, according to a new report. South Bay Beach is a great alternative to the more popular and crowded beaches in the area and although this is still a popular junk trip destination you can still have plenty of space and the are is glass flat at times for wakeboarding and banana boating, a popular add on for junk trips. Nervous Hong Kong Millionaires Are Moving Their Cash to Singapore Chanyaporn Chanjaroen and Alfred Liu. BP to cut 10,000 jobs. 15/7/2019. SG could re-open practically entire economy by month-end Hong Kong police arrested more than 40 people after attempts to clear the remnants of a mass anti-government march resulted in clashes with demonstrators on Sunday. According to Wealth-X's Billionaire Census 2019 report, which was released on May 9, global billionaire wealth has shrunk in 2018 with Asia-Pacific posting the largest decline at 13.4 percent..
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