Rich Chinese Migrating To Australia

Give us your tired, your super-rich, your huddled millionaires.

This is the new clarion call among countries that are lifting their beacons to the mass numbers of wealthy Chinese fleeing their country.

More than half of all Chinese multimillionaires have either left or plan to emigrate, according to surveys. Countries around the world are lining up to attract them, creating a growing business and economy around selling them residency.

Australia said Tuesday that a new visa program aimed at the wealthy—the “significant investor” initiative—has received overwhelming response, with Chinese nationals accounting for over 90 percent of the 545 applications.


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Mingze Wu

Mingze Wu

Currency Analyst at Market Pulse
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu