Chinese investors' rush for offshore assets spurs Hong Kong wealth inflows

Chinese investors' rush for offshore assets spurs Hong Kong wealth inflows

FILE PHOTO: A man walks by the waterfront with skyline buildings across Victoria Harbor in Hong Kong, China October 24, 2023. REUTERS/Tyrone Siu/File Photo

Hong Kong investment products such as insurance and high-yield time deposits are seeing resurgent demand from wealthy Chinese who are aiming to shield returns from a domestic economic and property sector downturn and also a weaker currency.