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Canada now No. 2 emigration destination for China’s rich: report

Canada now No. 2 emigration destination for China’s rich: report

Canada overtook the U.K. for the first time to become the second top emigration destination for China’s rich, according to a well-known poll of the country’s high net worth individuals.

The U.S. remains No.1 choice, but “overall, U.S. cities have seen a fall in favour since the Trump presidency,” according to the annual survey, which was carried out by Hurun Report, a Shanghai-based research group, in association with Visas Consulting Group, a legal service for emigres.

Canada, on the other hand, is only getting more popular. The U.K. now ranks third, with Australia coming in fourth.

The survey, conducted between April and July of this year, focused on Chinese nationals with wealth between US$1.5 million to $30 million (C$1.9 million and $38 million). Participants were asked about plans to emigrate as investors, rather than under other visa categories, such as skilled immigrants. Read more…

Canada now No. 2 emigration destination for China’s rich: report

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