- Taiwan's wealthy individuals are moving their money overseas in fear of a potential conflict with China.
- Some Taiwanese are investing in highly portable assets like art and diamonds that can be easily moved in the event of a war.
- Wealthy individuals connected to Taiwan's ruling Democratic Progressive party are driving the push to diversify assets.
- Taiwan has long had a high proportion of wealth held in offshore tax havens.
- Taiwanese companies are shifting manufacturing away from China and relocating private assets held offshore.
‘People are nervous’: Taiwan’s wealthy shelter money overseas in fear of China conflict
Geopolitical tensions and crackdown on longstanding offshore holdings trigger shift into portable assets
Kathrin Hille
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