China's Wealthy Seeking Global Business Investments Amid Growing Overseas Opportunities

06 Sep, 2024

China's Wealthy Seeking Global Business Investments Amid Growing Overseas Opportunities

China’s wealthy are increasingly pursuing business opportunities abroad rather than focusing solely on investment returns. According to asset managers and consultants, this year has seen a significant rise in Chinese family offices looking to acquire smaller businesses, particularly in Japan. This trend is driven by slower growth in China and a weaker Japanese yen. Wealth managers such as Grant Pan of Noah Holdings have observed that Chinese entrepreneurs are aiming to globalize their businesses.

In addition to traditional investments, China’s C-suite executives are using business jets more frequently to explore overseas opportunities. Companies like ExecuJet Haite have expanded their services to accommodate this demand, including opening a new service center at Beijing Daxing International Airport.

This shift toward global business ventures reflects China’s evolving economy, where domestic market slowdowns have prompted affluent individuals to seek growth opportunities outside the mainland. Many Chinese entrepreneurs are setting up alternative offices and residences in places like Hong Kong, Singapore, and Japan to better manage their global assets. This movement is expected to continue as Chinese companies focus on international expansion and affluent individuals look for new ways to safeguard and grow their wealth abroad.