Thursday, March 3, 2016

A Handy Guide To Getting Your Money Out of China

From FT Alphaville:

So you want to get your money out of China? Cut out and keep edition
You’re a rich Party official go-getter on the Chinese mainland, with an eye on how much the renminbi might fall over the next year.

You know there’s a very decent chance that capital controls are going to be tightened up soon.
You know that at the moment you can still get your capital out of China — even if it’s a bit more than the annually permitted $50,000 per person — and that it’s probably going to cost you to do so.
But you don’t want to pay over the odds. After all, you didn’t get wealthy paying more for services than you had to.

Well… Good news. Bernstein’s Michael Parker and team have your back:
Bernstein are here to help you learn “how to turn a small fortune in China into a (slightly) smaller fortune elsewhere”. Click chart to enlarge....
...MUCH MORE, including some interesting accounting entries.