Confidence in #China's #economy and the #yuan is cracking.

"Noah Holdings said in an emailed statement that #OffshoreInsurance is a convenient tool for global asset allocation, while #HongKong’s location makes it a natural destination for mainland investors."

Chinese rush to buy Hong Kong insurance, dollars as confidence cracks | Inquirer Business
https://business.inquirer.net/408826/chinese-rush-to-buy-hong-kong-insurance-dollars-as-confidence-cracks