More and more wealthy Chinese migrants are moving, with their cash, to Dubai

A stagnant economy at home and America’s use of financial sanctions is pushing some to diversify their holdings. 

Many private investors are looking beyond Singapore, long favoured by China’s rich-listers, in search of another sunny, safe and low-tax jurisdiction.  

According to China’s own estimates, 370,000 of its citizens live in the UAE. More than 15,000 of its firms operate there.

Both figures have roughly doubled since 2019.

For globetrotting Chinese the lesson is clear: nowhere is entirely safe from Western sanctions, but Dubai is a safer place than most.

The Economist February 15, 2026 

https://www.economist.com/china/2026/02/15/dubais-crazy-rich-chinese


Almost 20 per cent of banks’ cross-border dollar funding is now supplied by entities based in the Cayman Islands

https://englundmacro.blogspot.com/2021/12/a-sunny-place-for-shady-online-business.html


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