Investors Overreacting, page-11

And to answer your question regards funding, Chinese guests aren't facillitated. They already have their money offshore via Singapore, a jurisdiction that has massively facilitated the efforts of Chinese nationals to extract funds from mainland China over the last 10 years. The process is remarkably simple. By setting up a Singapore company that receives the revenue from exports overseas from mainland China, only a fraction of those funds actually make it back to China itself. The majority of those funds that remain in Singapore are marked as investments in overseas "investments" and "companies" for further growth.