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Amused observer

10,600 Posts.

94

18/10/16

21:19

Post #: 19951454
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Originally posted by stillade ↑

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.

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Singapore....the jewel of the SE Asia and the money power house of the region with aspirations of displacing Hong Kong after 1997. It is well on its way of achieving it, talk about a small island country punching well above its weight albeit on the back of some "colourful" financial history. Reminds me of New Zealand to some degree, another small island country that punches well above its weight.

CWN Price at posting: $11.34 Sentiment: None Disclosure: Not Held
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