Rich China tycoons park family offices in S'pore

In the third of a six-part BT-Lianhe Zaobao series on China capital flows to Asean, we look at why Singapore is a popular base for wealthy Chinese to manage their offshore assets

Published Mon, May 31, 2021 · 05:50 AM

China

Singapore

MAEGAN Zhao, 37, came to Singapore with her young son three years ago to assess its living and education environment. She decided to enrol him in United World College, where he will start studying next year.

Ms Zhao's family is involved in the business of private equity and mergers and acquisitions. A large part of their investments are focused on opportunities in Beijing and Shenzhen, with property holdings in Hong Kong as well.