Chinese Mainland Savers Rush to Hong Kong to Capitalize on Higher Returns, Less Risk

Hong Kong has become a hot destination for Chinese mainlanders to park their money as a turbulent onshore capital market has led many to hunt for lower-risk investments overseas.

Hong Kong recorded almost 8 million visits from the mainland in the first five months of this year, up from fewer than 30,000 in the same period in 2022. The border between the two regions fully reopened earlier this year.