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CX Daily: Why China’s Banks Are Hunting for Fortunes Stashed Abroad

Published: Aug. 7, 2025 9:20 a.m. GMT+8

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In Depth: Why China’s banks are hunting for fortunes stashed abroad

Behind the gates of an opulent mansion in Vancouver, San Francisco or Sydney, a wealthy Chinese individual lives a life of quiet opulence, his wealth secured in offshore accounts and real estate. Meanwhile, back in China, his business empire has collapsed and has defaulted on its debts, leaving creditors nursing heavy losses as they try to recover their capital.

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