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Wealthy Chinese look to boost overseas holdings

China’s wobbly response to the bursting of its share market bubble, the devaluation of the renminbi and the mystery over the true health of the economy continue to spook investors.

But China’s wealthiest know what to do in these bewildering times: get some of their money out.

More than 60 per cent of wealthy Chinese surveyed by FT Confidential, an investment research service at the FT, in July said they planned to increase their overseas holdings in the next two years.

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