This is why China can never be a global financial hub or have a global reserve currency. Russian oligarchs, Saudi princes, and other shady characters would nev

This is why China can never be a global financial hub or have a global reserve currency. Russian oligarchs, Saudi princes, and other shady characters would never move their money to China for safekeeping. No matter how friendly they are with the Chinese. Move only enough money to do business in China, all extra is moved elsewhere. Without independent courts, separation of powers, ownership is a political privilege.