It's interesting to note that China's capital controls make it illegal for any Chinese national to purchase greater than $50,000 in foreign currency per year wi

It's interesting to note that China's capital controls make it illegal for any Chinese national to purchase greater than $50,000 in foreign currency per year without explicit government approval, and thus many of these purchases require illegal asset transfers and money laundering (although some domestic banks offer legally murky services [1]) Popular methods methods include Macau casinos and high-end art.[2][3] By some estimates, between $1 trillion and $4 trillion in untraced assets have left China since 2000.[4] Chinese buyers are also the largest group of foreign investors in residential property in the UK and Australia.[5] [1] http://www.scmp.com/business/banking-finance/article/1550351/bank-china-laundering-money-would-be-emigrants-cctv-reports http://www.scmp.com/business/banking-finance/article/1550351... [2] http://money.cnn.com/2014/02/20/news/economy/china-art-laundering/index.html http://money.cnn.com/2014/02/20/news/economy/china-art-laund... [3] http://qz.com/19712/how-chinas-elite-illicitly-move-their-money-offshore/ http://qz.com/19712/how-chinas-elite-illicitly-move-their-mo... [4] http://www.icij.org/offshore/leaked-records-reveal-offshore-holdings-chinas-elite http://www.icij.org/offshore/leaked-records-reveal-offshore-... [5] http://www.ft.com/cms/s/0/fcc2d346-bcd3-11e4-9902-00144feab7de.html http://www.ft.com/cms/s/0/fcc2d346-bcd3-11e4-9902-00144feab7...