![]() ![]() “People are nervous,” says C Y Huang, a veteran Taiwanese investment banker and financial adviser. As China ratchets up its military intimidation campaign against Taiwan, and foreign governments grow concerned Beijing might attack the island it claims as its own, some Taiwanese are quietly exploring options to protect their wealth and prepare a way out. The “just in case” scenario the young banker is referring to is war. “It is prudent to put some of our money outside Taiwan and to have a place where we can go, just in case.” “We had to get the application in before Portugal ended the programme,” explains Lynn, who asked to be identified only by her first name. ![]() Everything was handled through a Portuguese agent, who also submitted the paperwork for a golden visa for her family. ![]() But, in February, she spent a large part of her savings on a €420,000 flat in Lisbon - without even seeing the property. Lynn, a Taiwanese stock trader, has never been to Europe. Making the call: The threat of a Chinese attack has become more openly acknowledged, and even the middle rich in Taiwan are now considering placing assets overseas © Noel Celis/AFP via Getty Images ![]()
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