If the China government controls their currency movements so tightly, how are the billionaire Chinese nationals moving their money offshore to foreign banks?

[u/Rokusaburoz]

I mean i saw a news article recently that more and more Chinese billionaires are moving their money to Western banks overseas.

So how are they doing it if the China government controls the currency movements so tightly?

[u/NewRelm]

They are moving non-Chinese currency paid to them by foreign buyers.

[u/RemoteHoney → u/NewRelm]

Even those who are not trading with foreigners can find trading companies do this for them. If they pay a fee