yacht person

noun[in the plural]1

1. •
   (historical) A wealthy émigré from Hong Kong who fled the handover of the colony back to China in 1997, taking their wealth with them to settle elsewhere in the Anglosphere and establish close-knit expatriate communities.

   • As the 1997 deadline approaches, it is expected that more money and immigrants from Hong Kong, particularly "yacht people" (wealthy refugees), will enter Canada, and more New Chinatowns will emerge. — 2011