Where did the money go after the executives of listed companies reduced their holdings?

They still want to fight against the local tyrants and harvest the rich. Look at the immigration data of the rich in China in 23 years. They all ran away.

This era is not the past era. In the past era, land was the main form of wealth. Land could not be taken away, so the local tyrants could be fought and the land was divided. In this era, wealth is Singapore dollars, US dollars, Hong Kong dollars, and virtual currencies, which can be transferred.