The China-born cohort among New Zealand's ethnic Chinese constitutes 35% of the total of over 100,000 ethnic Chinese in the most recent census of 2001. It is the single largest group, out-stripping the local born and totally vershadowing the immigrant Chinese groups born in other diasporic centers. In recent years, immigrants from the People’s Republic of China (PRC) have shown a strong tendency of return migration and transnationalism. This paper will explore the circulatory movements of this group, highlighting various social indicators as a pointer to their relative attachment to their sending country and host country respectively. The paper uses the China-born specific data1 of the latest New Zealand census as background. Primary research data is derived from a two-part field study, first in New Zealand (the settlement country) and then in China (the country of origin). One hundred respondents, drawn from the snowballing sampling method, were interviewed in Auckland. It was found that while the immigrants maintained close links with China, few of them remitted money back. While community links are reasonably strong, few relied on fellow Chinese for their first job. Two rounds of in-depth qualitative interviews were carried out in China on ten respondents who returned from New Zealand. Questions were asked to ascertain their motivation for returning, their experience of re-entry, and what their future intentions might be. This article will look particularly at the returnees’ sense of identity and affinity with both their countries of origin and adoption, and to find out about their self-perceived roles in an increasingly globalized world.