Overseas investment destination: Hong Kong, the United States and Singapore

Report on the rich in China released

Beijing leads nation on rich list

1 pct of the rich are unmarried
In 2012, the assets of the wealthy Chinese accelerate moving overseas. The proportion of people with overseas assets reached 25 percent, increasing by 8 percentage points more than in 2011.

Wealthy Chinese overseas prefer purchase of real estate and stocks. Viewed from the use of offshore financial penetration, Sichuan, Guangdong and other regions were significantly higher than the market average. The absolute number of high net worth clients in Beijing is high, but the use of offshore financial is relatively low, so there is a large market potential.

In terms of choice of overseas investment destinations, Hong Kong, the United States and Canada are the main choices of high net worth clients. These three places absorb 60 percent of the overseas assets of high net worth clients.

Driving factors for high net worth customers choose Hong Kong, the United States and Switzerland as offshore wealth management destination are immigration and their children studying abroad, as well as increasing the value of assets, while core purpose of choosing Switzerland is the preservation, appreciation, security and privacy of the assets.

Edited and translated by Huang Beibei, People's Daily Online

Read the Chinese version:揭秘中国富人地图
Source: China Economic Weekly
Author:Liu Yonggang

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