Beijing leads nation on rich list

Report on the rich in China released

1 pct of the rich are unmarried

Overseas investment destination: Hong Kong, the United States and Singapore
Beijing has the largest number of rich people in China, being home to more than 100,000 high-net-worth families.

The report said there are more than 200 high-net-worth families out of every 10,000 families in Beijing.

The report shows that the private investable assets total more than 73 trillion yuan in 2012, an increase of 14 percent over 2011. As of the end of 2012, it is expected that the number of high-net-worth households (which has investable assets of more than 6 million yuan) will reach 1,740,000, an increase of 17 percent over 2011, with respect to the 2009-2011 compound annual growth rate of 38 percent, the high-net-worth households growth rate slows down radically.

It found that Beijing, Jiangsu, Shanghai, Zhejiang and Guangdong were each home to at least 100,000 rich families in 2012, comprising 40 percent of the high-net-worth families nationwide.

But China's inland regions are seeing faster growth in the number of dollar millionaires than Beijing, the report found but provided no figures.

The number of high-net-worth households in Anhui, Gansu and Hunan rose by 30 percent year-on-year in 2012, but the growth rate for high-net-worth families in Guangdong and Zhejiang was below 10 percent in 2012 due to a drop in business owners' wealth, and companies' operating difficulties.

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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