A recent report of China Fortune 2012 showed that Beijing, Tianjin, Shanghai, Zhejiang and Guangdong have a high density of high-net-worth households and Liaoning, Shanxi, Jiangsu, Fujian and Hainan have topped over the national average in Chinese wealthy families.

High-net-worth individuals (HNWIs) are defined by those with more than 6 million yuan of assets which can be invested as high net worth individuals.

In Beijing, the number of high-net-worth households with average investable assets worth more than 30 million yuan exceeds 200, putting it in the top position among domestic cities. While other cities like Tibet, Guizhou and Henan with the lowest concentration have only just reached 20.

At present, China’s HNWIs mainly reside in the southeast coastal provinces and cities including Guangdong, Beijing, Shanghai, Jiangsu and Zhejiang.

According to the study, in contrast, the underdeveloped central-western inland regions such as Anhui and Gansu are showing significant growth potential, and report a 30% increase in wealthy families.

 
SOURCE: WOS Team
 
Editorial Message  
News translation appearing here is the property of www.whatsonsanya.com, however, for those who wish to copy the contents in part or in full, please make reference and link the article copied to our site. Whatsonsanya.com does not necessarily endorse their views or the accuracy of their content. For copyright infringement issues please contact editor@whatsonsanya.com