Density of rich people in Hainan above national average: report
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.