China home to growing numbers of super rich

0 CommentsPrint E-mail Shanghai Daily, December 29, 2010
Adjust font size:

The number of super rich on China's mainland is expected to rise 16 percent this year thanks to the booming capital and property markets.

The mainland is estimated to have 383,000 individuals of high net worth this year, compared to 331,000 in 2009, according to the China Private Wealth Report 2010 released yesterday by Forbes China in association with China Construction Bank.

The report defines high net worth individuals as those with at least 10 million yuan (US$1.5 million) in investable assets, which excludes primary residences and assets of poor liquidity.

The number of such people on the Chinese mainland dropped to 249,000 in 2008 from 287,000 in 2007 as a result of the global financial crisis. However, ample liquidity - the result of the government's 4 trillion yuan stimulus package and fast rising money supply - triggered a rally in stock and house prices.

Though China is now tightening its monetary policy, the easing in Western nations may still see money and credit flooding to China's markets in the next quarter.

But China's super rich are facing a problem in maintaining the value of their assets, 60 percent of which are related to finance, the report said, adding that inflationary pressure and uncertainties in the property market and global economy will make wealth management more difficult in 2011.

The super rich are taking a bigger share in total investable assets held by all individuals in China, Forbes said.

The investable assets held by the super rich totaled 18.3 trillion yuan, or 21.4 percent of the nation's total, in 2009 and may reach 22.4 trillion yuan, or 22.4 percent of total, this year.

The bulk of the mainland's super rich were born in the 1960s and 1970s, with 11.8 percent born in the 1980s, the report said.

More than three quarters of them are men and more than 84 percent are married.

By industry, most of the super rich are in manufacturing and trade businesses, reflecting China's role as the world's factory. Some 12.3 percent are in the financial business and 11.6 percent in real estate, the report said.

By region, Guangdong Province is home to nearly 80,000 of the super rich, with Zhejiang in second place (40,000), followed by Jiangsu, Beijing, Shanghai and Fujian.

More than 60 percent of the super rich generated their wealth from running a business, and other main sources of wealth included salary, dividends, and investments in stock and property markets.

More than 75 percent are from private-sector companies.

Print E-mail Bookmark and Share

Go to Forum >>0 Comments

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 大学生毛片a左线播放| 日韩精品欧美国产精品亚| 噜噜嘿在线视频免费观看| 黑人与欧洲性大战| 国产精品区一区二区三| 99久热只有精品视频免费观看17| 成人毛片无码一区二区三区| 久久精品国产69国产精品亚洲| 欧美交换乱理伦片120秒| 亚洲色av性色在线观无码| 精品久久久中文字幕人妻| 四虎影院黄色片| 萌白酱在线17分钟喷水视频| 国产成人av乱码在线观看| 午夜性福利视频| 天堂√在线中文最新版| 一个人看的www日本高清视频| 成黄色激情视频网站| 久久久久久国产精品免费免费 | 久久精品国产99国产精品澳门 | 2021国产果冻剧传媒不卡| 在线二区人妖系列| jizz日本在线播放| 嫩草影院www| 不卡精品国产_亚洲人成在线| 无码超乳爆乳中文字幕久久| 久久婷婷激情综合色综合俺也去| 最近中文字幕电影大全免费版 | 永久免费无码网站在线观看| 人妻仑乱A级毛片免费看| 精品久久一区二区三区| 又粗又硬免费毛片| 羞羞视频在线播放| 国产91精品久久| 色欲欲WWW成人网站| 国产主播在线观看| 野花社区在线观看www| 国产免费av片在线观看播放| 高龄五十路中出| 国产在线视频福利| 鸭王3完整版免费完整版在线观看|