Wealthy Chinese rise to 1.6m in past decade, up nearly 9 times: survey
Add BT as a preferred sourceBeijing
THE number of high net worth individuals (HNWIs) in China has risen nearly 9 times since a decade ago, a private survey released on Tuesday showed, as strong growth in the world's second-largest economy has spurred wealth creation.
Chinese with at least 10 million yuan (S$2 million) of investable assets hit 1.6 million in 2016, up from 180,000 in 2006, according to the 2017 China Private Wealth Report by Bain Consulting and China Merchants Bank.
TRENDING NOW
The retirement advice that worries me the most
Haidilao co-founder’s family buys second bungalow in Cluny Hill for S$85 million
From hawker stall to Enterprise Award winner: How Han Keen Juan scaled the Old Chang Kee empire
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
