wealth

According to a new white paper, China's ultra-wealthy will get richer, buy more luxury abroad, and fly in private jets in the coming Lunar New Year. Read More

A new segment by CNBC takes a look at the estimated $650 billion in offshore assets held by China’s ultra wealthy, which is expected to double in the next three years. Read More

China's first-tier cities may still have the country's most multi-millionaires, but a new study says lower-tier centers like Chongqing are catching up fast. Read More

According to the recent "Shanghai Wealth Report 2012," published by the Hurun Report and Australia's Gao Fu Wealth Management, Shanghai, mainland China's financial center and a rising star on the global business scene, now has 370,000 residents worth at least 6 million yuan (US$949,710). Read More

This week, an article in The Wall Street Journal addresses that China will overtake Japan in terms of the appetite for luxury goods this year, based on HSBC's recent study released last week. Read More

Held annually each spring, this week the 12th China Development Forum (2011) took place in Beijing. Read More

From the archives: It’s no surprise that companies are bending over backwards to find out what drives the estimated 825,000 people worth over 10 million RMB (US$1.46 million) and 51,000 individuals worth over 100 million RMB (US$14.64) to make purchases. Read More

Mainland Chinese now account for nearly 30% of foreign purchases of luxury homes and bungalows in Sentosa Cove, double the Chinese purchase rate for all of Singapore. Read More

If some real estate developers have their way, we'll see more wealthy Chinese looking to resort towns like Phuket as destinations not only for R&R but their cash as well. Read More

According to a new survey by McKinsey & Co., South Korea is the most "luxury friendly" country in the world, reflected by a low rate of social stigma and an unstated social imperative about publicly flaunting wealth. Read More