wealth
8 Predictions For China’s Ultra-Wealthy In The Year Of The Horse
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
Video: China’s Ultra Wealthy Flee In Record Numbers
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
Second-Tier Multimillionaire Growth Leaves Beijing, Shanghai In Dust
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
Priorities For Rich In Shanghai: Wealth Management, Art & Philanthropy
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-
New Study Shows China To Overtake Japan In Luxury Demand
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 -
Chinese Ministry Of Commerce: China Will Resolve Luxury Price Discrepancy
Held annually each spring, this week the 12th China Development Forum (2011) took place in Beijing. Read More -
Hedging Their Bets: What China’s Millionaires Are Buying (Jing Archives)
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 -
Wealthy Chinese Shell Out Millions For Houses In Singapore’s Sentosa Cove
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 -
Phuket’s Ocean Villas Group Courting Wealthy Chinese
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 -
China Lags Behind South Korea In “Luxury Friendly” Survey
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
