Rich people get richer in difficult time
Despite of the financial crisis, China has more rich people.
The report released by China Merchants Bank and consultancy Bain & Company on 30th, March shows that around 320,000 people will have 10 million Yuan ($1.46 million) of asset by the end of this year, which is 6% higher than that of last year.
The asset includes cash, stocks, funds, securities and real estate investments, and it is expected to surpass 9 trillion Yuan ($1.29 trillion), which has a 7% rise from 2008.
The 3-month survey on the 700 respondents in the mainland in December reflected that all the interviewees and questionnaires have asset of at least 10 million Yuan.
Guangdong province has the most wealthy people in China, with 46,000 or 15% of the total number of the country. Shanghai, Beijing, Jiangsu and Zhejiang provinces rank the 2nd to the 5th after Guangdong.
As for Ma Hua, who counts the rich among his friends, it is not a surprise result.
Ma Hua, the deputy director of CCTV.com’s R&D center, said that there is no impact on the rich people because they are conservative investors.
Ma expressed that his friends become rich by means of investing prudently in stocks. “They become conservative in investment after they own wealth and have not inherited it.”
It was found in the report that 80% of the interviewees would rather choose the investment medium pr low risk. On the contrary, the previous assumptions show that the rich people prefer risky investments.
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