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, Read more…
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According to the 2008 Asia-Pacific Wealth Report, released by Merrill Lynch and IT services and business consultancy company Capgemini yesterday, to the end of 2007, the number of wealthy individuals in China was 415,000 which rose by 20.3% comparing with 2006.
Wealthy people are the individuals who have more than one million dollars asset not including the real estate they live themselves. China has the second largest population of rich individuals, constituting 14.8% wealthy individuals in the region. The average asset of wealthy individuals in China has reached 5.1 million.
At the same time, China first became the largest population country of super rich individuals in Asia Pacific. There were 6,038 super rich individuals who own more than 30 million dollars asset in China.
According to Liu Changxin, the senior executive marketing manager of Merrill lynch global wealth Read more…
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