Every Second Millionaire In China Wants To Leave The Country

November 9, 2011 3:44 pm

Sometime back, we had spotted an interesting stat around chinese emigration to canada – how the chinese are taking over vancouver – we spotted this today:

“Nearly half of Chinese millionaires are thinking about leaving the country, while 14% have or are in the process of applying for emigration, according to a Hurun Research Institute and the Bank of China report.

Their joint “Private Banking White Paper 2011” talked to individuals with assets of more than 10 million yuan (US$1.57 million) in18 cities to find out how China’s super rich manage their wealth. The average asset holdings of the 980 surveyed are 60 million yuan (US$9.44 million), with the average age of 42.”

Statistics Source: CNN

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