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Tuesday, February 18, 2014

Where rich Chinese want to live

Almost two-thirds of Chinese with more than $1.6 million in the bank have emigrated, or are planning to, according to research firm Hurun.

China on the move

china map rich


A growing number of wealthy Chinese are choosing to live and work abroad.
Almost two-thirds of Chinese with more than 10 million yuan ($1.6 million) in the bank have emigrated, or are planning to, according to Hurun, a research firm that studies trends in China.
The idea is less popular among the super rich. Only a third of those worth more than 100 million yuan ($16 million) say they want to emigrate.
And moving abroad doesn't mean wealthy Chinese are leaving for good -- only 15% are planning to give up their nationality.
So where are they heading? Europe has become more popular recently, while more traditional destinations are still proving attractive. Here are the hotspots.

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