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[Infograph] Do you belong to the richest group in China?

2015-August-27       Source: Newsgd.com

In the eyes of China’s private banks, the HNW individuals, referred to high net worth people, should at least have over 6 million RMB for investment.

In the eyes of China’s private banks, the HNW individuals, referred to high net worth people, should at least have over 6 million RMB for investment. Their “overseas” assets are mainly in Hong Kong, the U.S., and Canada, and most of them realize wealth accumulation by establishing companies and financial investment. What’s more, 94% of them are married.

Industrial Bank, one China’s first joint-stock commercial banks, and Boston Consulting Group (BCG) released a report recently on the rich circle in China.

The 2015 China Private Bank Report has surveyed 1200 randomly chosen HNW clients with more than 6 million financial assets from 18 representative provinces in China. Worth to point out that the report has not included those invisible tycoons in China.

In 2012, Successful Chinese businessman Xu Jiayin on the way to Two Cession. 

Chinese private investment is increasingly important, which is expected to increase to 196 trillion RMB in 5 years at an annual compound growth rate of 13% even though the increase of private assets will further slow down as China’s economy is going into “New Normal.”

Where are these people from? What are their occupations? What are their main investments in 2015? What are the sources of their wealth? Where do they overseas investments go? The report gives answers to the most interested questions.

With the fast development of GDP and the capital market, and demographic dividend, it is estimated that the end of 2015 will see total Chinese individual’s investable assets to reach 110 trillion RMB (about 17.2 trillion dollars on August 27, 2015) of which 41% are from the HNW individuals. These people’s annual investable assets add up to 44 trillion (about 6.9 trillion dollars on August 27, 2015).

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Editor: Yishan

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