Wealthy Chinese Seek International Investment Opportunities

China Merchants Bank and Bain & Co. in China released a new report on Chinese wealth Tuesday. The number of Chinese high net worth individuals (HNWIs) with at least 10 million RMB ($1.6 million) in investable assets - grew to over 700,000 at the end of 2012, more than doubling since the end of 2008, and on pace to increase an additional 20 percent this year. The report also indicates at least 100,000 people have more than 50 million yuan ($8 million) while 40,000 have more than 100 million yuan ($16 million). In 2009, China Merchants and Bain  reported 60% of wealthy Chinese had completed or were considering investment immigration programs in foreign countries. The survey reported similar levels of interest in such immigration this year and added that more than 10 percent of people surveyed expect their children to also pursue it. Chinese HNWIs are increasingly seeking overseas asset allocation for risk diversification and investment opportunities. For more information about attracting Chinese investments, contact us today.