The 2011 Private Wealth Report, published by China Merchants Bank and business consulting firm Bain & Company, showed that the number of high net worth individuals (HNWIs) in China exceeded 500,000 in 2010, 19 percent more than in 2009.
According to the study, those who have at least 10 million yuan ($1.53 million) worth of individual assets (financial assets, not including their primary residence) available for investment are defined as HNWIs.
Among that group, nearly 60 percent are either considering emigration through investment overseas or are already finalizing the process.
Among those with at least 100 million yuan in individual investment assets, 27 percent have already emigrated, and 47 percent are considering leaving China.
The report concluded that "investment immigration" is becoming a trend on the mainland, highlighted by a 73 percent compound annual growth rate of those whose investments helped them immigrate to the US in the past five years.
The result is in line with statistics from another agency. According to the Beijing Entry & Exit Service Association, more than 1,000 people applied for investment immigration to the US in 2009, doubling the figure from 2008.......
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