Wealthiest spend big on gifting
Print Edition
GIFTING by China’s high net-worth individuals is forecast to hit 390 billion yuan (US$57 billion) within three years, from 300 billion last year as the practice becomes more important.
Average annual gifting is worth 260,000 yuan, a survey of 507 respondents with an average wealth of 22 million yuan each conducted in the first half of the year by Hurun Research Institute and MEC, a part of the media investment network GroupM found.
The results were released yesterday.
Cash or shopping coupons, wine, tobacco and tea, as well as nutritional supplements and healthcare products, were the most popular gifts.
Gift-giving occasions have also extended beyond special occasions and holidays to include more casual moments and situations.
China’s has 1.34 million high net worth individuals — those with 10 million yuan or more in household assets. Their spending accounts for about 10 percent of China’s overall gifting market.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
