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Big-money class grows
By Li Xinran |
02:20 UTC+8 September 30, 2010
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Print Edition
Print Edition
Chinese mainland population of super rich grew by 31 percent in just one year to nearly 500,000 people in 2009 - the second-largest group of high net worth individuals in the Asia-Pacific region.
So says the latest study by Merrill Lynch Global Wealth Management and Paris-based consulting firm Capgemini.
The combined wealth of Asia-Pacific "high net worth individuals" also surged 31 percent, to US$9.7 trillion in 2009, surpassing that of Europe's wealth in 2009, according to the 2010 Asia-Pacific Wealth Report released on Tuesday.
Hong Kong's HNWI population more than doubled, to 76,000 people.
The surge was the highest percentage gain in the world.
So says the latest study by Merrill Lynch Global Wealth Management and Paris-based consulting firm Capgemini.
The combined wealth of Asia-Pacific "high net worth individuals" also surged 31 percent, to US$9.7 trillion in 2009, surpassing that of Europe's wealth in 2009, according to the 2010 Asia-Pacific Wealth Report released on Tuesday.
Hong Kong's HNWI population more than doubled, to 76,000 people.
The surge was the highest percentage gain in the world.
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