Number of High Net Worth Individuals in China has Risen Nearly 9 Times Since a Decade Ago
According to the 2017 China Private Wealth Report by Bain Consulting and China Merchants Bank, Chinese with at least 10 million yuan or US$1.47 million of investable assets has hit 1.6 million personnel in 2016, up from 180,000 in 2006.
“Chinese with at least 10 million yuan or US$1.47 million of investable assets has hit 1.6 million personnel in 2016.”
The overall value of the private wealth market increased to 165 trillion yuan in 2016, growing at 21 percent annually in 2014-2016.
News Source: Reuters
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