Subscribe free to our newsletters via your




SINO DAILY
Half of wealthy Chinese plan to leave: survey
by Staff Writers
Beijing (AFP) Sept 15, 2014


Nearly half of China's super-wealthy individuals are considering leaving the country, a survey said Monday, with most citing better overseas educational and employment opportunities for their children.

The global survey of 2,000 high net worth individuals by Barclays Wealth found that 47 percent of the wealthy Chinese who were questioned plan to move overseas within the next five years.

The Chinese semi-autonomous city of Hong Kong is their preferred destination, cited by 30 percent of respondents, followed by Canada with 23 percent -- although earlier this year Ottawa closed an immigrant investor visa scheme that had been popular among wealthy Chinese.

The results show that "better educational and employment opportunities for their children is the main pull factor for Chinese high net worth individuals", according to the survey.

China has seen double-digit economic expansion in recent decades but faces mounting uncertainty over its pace of growth.

Its economic expansion has also come at great environmental cost -- particularly in large cities such as Beijing and Shanghai -- another factor among the country's super-wealthy in considering a move overseas.

The survey also found that a significant share of Singapore's wealthy -- 23 percent -- plan a move abroad in the next five years, even as the city-state remains a top destination for Hong Kong's rich.

In Hong Kong 16 percent of the wealthy said they plan to move, with 44 percent of these naming Singapore as their destination. Another 31 percent anticipated going to China.

Around the world, a little over half -- 57 percent -- of super-rich individuals have only lived in one country, with 20 percent having lived in three or more.

.


Related Links
China News from SinoDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





SINO DAILY
Mother of Briton murdered in China renews compensation call
Beijing (AFP) Sept 12, 2014
The mother of a Briton whose murder led to the downfall of high-flying Chinese politician Bo Xilai has hit out at Beijing for failing to pay compensation over his death, saying it left a "stain" on China's reputation. Neil Heywood was found dead in a hotel room in the southwestern Chinese mega-city of Chongqing in November 2011. Bo's wife Gu Kailai was convicted of the murder while the forme ... read more


SINO DAILY
At least 17 dead as flood rescue boat capsizes in Pakistan

Shikaras to the rescue on Kashmir's flooded paradise

Fresh rain hampers rescue bid in flood-ravaged Kashmir

Dutch say need to know MH17 missile launch site to prosecute

SINO DAILY
Lockheed Martin-Built gps IIR/IIR-M satellites reach 200 years of combined operational life

Australia approves GPS project

Too Early for Conclusions on Galileo Satellites Incident

Russia's Foton-M Satellite Landing Scheduled for September 1

SINO DAILY
Non-dominant hand vital to the evolution of the thumb

Study ties groundwater to human evolution

Evolutionary tools improve prospects for sustainable development

Chinese doctors discover woman missing cerebellum

SINO DAILY
Leopard poop reveals dogs to be cats' favorite meal in India

Bangladesh meet begins to save endangered tigers

US cityscapes show consistent patterns of 'urban evolution'

Brazil's Pantanal: paradise needing protection

SINO DAILY
In US, calls mount for major scale-up to Ebola crisis

New defence mechanism against viruses discovered

The Search for Ebola Immune Response Targets

New approaches for Ebola virus therapeutics

SINO DAILY
Chinese activist's trial postponed as lawyers protest

Mother of Briton murdered in China renews compensation call

Dog 'cleaned' in washing machine sparks anger in Hong Kong

China holds eight for media coverage extortion

SINO DAILY
Hijacked Singaporean ship released near Nigeria: Seoul

Chinese fish farmer freed after Malaysia kidnapping

US begins 'unprecedented' auction of Silk Road bitcoins

SINO DAILY
Chinese output growth slows to five-year low in August

China August inflation eases to 2.0% on-year: govt

Chinese premier vows to punish corporate lawbreakers

China's promised reforms moving too slowly: EU businesses




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.