The number of ultra high net worth individuals (UHNWI) in China reached 1.34 million, an additional 130,000 compared to 2015 as of May 2016 according to Hurun Research.
The number of UHNWIs in China whose total assets worth exceed RMB 100 million reached 89,000, with an growth rate of 14.1%.
Guangdong province replaced Beijing as the top region with the most number of UHNWIs (240,000) with a growth rate of 17.65%. Beijing ranks second with 238,000 UHNWIs, followed by Shanghai (205,000) and Zhejiang province (160,000). The combined UHNWIs of this four regions reached 843,000, accounting for 63% of total.
China’s UHNWIs are mainly comprised of four groups: business owners (55%), gold collar (20%), real estate investors (15%), and professional stock traders (10%).
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