China’s richest people want to emigrate

Last Updated on Tuesday, 01 November 2011 14:02 Tuesday, 01 November 2011 14:02

Written by China Times

Nearly half of the richest people in China want to emigrate, according to a joint study by the Chinese Central Bank and the authors of China’s richest list, the Hurun Rich List.

In total, there are 46 percent of the Chinese who have a property of more than 1.6 million dollars want to move out of the country. The United States and Canada are the most popular destinations. 14 percent have already made concrete plans. A total of 980 wealthy people from 18 major Chinese cities participated in the study.

The most important reason for the emigration plans, according to the rich, are a better education for their children and concerns for personal and property security.

China, according to the Hurun Rich List, there are more than 960,000 people who have 1.6 million dollars. The number of billionaires is 271.