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27% of Chinese billionaires want to immigrate overseas

below_freezing

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Xinhua People's Daily April 21, according to Wen Wei Po reported in Hong Kong, China Merchants Bank and Bain & Company jointly announced yesterday, reports of private wealth in China, the mainland this year, the rich will increase to 59 million people, individuals may invest their assets will reach 18 trillion yuan, the survey found, their enthusiasm and investment immigrants to invest in overseas markets overseas, overseas assets in recent years to grow exponentially, especially the focus on investing in Hong Kong, half of the foreign assets concentrated in Hong Kong. With its growing wealth, the rich, to the Hong Kong stock and property markets, investment immigrants bring huge opportunities.

The report notes that the current foreign investment in the mainland has become a major investment destination of the rich, their 2008-2010 average annual compound growth rate of foreign investment up to 100%. Which, as the main destination for overseas investment of Chinese people in Hong Kong to mainland China ,2008-2010 personal investment, an average annual compound growth rate of more than 70%, assets accounting for half of the foreign assets of individuals. 2011, with the further globalization of China's rich asset allocation and investment needs of immigrant, overseas investment is expected to further growth.

At the same time, foreign investment in China in recent years the number of immigrants to the rapid growth occurs. In the United States, cumulative investment in China last 5 years the number of immigrants compound growth rate of 73%, and even forced some countries of immigration greatly increased the number of Chinese immigrants increased the pressure threshold for investment immigration, such as Canada last year to improve investment migration threshold, minimum net assets of 80 million Canadian dollars to 160 million Canadian dollars.

In the survey, nearly 60% of the surveyed mainland rich, have completed an investment of immigrants or immigrants with investment considerations, this behavior in the more wealthy people, such as personal assets to invest 1 billion yuan, the performance is particularly evident about 27% of people have completed the investment of immigrants and the proportion of immigrants is also considering investing up to 47%. Children's education, safety and protection of wealth, prepare for retirement, investment immigration is the main reason for the rich mainland.

Mainland, Hong Kong, the rich investment or immigration, it will benefit the local luxury market. And the purchase of real estate in mainland cities that also contributed to the funds moved to the mainland part of Hong Kong property market, such as the recent sale of Hong Kong to open the new session, the proportion of mainland visitors amounted to 10-20%.

China keen to invest multi-millionaire immigrants

China Merchants Bank issued "China's Private Wealth Report 2011" shows that China has 50 million people in more than ten million investment assets

The Beijing News newspaper (Reporter Suman Li) yesterday, China Merchants Bank issued "China's Private Wealth Report 2011" shows that China has invested assets of more than 50 million million. Investment in domestic real estate multi-millionaire down the enthusiasm of the investment will strongly immigrants, the report billionaire respondents, about 27% have completed the investors.

Allocation of investment real estate fell 13.7%

This report by the China Merchants Bank and Bain consultants report jointly released by the individual to invest assets of 10 million yuan or more groups defined as high net worth crowd. As China gradually introduced a number of housing market regulation policy, from the purchase of loans and other aspects of price regulation and control, the crowd's enthusiasm for investing in domestic real estate market decline.

The report shows that investment in the multi-millionaire real estate asset allocation increased from 17.6% to the beginning of 2009 to 13.7% in early 2011. 90% of the respondents said they would not increase investment in the real estate market, high net worth individuals, said half of the gradual withdrawal of the real estate market in the capital. In addition, choose to continue investing in real estate for high net worth individuals, investment have changed. They gradually turn from the direct purchase of residential investment to buy more shops, or through real estate trust, investment funds and other indirect ways.

Immigration billionaire has invested 27%

In recent years, the rapid increase in foreign assets of individuals, from 2008 to 2010 average annual compound growth rate of close to 100%. At the same time, in recent years, the number of migrants overseas investment in China appears to rapid growth. In the United States, the number of immigrants cumulative investment in China last year compound growth rate of 5 to 73%.

This trend is the rapid growth of investment immigration has also been confirmed in the survey. Nearly 60% of millionaires have been completed research or a relevant consideration investment immigrants. The billionaire (assets can be invested in more than 100 million yuan), about 27% have completed the investors.

Aspect

Beijing millionaires over 4 million people

The report shows that in China 50 million millionaires in Beijing and 4.4 million millionaires. The report predicts that by 2011 the number of high-net worth individuals will reach 59 million.

End of 2010, the number of millionaires more than 1 million people in 15 provinces, together with multi-millionaire 40 million people, accounting for 80% of the ratio. Guangdong Province, one of the most millionaires, about 7 million people, accounting for 15% of millionaires, Shanghai and Beijing ranked 2,3 position of about 4.7 million and 4.4 million people.

Incremental multi-millionaire and the largest absolute number of provinces and cities in Guangdong, Shanghai, Beijing, Zhejiang and Jiangsu and other cities and the eastern coastal areas. The fastest growth in millionaires in Tianjin, Liaoning, Hunan, Sichuan and Hubei provinces and the growth rate of 5 more than 30%.

2010 China may invest assets of individuals to reach 62 trillion yuan, while millionaires personally held investment assets reached 15 trillion yuan, which means that 500,000 millionaires have accounted for about a quarter of the wealth.

Previously, Hoogewerf also issued a similar report, last year the number of millionaires in Mainland China reached 96 million, of which 60 000 billionaires, which is China Merchants Bank's research report varied.

The rapid expansion of personal wealth but also to the rapid development of domestic private banks, Ding Wei, vice president of China Merchants Bank said yesterday that the bank private banking profits 600 million yuan last year, the bank's private banking customers do more than 1.3 million people.

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There should be an immigration tax.
 
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If I were a billionaire (even a millionaire) I would never have wished to leave my home country. Rather, I would have tried to work for upliftment of other under-privileged segments of the society.

I guess, that's why I'm not a billionaire.
 
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If I were a billionaire (even a millionaire) I would never have wished to leave my home country. Rather, I would have tried to work for upliftment of other under-privileged segments of the society.

I guess, that's why I'm not a billionaire.
Ahhh...Bad logic...Your business acumen has nothing to do with your charity. If your profit is one mil/yr and if you give away %99 of your annual total wealth, you would still technically be a millionaire. There is nothing, written or tacit, that say in order to qualify as a millionaire, you have have to amass your wealth beyond a threshold and maintain that amount over time. It would mean that you are a very charitable millionaire.
 
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If I were a billionaire (even a millionaire) I would never have wished to leave my home country. Rather, I would have tried to work for upliftment of other under-privileged segments of the society.

I guess, that's why I'm not a billionaire.

I wouldn't either. But in China, there are too many billionaires who get rich off corruption and tax evasion. They are scared of justice, so they transfer their wealth overseas.

Only in China can corrupt officials send their wives and children overseas, all attaining foreign citizenships, while continue being an official.

There's no other reason. They talk about "education" "benefits" "health care". That's BS. The super rich don't care about those. They care about maintaining their wealth and growing their wealth, since all those they can just purchase. And what better way to maintain your wealth against government inspectors is to hide it overseas?

CPC trying to stamp them out is like trying to stamp mosquitos in summer.
 
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Deng made a HUGE mistake by "letting a group of people get wealthy first and then lift up the others"..... instead of having the most benevolent and capable people become wealthy, we ended up with large numbers of morally-handicapped, China-hating people being wealthy.

Basically, among the rich in China, 40%-60% are scum. In the population at large, that figure is more like 2% to 5%. This creates a moral hazard / incentive problem because the common people start thinking being dirty is the only way to get ahead.

The CCP was basically not able to internally police its membership during the 80's and 90's and ended up diluting and losing its former identity (in the Mao days) as squeaky clean and "for the people."

I wouldn't be surprised if there is another cultural revolution to sweep away the 40% to 60% of wealthy scum and collectivize their ill-gotten gains back to the people. The fact that this news has appeared in state media editorials means the CCP is paying attention to this problem. There needs to be strict enforcement of the new rule that government officials disclose their assets and whether any family members have foreign residency permits.
 
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Deng made a HUGE mistake by "letting a group of people get wealthy first and then lift up the others"..... instead of having the most benevolent and capable people become wealthy, we ended up with large numbers of morally-handicapped, China-hating people being wealthy.

Basically, among the rich in China, 40%-60% are scum. In the population at large, that figure is more like 2% to 5%. This creates a moral hazard / incentive problem because the common people start thinking being dirty is the only way to get ahead.

The CCP was basically not able to internally police its membership during the 80's and 90's and ended up diluting and losing its former identity (in the Mao days) as squeaky clean and "for the people."

I wouldn't be surprised if there is another cultural revolution to sweep away the 40% to 60% of wealthy scum and collectivize their ill-gotten gains back to the people. The fact that this news has appeared in state media editorials means the CCP is paying attention to this problem. There needs to be strict enforcement of the new rule that government officials disclose their assets and whether any family members have foreign residency permits.

The CPC knows about this problem and has already deployed an army of accountants and police with the sole job of tracking dirty money. However, many of these officials use connections to avoid prosecution, or steal it at the top, where the accountants are less likely to look.

Deng was scum, and his ideology has failed worse than Jiang Zemin's. He is exactly like China's Saddam Hussein that tried to kiss up to the West while still playing independent. He almost got us nuked, stole our true President Hua Guofeng's credit for the economic reforms, destroyed China's economy and personally ordered the crackdown on 6-4.

US and right wing propagandists say that Deng's reforms helped China's economy grow. What a joke! GDP takeoff did not occur until 1992, same year as India, due to Deng's miserable policy failures. Coincidentally, in 1992, Deng was completely kicked out of politics.

Thank god this bastard got kicked out early. Mao was a real leader, Deng was just another tinpot dictator like Saddam, Gaddafi or Pinochet.
 
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And Indian politicians should stop hiding trillions of dollars in Swiss Banks, if they want their country to develop.
a lot of countries are doing this sadly
my country for exemple: a lot of important personnalities of the country put money in canada, swiss, emirates, malaysia , turkey and so
because they need to "secure" and as well "hide" sometimes the money

anyway about the article : 27% that's not so much
it is a good sign for your country
 
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a lot of countries are doing this sadly
my country for exemple: a lot of important personnalities of the country put money in canada, swiss, emirates, malaysia , turkey and so
because they need to "secure" and as well "hide" sometimes the money

anyway about the article : 27% that's not so much
it is a good sign for your country

the goal is zero.
 
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The CPC knows about this problem and has already deployed an army of accountants and police with the sole job of tracking dirty money. However, many of these officials use connections to avoid prosecution, or steal it at the top, where the accountants are less likely to look.

Deng was scum, and his ideology has failed worse than Jiang Zemin's. He is exactly like China's Saddam Hussein that tried to kiss up to the West while still playing independent. He almost got us nuked, stole our true President Hua Guofeng's credit for the economic reforms, destroyed China's economy and personally ordered the crackdown on 6-4.

US and right wing propagandists say that Deng's reforms helped China's economy grow. What a joke! GDP takeoff did not occur until 1992, same year as India, due to Deng's miserable policy failures. Coincidentally, in 1992, Deng was completely kicked out of politics.

Thank god this bastard got kicked out early. Mao was a real leader, Deng was just another tinpot dictator like Saddam, Gaddafi or Pinochet.
I hope Xi Jinping turns out to be a real leader like Mao.

I don't look at separation of powers as religious dogma, but in this case, having a procuratorate arm separate from politics seems like a good idea.
 
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I hope Xi Jinping turns out to be a real leader like Mao.

I don't look at separation of powers as religious dogma, but in this case, having a procuratorate arm separate from politics seems like a good idea.

Mao was good for kicking out Chiang Kai Shek and his corrupt KMT thugs but I personally prefer Deng Xiaoping :china:
 
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