31 Oct '16, 7am

US most likely country to see high-net-worth Chinese immigration

US most likely country to see high-net-worth Chinese immigration

In the next three years, 60 percent of high-net-worth Chinese consumers are likely to purchase investment real estate properties in the United States, especially in Los Angeles, San Francisco and Seattle. According to the 2016 White Paper on China investment immigration from Hurun Institute, about 15 percent of financial investments from affluent Chinese consumers came from overseas. More than half of HNWI in China worry about the devaluation of their investments. "That Chinese high net worths (defined as families with net assets of CNY 10m or more, or US$1.6m) are now looking to invest outside of china as a way of spreading their risk," said Rupert Hoogewerf, chairman and chief researcher of Hurun Report . "Buying a house and foreign currency deposits are the first choices. "The US is the country of choice, for immigration and for investments, driven partly by the concern...

Full article: https://www.luxurydaily.com/us-most-likely-country-to-see...

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