There are 1.97 million high net worth people in China. What does high net worth people mean
4hw.com.cn: on June 5, China Merchants Bank and Bain jointly released the 2019 China Private Wealth Report, which shows that in 2018, the number of Chinese high net worth people with domestic investable assets of more than 10 million yuan reached 1.97 million, sitting on 61 trillion yuan of investable assets.
Less than two thousandths of people hold more than one third of their personal wealth. Among them, senior white-collar workers have become an important support for the rich, accounting for 36%.
By occupation, China's high net worth population is mainly divided into the first generation of entrepreneurs, the second generation of heirs, senior management / middle-level / professionals, professional investors and others.
What does high net worth mean?
High net worth people generally refer to individuals with net assets of more than 6 million yuan (US $1 million). They are also social groups with high investable assets such as financial assets and investment real estate.