Beijing has the largest number
of rich people in China, being
home to more than 100,000 high-net-worth
families.
This is the finding of the 2012
China Wealth Report co-released by
Boston Consulting Group and China
Construction Bank.
The report said there are more
than 200 high-net-worth families out of
every 10,000 families in Beijing.
Based on a survey of 1,912
individuals with household net worth
of at least 6 million yuan ($950,000),
the report found that Beijing,
Jiangsu, Shanghai, Zhejiang and Guangdong
were each home to at least 100,000
rich families in 2012, comprising 40 percent
of the high-net-worth families
nationwide.
But China's inland regions are
seeing faster growth in the number
of dollar millionaires than Beijing,
the report found but provided no
figures.
The number of high-net-worth households
in Anhui, Gansu and Hunan rose
by 30 percent year-on-year in 2012, but
the growth rate for high-net-worth
families in Guangdong and Zhejiang was
below 10 percent in 2012 due to a
drop in business owners' wealth, and
companies' operating difficulties.
Some 56 percent of the millionaires
are company owners, 60 percent of whom
are seeing their companies prosper
with steady income and profits.
The number of millionaires making
their fortune from property market
investment fell significantly in 2012, the
report found but provided no
figures.
Most interviewees were optimistic about
the high-tech and medical industries
providing future sources of wealth.
The report also found that
investable assets held by households
in 2012 increased 14 percent year-on-year to
73 trillion yuan.
The number of high-net-worth households
grew by 17 percent to reach 1.74
million in 2012.