China's Super 1 billion-dollar rich over 128 people Shanxi rich love cash

The economic miracle created by China is having a huge wealth effect. The 2010 Chinese Private Wealth White paper, published in the Chinese version of Forbes, the world's leading commercial media, shows that the total number of high net worth people with more than $1 billion trillion in the Forbes rich list in 2010 has reached 128, and that China is ranked second only to the US in the Forbes Global Rich list,　　Ranked second in the world. The white paper predicts that by the end of this year, China's private investment assets will be close to 100 trillion yuan, with a high net worth of nearly 383,000 people. The main players of these Chinese billionaires are "60后" and "70后", of which men account for more than 70%. Industry and investment are the main sources of wealth for the rich. They are most often "born" in industries such as trade, manufacturing, finance, real estate and it industries. In recent years, TMT (Technology/media/communications), energy, logistics, health care industry has become the cradle of high net worth people.　　Data show that 76.8% of the rich from private enterprises, of which 64.1% are private business owners. Geographically, Guangdong, Zhejiang, Jiangsu, Beijing and Shanghai are rich in five places, with nearly 53% of high net worth people gathered here. It is worth mentioning that this part of the people's financial preferences are also affected by their respective industries and regions. Research data show that financial practitioners have the lowest cash and deposit allocation; The real estate industry has about 40% dollars to invest in the housing market; The wealthy in Shanxi prefer cash and deposits, while the rich in Beijing and Shanghai make alternative investments in large numbers.　　Overall, the risk aversion of high net worth people is increasing with the expansion of asset size. In addition, in addition to luxury consumption and investment, the Chinese rich are more and more willing to participate in charity and collection. According to the survey, about 11.8% of high net worth people are often involved in charitable activities.　　The white paper argues that philanthropy is becoming a new financial need for China's rich, and its philanthropic potential is enormous. Source: Beijing Morning News Wang Jie