Forbes: China's tens of 60% of millions of rich in real estate

The author/journalist Li Hongpeng this afternoon, the Forbes Chinese version and CCB published the 2010 China Private Wealth White paper in Beijing, which shows that the number of tens of millions of Chinese billionaires in the mainland will reach 383,000 in 2010. As real estate prices continue to climb in the past 10 years, the real estate industry's considerable profits created 11.6% of millions of rich.　　In terms of investment, the million-rich choose more than 60% of real estate investment.　　In geographical distribution, Guangdong is a rich land of tens of millions of people, 2010 is expected to close to 80,000, Beijing ranked fourth. The number of people tens of millions of billionaires in the four-year V-shaped rebound is expected to be China's tens of 383,000 people in 2010, more than 20,000 are billionaires. They have a 22.4% per cent share of the total amount of investment assets in the country.　　The top 10% of the population will have close to 64% of the individual investment assets.　　From 2008 to 2010 November, China's private wealth has undergone a process of regaining lost ground. The previous 2007, the number of tens of millions of millionaires, mainly affected by the financial crisis, in 2008 was reduced to 248,000 people.　　By 2009, China's overall economy had been completely out of the shadow of the financial crisis, the total amount of private investment assets had gradually recovered and surpassed the pre-crisis level, and tens of millions of billionaires were close to 331,000 this year. The reason is that the number of tens of millions of millionaires rebounded, mainly due to the following reasons.　　2008 China suffered from the financial crisis, leading to manufacturing, real estate and other industries have been depressed, especially the manufacturing industry.　　In 2009, the overall economy of China had been completely out of the shadow of the financial crisis, and the total private investment assets had gradually recovered and surpassed the pre-crisis levels.　　By 2010 years, the investment in the real estate market, although the growth in macro-control continued to slow down, but the national average prices still maintain an annual increase of 13%, investment real estate overall value increased by about 28%.　　Wealth from trade and manufacturing into the cradle of millions of rich people mainly from the trade, manufacturing industry, which is China's "world factory" status brought about by the wealth.　　In addition, the financial industry is the cradle of millions of rich.　　As real estate prices continue to climb in the past 10 years, the real estate industry's considerable profits created 11.6% of millions of rich. All or part of the wealth of the million-rich are from the enterprises, followed by wages or corporate dividends, real estate investment, stock market investment.　　It can be seen that industry and investment are the main source of wealth for millions of rich. The reason analysis our country urbanization and the urbanization speed unprecedented acceleration, the influx urban population massive, to the urban housing demand is huge, the rigid demand is strong.　　China's urbanization process has spawned a huge demand for the real estate industry, and the real estate industry has been the cradle of millionaires, but this trend in the 2009 reflected more vividly. Investment in the field of choice for offshore investment in Hong Kong, nearly 90% millionaires use their personal assets for investment, of which the premisesProduction, equities and funds are the most popular (the analysis does not include cash savings). Among the tens of millions of millionaires, the choice of real estate investment and equity investment is over 60%, ahead.　　Fund investments and alternative investments followed. With the global economic integration and the opening up of the Chinese market, the allocation of offshore assets has increasingly become the choice of Chinese high net worth people.　　The so-called offshore assets are assets that are not in the territory. Nearly 20% of millions of wealthy people hold offshore assets, and real estate and overseas equities are the main types of offshore assets.　　Hong Kong is the preferred destination for millions of wealthy offshore investments, followed by North America. The reason is that Hong Kong's top luxury homes have become a treasure hunt for the mainland, the sale of 45th mansions on Hong Kong Island Chung Hom Kok Road, which is valued at about $500 million (Hong Kong dollar), which has been purchased by 5 super-rich.　　It is reported that the mainland's rich have accounted for 4, and 2 of them are known as "the fierce", bid closer to valuation.　　As a matter of fact, Hong Kong's independent housing estates have become a symbol of the status of the world's richest, attracting many mainlanders to invest in Hong Kong properties.　　The rich structure of the undergraduate education nearly 50% from the degree of education, bachelor degree in nearly 50%, followed by a specialist degree.　　60后 70后 is the main force from age, 60后, 70后 is the main force of tens of millions of rich, 11.8% of the proportion. Reason analysis in that era, 60后, 70后 These rich people often stand in the forefront of the times, representing the advanced productivity, secondary and high schools constitute their main body of education.　　While the new rich are quite proud of their academic qualifications, the second generation of successors generally have a bachelor's degree.　　60, 70后 mostly from civilians, have knowledge and creativity, they also have the tenacity of the will and the ability to endure hardship, they realized in a very short time the accumulation of wealth.　　Male millionaires carry up half the sky from the gender perspective, among the tens of millions of millionaires, males account for 76.9% and women account for 23.1%.　　Tens of 84% of millions are married, nearly 12% are unmarried, and only close to 4% are divorced.　　The reason analysis this proportion fully reflects the male in the Chinese society wealth creation the dominant position, to a certain extent, also reflects the Chinese family male outside female main family structure, but many family's financial affairs often decides by the hostess.　　Chinese society and culture always emphasize their role in the family, and give and emphasize the role of the family economic pillar for the male.　　Up to more than 84% of the million rich married, this and 70后 tens of millions of people related to the number of rich, 70后 marriage concept is relatively conservative, in the entrepreneurial phase of the common experience of suffering, therefore, relative to the feelings quite treasure. The report of the White Paper on private wealth in China is in mainland China and does not include Hong Kong, Macao and Taiwan.　　1429 valid questionnaires. This edition of expert support: "Forbes" Chinese version of the editor-in-chief Zhou Jiangong Chinese Academy of Social Sciences, urban Development and Environmental Research Center Director Newferry This edition of the author/journalist Li Hongpeng