Mainland China ranks second in Asia Pacific

Real estate investment rose to the top of Asia Pacific Wealth Management and Capgemini consultants yesterday, the Asia-Pacific Fortune Report, the world's richest wealth in Asia and the Pacific, 2009, showed that the rich were 30.9% to 9.7 trillion U.S. dollars, more than the rich in Europe. The wealth of China's wealthy people surged 40.4%, and the number and wealth were second in the Asia Pacific region.　　In addition, China's rich real estate investment in 2009 Year-on-year growth in the Asia-Pacific first. The report showed that the number of wealthy people in the Asia-Pacific region rose by 25.8% in 2009, to 3 million, for the first time with wealthy Europeans, which surged 30.9% to 9.7 trillion dollars, surpassing wealthy Europeans.　　Meanwhile, the super rich, who can invest more than $30 million trillion, increased by 36.7% to 19,600, and the total wealth soared by 42.6%. China remains the region's second-largest rich country after Japan.　　Last year the number of wealthy mainland Chinese rose by 31% to 477,000, and wealth soared 40.4% to 2.35 trillion dollars. Equity asset allocation first of all, it should be noted that in 2009, in the allocation of financial assets of the affluent people in mainland China, equity investment topped the list, accounting for 42%, well above the regional average of 27%.　　The report predicts that China's share of the rich will remain at a high level of 39% in 2011. In addition, the 2009 real estate became the preferred investment target for the wealthy Asia-Pacific, the investment ratio from 22% to 26%, close to the stock allocation level.　　Among them, China's rich real estate investment ratio has risen from 2008 's 18% to 2009 's 27%, an increase of 9%, the growth of the Asia-Pacific first, above average level.　　However, the report predicts that by 2011, China's wealthy will be expected to reduce the proportion of real estate investment to 21%, while China's wealthy would vigorously increase the allocation of alternative investment, the proportion of which is expected to soar from 2009 to 13% in 2011, fixed-income allocation will also increase. By the end of 2009, more than half of Asia Pacific's wealth was equities and real estate. In 2008, the share of wealthy investors in the Asia-Pacific region fell to a record low of 23% in the financial crisis, but last year the rich returned to the stock market. In addition, the rich in Asia and the Pacific still prefer to invest in the region, especially among China's richest people, with a 85% per cent investment in the region. BofA Merrill also predicts China's growth rate for the next two years is 10.1% and 9%, respectively. (Jin Ji)