According to a new list of individuals with assets between $100,000 to $1 million, or high networth individuals (HNWI), Forbes estimates there are 10.26 million HNWI on the mainland; a number that will increase to 12 million by the end of the year. More details from SCMP:
More than a third of them were born in the 1970s and the top three industries they were involved in are finance, trade and manufacturing, its study said.
Three-quarters of respondents surveyed said they had no plan to emigrate, but the same percentage expressed a wish to send their children to study overseas. The United States was their first option.
For more about consumer behavior of this demographic segment, see Chapter 9 and 11.
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