Posts Tagged wealth
Hedging Their Bets: What China’s Millionaires Are Buying (Jing Archives)
From the archives: Itâs no surprise that companies are bending over backwards to find out what drives the estimated 825,000 people worth over 10 million RMB (US$1.46 million) and 51,000 individuals worth over 100 million RMB (US$14.64) to make purchases.
Read Full Story »Wealthy Chinese Shell Out Millions For Houses In Singapore’s Sentosa Cove
Mainland Chinese now account for nearly 30% of foreign purchases of luxury homes and bungalows in Sentosa Cove, double the Chinese purchase rate for all of Singapore.
Read Full Story »Phuketâs Ocean Villas Group Courting Wealthy Chinese
If some real estate developers have their way, we’ll see more wealthy Chinese looking to resort towns like Phuket as destinations not only for R&R but their cash as well.
Read Full Story »China Lags Behind South Korea In “Luxury Friendly” Survey
According to a new survey by McKinsey & Co., South Korea is the most “luxury friendly” country in the world, reflected by a low rate of social stigma and an unstated social imperative about publicly flaunting wealth.
Read Full Story »China Becomes Fourth-Largest Manufacturer (Of Millionaires)
According to Lan Qingxin of the University of International Business and Economics, most Chinese millionaires are minted in six sectors: finance, real estate, information technology, commercial service, manufacturing and energy.
Read Full Story »China’s First “Soul-Rich List” Celebrates Positive Contributions Over Cash
While Chinese names have become fixtures on Forbes and Hurun Report “rich lists,” a new list coming out of China this week takes a somewhat different approach at measuring wealth.
Read Full Story »Luxury Furniture To Be Beijing’s “Next Status Symbol”
Although Beijing’s multimillionaires make up less than 1% of its total population, their spending power makes them a key demographic for luxury automakers, fashion labels, auction houses, and, increasingly, luxury furniture makers.
Read Full Story »China’s “Love For Luxury” Boosting Hong Kong Retailers (Video)
CNN posted an interesting video today about the growing number of mainland Chinese shoppers flocking to Hong Kong to buy luxury goods, much to the enjoyment of Hong Kong retailers and international luxury brands alike.
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