19 Dec 2014

Immigration News Update

Super-rich Chinese considering emigration

According to a recent global poll of two thousand high net worth individuals (total net worth in excess of US$1.5 million per individual) conducted by Barclays Wealth, 47% of super-rich Chinese nationals plan to emigrate within the next 5 years. Their main reasons include superior overseas educational and employment opportunities for their future generation. 30% of the Chinese respondents stated Hong Kong is their preferred destination followed by Canada at 23%.

In the same poll, 16% of the super-rich in Hong Kong plan to emigrate within the next 5 years (of which 44% choose Singapore as their destination whilst 31% prefer relocating to Mainland China).

(Source: http://www.thestandard.com.hk/news_detail.asp?we_cat=11&art_id=149482&sid=42991077&con_type=1&d_str=20140916&fc=2)