03 Nov '11, 6am

Singapore among top migrant destination for China's super rich: Survey

BEIJING - Nearly half of China's super rich wants to migrate, said a survey released jointly by the Hurun Report, which also publishes an annual China rich list, and the Bank of China. According to the South China Morning Post, the survey was conducted on people with assets of more than 10 million yuan (S$2.02 million). The poll was based on one-on-one interviews conducted in 18 major mainland cities from May to September. The average age of respondents was 42 years and had net worths of more than 60 million yuan, the survey said. The report noted that 14 per cent of the 980 millionaires interviewed had either already moved overseas or were applying to do so. According to a report in CNN, the United States is the top draw for China's super rich. Followed by Canada, Singapore and Europe. Founder and publisher of Hurun Report Rupert Hoogewerf said the most common reason cite...

Full article: http://www.todayonline.com/World/EDC111103-0000126/Singap...

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