Worldway Immigration comprehensive report: A recently published global wealth report shows that, benefiting from the wealth effect brought by stock and real estate investments, the number of affluent individuals in Hong Kong with at least 1 million USD in liquid assets reached 124,000 last year, an increase of 9%; the total wealth of these affluent individuals exceeded 620 billion USD, an increase of nearly 12%.
It is reported that this survey was conducted by RBC Wealth Management and Capgemini.
Over the past five years, the growth rates of both the number of affluent individuals and total wealth in Hong Kong have led the world, with compound annual growth rates of 27% and 28% respectively during this period, mainly due to significant growth in stock and property market investments. This year, the Hong Kong stock market has risen steadily. Although the impact of real estate market regulations will gradually emerge, the Hong Kong property market is expected to develop steadily this year. Furthermore, real estate accounts for only about 20% of the assets of affluent individuals. With the improvement of the Hong Kong economy, the wealth of affluent individuals is expected to continue to increase this year.
Worldway Immigration Editor
