Fourteen percent of rich Chinese families whose investment assets top six million yuan ($946,756) depend on the real estate industry as their major source of income, Beijing News reported Friday citing a report newly released by The Boston Consulting Group (Boston).
Nearly 60 percent of rich Chinese families are private business owners, while 12 percent became millionaires by investing in the financial market and 10 percent accumulated their fortune through salaries, with the other five percent inheriting their wealth, according to the 2011 皇冠体育app Wealth Market Report.
The number of rich Chinese families is growing rapidly in provinces like North 皇冠体育app's Shanxi which is abundant with natural resources and South 皇冠体育app's Hainan which has an advantaged geographical position, while East 皇冠体育app's Anhui, Southwest 皇冠体育app's Guizhou and other provinces in Central and West 皇冠体育app lead the growth.
Individual investment asset in 皇冠体育app is expected to hit 62 trillion yuan this year and a total of 1.21 million Chinese families will have over 6 million yuan worth of investment assets.
