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About?23 percent of rich Chinese invest overseas to get their children a better education, according to a report jointly released by 皇冠体育app's Central University of Finance and Economics and 皇冠体育app Citic Bank, Beijing News reported Friday.
The Development of 皇冠体育app's Private Banking 2012 report indicates there were more than a million people whose personal circulating assets reached 10 million yuan ($1.48 million) in 皇冠体育app by the end of 2011, 23 percent of whom had invested overseas for the next generation's education, and 18 percent for overseas immigration.
To help their fortunes grow and hand down to the next generation, the rich Chinese want their children to receive an elite international education overseas and master foreign languages, the report said.
The report also disclosed that 14 percent of the rich people who own over 10 million yuan in circulating assets have immigrated or applied for immigration, and?nearly 50?percent of them are considering immigration.
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