Nation's wealthy ranks fourth globally
Updated: 2014-06-21 07:17
By Lyu Chang (China Daily)
|
|||||||||||
"Surging stock prices really helped many people change from millionaires to billionaires, especially when many start-up companies were looking for IPOs in China," Lu said.
In 2013, the Asia-Pacific region came close in the millionaire race to North America, which still remains the world's wealthiest region, with an increase of 17 percent to reach $14.88 trillion, the report said.
"Overall, 2013 was another strong year for the high net worth market, with surging equity markets and improving economies contributing to double digit growth in both population and wealth levels," said M. George Lewis, group head of RBC Wealth Management & RBC Insurance. "Looking at longer term growth trends, nearly 40 percent of the current level of high net worth wealth has been created in the past five years alone."
|
|
Top 10 new business leaders in China |
Related Stories
Rich attracted to 'spiritual' values 2014-05-28 06:56
Explosion of riches 2014-05-12 08:12
Calling all billionaires 2013-10-18 08:37
Asia banking on expansion 2014-05-05 07:41
Foreign banks retooling products for Chinese rich 2014-01-03 07:42
Today's Top News
Businesses look forward to visit
Classic Greece lures Chinese
Port a good example of China deal
Greek PM salutes 'a game changer'
Young at heart, and they love art
China's Arctic shipping shortcut
Evacuation plans made for Chinese workers in Iraq
Energy costs to hit $5.7t
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
Crackdown on terrorist attacks |
My China Story: Meeting the master |
Long march to end employment bias |
Variety is the spice of academic life |
Documents prove the truth can't be buried |
Race to remember story of resistance |