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In 2020, the number of multi millionaires in Hong Kong will reach a record high over the years. The number of people with net assets of HK $10 million or more will reach 515000 From Citibank

The following is the In 2020, the number of multi millionaires in Hong Kong will reach a record high over the years. The number of people with net assets of HK $10 million or more will reach 515000 From Citibank recommended by And this article belongs to the classification: global economy .

According to a survey report released by Citibank on Thursday, the number of multi millionaires in Hong Kong in 2020 will reach a record high, mainly due to the favorable measures introduced by governments, which will increase the value of most financial instruments, including stocks and RMB. According to the report, by the end of 2020, 515000 people in Hong Kong have net assets of HK $10 million or more, accounting for 8.7% of the population aged 21-79 in Hong Kong. That is to say, there is a multimillionaire in every 12 relevant age groups. The median net worth of these people is HK $15.5 million.

Li Guizhuang, head of Citigroup’s retail banking business in Hong Kong, said at a press conference that under the epidemic situation, governments around the world have taken actions to save the economy, which has led to the appreciation of most financial instruments. In addition, investors have made more diversified and globalized investments, so more people have become multimillionaires.

According to the survey report, most multimillionaires hold stocks, foreign currencies and RMB, followed by funds, bonds, precious metals, options and futures. Among them, stock, foreign currency and RMB continue to be the three most permeable investment tools.

Read more: Citibank report: eliminating racial inequality gap Citibank: the proportion of Chinese consumers willing to buy 5g in 2019 is as high as 89% Citibank: Top 10 technological innovations that can completely change the future global economy In 2017, there were 68000 people with liquid assets of HK $10 million or more in Hong Kong. Citibank: 2016 Hong Kong multimillionaire survey. Citibank: China’s coal consumption is expected to only account for 15% of the total energy consumption in 2060. Citibank: Amazon Kindle Reader and kindle fire tablet computer user behavior survey data. Citibank: European banking stocks are expected to turn for the better World Gold Council: gold demand trend in the first quarter of 2020 Hurun Research Institute: Hurun global self made women’s rich list in 2020 National Science Foundation: global science and Engineering Index report in 2020 China’s scientific and technological strength is rapidly improving Amazon tops the list with $22.6 billion. Economists expect the U.S. economy to enter a recession in 2020

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