Chinese economyresearch report

Hurun Wealth Report 2020

The following is the Hurun Wealth Report 2020 recommended by recordtrend.com. And this article belongs to the classification: Chinese economy, research report.

The “wealthy families” in this report are 6 million RMB asset families, “high net worth families” are 10 million RMB asset families, “ultra-high net worth families” are 100 million RMB asset families, “international ultra-high net worth families” are 30 million US dollar asset families.

In addition to the number of households with total wealth of 6 million yuan, 10 million yuan, 100 million yuan and 30 million US dollars, the report also announced the number of households with investable assets of 6 million yuan, 10 million yuan, 100 million yuan and 30 million US dollars. Hurun, chairman and chief research officer of Hurun Baifu, said: “the total wealth represents the confidence of these people, and the investable assets are the ones that financial institutions are most interested in.”

In 2019, China’s economy will continue to maintain the overall stable and steady development trend in the face of the international background of increasing external unstable and uncertain factors such as weak world economic recovery, “anti globalization” trend of thought and sustained economic and trade friction. The annual GDP growth rate will be 6.1%, achieving the economic growth target expected at the beginning of the year. By the end of 2019, the three major indexes of Shanghai stock index, Shenzhen stock index and growth enterprise market index all showed large increases. Among them, the Shanghai Composite Index rose 22%, the best performance since 2014; the Shenzhen Composite Index rose 44%, the biggest annual increase in nearly 10 years since 2010; the gem index rose 44% over the same period of last year. In addition, the Hang Seng Index rose 9% for the whole year.

In December 2019, the sales prices of new commercial residential buildings in four first tier cities increased by 3.8% and second-hand residential buildings by 1.7% year on year; the sales prices of new commercial residential buildings in second and third tier cities increased by 7.3% and 6.7% year on year, and the sales prices of second-hand residential buildings increased by 3.7% and 3.9% respectively. (according to the data released by the National Bureau of Statistics)

According to the 2020 fortune report of Fontaine Hurun, the total wealth of China’s “wealthy families” with 6 million yuan of assets is 146 trillion yuan, which is 1.5 times of China’s annual GDP, of which the mainland of China accounts for nearly 90%. Among the 146 trillion yuan, the total wealth of “ultra-high net worth families” with assets of 100 million yuan was 94 trillion yuan, accounting for 64%, an increase of 4 percentage points over the previous year; the total wealth of “international ultra-high net worth families” with assets of 30 million US dollars was 89 trillion yuan, accounting for 61%, an increase of 5 percentage points over the previous year.

Of the 146 trillion yuan of total wealth, it is estimated that 17 trillion yuan will be passed on to the next generation within 10 years, 42 trillion yuan will be passed on to the next generation within 20 years, and 78 trillion yuan will be passed on to the next generation within 30 years. “What is ideal for entrepreneurs is that they have arranged successors by the age of 70,” Hurun said

China’s wealth family size

As of December 31, 2019, the number of “wealthy families” with 6 million RMB assets in China has reached 5.01 million, an increase of 70000 over the previous year, with a growth rate of 1.4%. Among them, the number of “wealthy families” with 6 million RMB investable assets has reached 1.8 million; the number of “high net worth families” with 10 million RMB assets has reached 2.02 million, an increase of 40000 over the previous year, an increase of 2% Among them, the number of “high net worth families” with 10 million yuan of investable assets reached 1.08 million; the number of “ultra-high net worth families” with 100 million yuan of investable assets reached 130000, an increase of 3, Among them, the number of “ultra-high net worth families” with investable assets of RMB 100 million reached 77000; the number of “international ultra-high net worth families” with investable assets of US $30 million reached 86000, an increase of 2100 or 2.5% over the previous year, and the number of “international ultra-high net worth families” with investable assets of US $30 million reached 54000.

In addition to Hong Kong, Macao and Taiwan, the number of “wealthy families” in mainland China with 6 million yuan of assets has reached 3.99 million, an increase of 68000 over the previous year, with a growth rate of 1.7%. Among them, the number of “wealthy families” with 6 million yuan of investable assets has reached 1.44 million; the number of “high net worth families” with 10 million yuan of assets has reached 1.61 million, an increase of 37000 over the previous year, with a growth rate of 1.7% 4%, including 870000 “high net worth families” with 10 million yuan of investable assets and 107000 “ultra high net worth families” with 100 million yuan of investable assets, an increase of 2, 760 households, an increase of 2.6%, including 64000 “ultra-high net worth households” with investable assets of RMB 100 million; 71000 “international ultra-high net worth households” with investable assets of US $30 million, an increase of 1960 households, an increase of 2.8%, including 46000 “international ultra-high net worth households” with investable assets of US $30 million.

“China’s high-end consumers deserve special attention because they have strong consumption power and are an important force in boosting domestic demand,” said Hurun. There are more than 1.6 million high net worth households in mainland China. Last year, the total consumption reached 3 trillion yuan, and 3% of the population created 3% of China’s GDP. Three or five years later, the market can clearly see the consumption trend they lead. “

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