Hurun Wealth Report: China's 6 million RMB assets "wealthy families" exceeded 5 million for the first time

　　China News Agency, Shanghai, February 8th (Reporter Miao Lu) The Hurun Research Institute and Fangtai jointly released the "2020 Fangtai Hurun Wealth Report" on the 8th, showing that China’s 6 million yuan (RMB, the same below) assets "wealthy families "The number exceeded 5 million for the first time, an increase of 1.4% over the data reported in the previous year.

Hurun Research Institute and Fangtai jointly released the "2020 Fangtai Hurun Wealth Report" on the 8th.

Photo courtesy of Hurun Research Institute

　　This is the 12th consecutive year that the Hurun Research Institute has released the "Hurun Wealth Report". This report covers the situation of China's "wealthy families", "high-net-worth families", "ultra-high-net-worth families" and "international ultra-high-net-worth families".

Among them, "wealthy families" are families with assets of 6 million yuan, "high-net-worth families" are families with assets of 10 million yuan, "ultra-high-net-worth families" are families with billion-dollar assets, and "international ultra-high-net-worth families" are families with assets of 30 million US dollars.

　　The report pointed out that as of December 31, 2019, the number of “wealthy households” with assets of 6 million yuan in China has reached 5.01 million, an increase of 70,000 from the previous year, a growth rate of 1.4%, of which 6 million yuan can be invested. The number of “rich families” with assets reached 1.8 million.

　　The number of "high-net-worth families" with assets of 10 million yuan reached 2.02 million, an increase of 40,000 or 2% over the previous year. Among them, the number of "high-net-worth families" with investable assets of 10 million yuan reached 1.08 million.

Hurun Research Institute and Fangtai jointly released the "2020 Fangtai Hurun Wealth Report" on the 8th.

Photo courtesy of Hurun Research Institute

　　The number of “ultra-high-net-worth households” with assets of 100 million yuan reached 130,000, an increase of 3,000 from the previous year, an increase of 2.4%. Among them, the number of “ultra-high-net-worth households” with investable assets of 100 million yuan reached 77,000.

　　The number of “international ultra-high-net-worth families” with US$30 million reached 86,000, an increase of 2,100 or 2.5% over the previous year. Among them, the number of “international ultra-high-net-worth families” with US$30 million in investable assets reached 54,000. .

　　In terms of geographical distribution, Beijing is the region with the largest number of "wealthy families" and "high-net-worth families" in China, followed by Guangdong, Shanghai, Hong Kong and Zhejiang.

In terms of “ultra-high-net-worth families”, the top five cities are Beijing, Guangdong, Shanghai, Zhejiang, and Hong Kong.

In terms of "international ultra-high net worth households", Beijing, Shanghai, Guangdong, Zhejiang, and Hong Kong ranked the top five.

　　The report shows that China’s "wealthy families" with assets of 6 million yuan have a total wealth of 146 trillion yuan. Except for Hong Kong, Macao and Taiwan, mainland China accounts for nearly 90%.

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