Property News · March 22, 2018

One in seven in Hong Kong is a millionaire as property and stock market rallies boost wealth 


Hong Kong had a million millionaires last year, up 15 per cent from a year earlier, 68,000 of whom have at least HK$10 million (US$1.27 million), according to a Citibank study released on Thursday. 
The study defines millionaires as those with liquid assets – deposits, mutual funds and stocks and bonds – of HK$1 million. It was conducted from September to November last year and involved 4,139 Hongkongers and 200 mainlanders.
The growth in the number of millionaires was a result…

Source : South China Morning Post
Read more…One in seven in Hong Kong is a millionaire as property and stock market rallies boost wealth 

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