60,000 Chinese hold assets worth 100 million yuan

Published: 20th July 2012 05:32 PM  |   Last Updated: 20th July 2012 05:32 PM   |  A+A-

By IANS

Around 63,500 people in China - with an average age of 41 - have individual assets worth more than 100 million yuan (around $16 million), a report said Friday.

According to the "Chinese Luxury Consumer White Paper 2012", there were around 2.7 million people in the country who had personal assets worth more than six million yuan (around $950,000). Their average age was 39, the China Daily reported.

However, more than 50 percent of the assets owned by wealthy Chinese "stay in the form of currency and deposits".

Most of them are business owners, real estate speculators, professional investors and well-paid professionals.

Beijing has the highest number of rich people, the report said. The number, however, was not disclosed in the media report.

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