The well respected Chinese wealth ranking institute Hurun Research recently published its 2017 immigration report on the Chinese population with wealth over RMB 20 million (around US$3 million). The report showed that 84 percent of the surveyed sample worried about the depreciation of the Chinese currency, which is a 50 percent increase from the same number last year. The United States has been the top choice of immigration destination for the wealthiest Chinese for three years in a row. This year Canada surpassed Britain to become the second choice. Britain is now the third choice and Australia remains number four. In the United States, Los Angeles is the top destination city, followed by Seattle, San Francisco, and New York. The report found the primary drivers for immigration are education quality (76 percent) and environmental pollution (64 percent), followed by “ideal community environment” (53 percent) and “medical care quality (29 percent).” The report also shows that a long waiting list is the number one obstacle to those wanting to migrate, followed by language barriers. Balanced global wealth distribution and investment is a focal point for the wealthy population. This year, tight foreign exchange control is rapidly becoming a new major concern of these people.
Source: Hurun, July 15, 2017