People’s Daily carried an article which was originally published by Dongfang Daily. According to the article, the “2013 Personal Wealth Investment Report” issued by the Agricultural Bank of China to its personal banking clients advised that wealthy Chinese, who have personal asset over 100 million yuan (US$16 million), should consider investing in real estate and the stock market. It also recommended investing in art collections and the red wine market. The report indicated that if China’s domestic real estate policy continues to change, wealthy Chinese may shift to investing in the overseas real estate market such as Hong Kong or the U.S. The report suggested that the least favorite investment option is the gold market.
Source: People’s Daily, March 13, 2013