"Chinatown"-Official media of Chinese Australians

Editor: I wonder if readers have noticed that in addition to the chaos in the world, there is also a topic that is very relevant to the Chinese people. That is: China's rich people are very busy. What are they up to? Where are you busy? The answers to these two questions have always been hot topics in major media. For example, "overseas house purchase", "overseas investment", "immigrant overseas" and so on. In short: China's rich are busy going abroad. A survey shows that in the past 14 years, the number of rich Chinese exodus has topped the world. At this time, there will naturally be two confrontational views, one side will think that this is not good because of the outflow of funds. The other party would think that in a globalized market, this kind of capital flow is good for both domestic and foreign. So, why does the protagonist of the news "rich Chinese" like to immigrate and invest overseas? Does this phenomenon affect the wealthy and the Chinese economy?

1

According to the "New World Wealth" report, between 2000 and 2014, China was the country with the most frequent entry and exit of millionaires. Although China's millionaire population is 60.85, ranking fifth in the world. However, the number of high-net-worth individuals who left reached 9.1, ranking first in the world. In second place is China’s BRIC brothers, India, with 6.1 visitors.

According to the report, the United States, Hong Kong, the United Kingdom and Singapore are the main immigration destinations for China’s super-rich. Hong Kong is the third most popular immigration destination, with 2.9 millionaires choosing to live there. The reason is that the country's taxation is relatively strict.

2

I believe that many readers have been dizzy by the bombardment of "overseas investment by the Chinese rich". In fact, the editor himself thinks of such topics, and there are endless stories and countless cases. Indeed, wealthy Chinese have become the main force of overseas investment immigration. According to foreign media reports, there is a trend that is becoming more and more obvious among the wealthiest class in China, that is, to use their wealth to emigrate their family and themselves overseas through investment immigration. At the same time, many countries have opened their warm arms to welcome the rich from China. The condition is only "money".

Why should the rich leave China?

In fact, the most important point is not because of "economy." Because China's economic opportunities are difficult for many other developed countries to contend. It is because Chinese parents are more and more concerned about the growth of their children. They want their children to receive a more international and high-end education. It is also hoped that air pollution, drinking water and food safety issues can be avoided. And these wealthy parents can hold investment visas to give birth abroad, so that the children can obtain local citizenship when they are born. Some will choose to let their children return to China to study international schools with foreign passports (these international schools are not open to Chinese citizens). In addition, holding these passports makes it easier to travel abroad and go to university.

4

There are also foreign media reports that many wealthy people seek a safe haven by investing overseas in order to avoid the turmoil of A-shares. Reuters reported on July 7 that a Sydney real estate agent, Michael Parrell, said that in the past week alone, he had sold two new houses to Chinese people seeking alternative investments in the stock market, and brought them with them. A buyer viewed a $12 million property. He said that the current Chinese stock market is too hot. Many high-net-worth individuals have already launched the stock market, so there are a lot of idle funds. He feels that a lot of it has flowed into the Australian real estate market.

Is it good or bad for the rich to leave? 

Many people think that this is a bad thing. Because one, the incident reflects the environmental and educational issues in Chinese society. Second, the confidence of the rich in China is because many other developed countries have more stable economies. Third, so much capital outflow will be a loss to the Chinese economy.

However, I think this is a good thing. This is not only a good development and choice for the rich. For many young people in China, companies are also a good opportunity for development. First of all, in a globalized economy, the flow of funds in the international market and the cooperation of various countries are good factors that promote the development of various countries. Although the capital flows overseas, this part of the capital will eventually have to participate in economic globalization. This part of the funds will not evaporate, but will exist in another form. For example, an Australian real estate company made 1000 million Australian dollars from the rich in China. Then he may take this 1000 million Australian dollars to invest in Chinese stocks, bonds, and so on. So the money went back to China. Or, he invests the money in an industry, and this industry has a good cooperative relationship with a Chinese company. This is another contribution to the Chinese economy. The second point is that some of the rich have gone abroad, so who will fill this vacancy in the domestic market? Don't worry about this. In such an environment of fierce market competition, there will naturally be other young people and even other companies to fill up, because they are booming. If you reduce some of the competitors, the bigger the market share you can divide, and it is also a better chance to get rich.

"Chinatown" trainee reporter Yao Meng Cai editor

Welcome to the news and discuss cooperation! Editor-in-chief of "Chinatown" WeChat/QQ: 28771796

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