How do Chinese rich spend their money?  

中國富豪把錢花在哪兒：青睞游艇飛機 最愛房地產

近日，某機構就中國新富豪生活方式的變化發布了一份重要的報告。中國目前有270萬名高凈值的個人，他們的個人資產達到95萬美元及以上;63,500名超高凈值(UHNW)的個人，其資產值達到1580萬美元及以上。 [查看全文]

(ECNS) – Luxury watches, yachts, and private planes are essentials for Chinese rich, but real estate is still their favorite investment field, people.com.cn said, citing a recent report on Chinese rich.

The report said China has 2.7 million high-net-worth (HNW) individuals, with a net worth of at least $950,000, and 63,500 ultra high-net-worth (UHNW) people, with a high net worth of $15.8 million.

Sixty percent of HNW individuals are male, with an average age of 39. Their major investments are in real estate and stocks, and their interests in fixed-income investments appear to be increasing. They own an average of three cars and four luxury watches, and have 20 days off a year. Golf and swimming are their favorite sports.

The average age of UHNW individuals is 41, and men account for 80 percent. Their wealth mainly comes from transactions in ownership of enterprises. Besides investments in real estate and stocks, they also have interests in art investment and unlisted companies. On average, they have three cars and six luxury watches. As for relaxation, they prefer to golf.

The report also said 73 percent of Chinese rich favor shopping in Hong Kong. They spend some $24,000 on purchasing gifts, and watches are their preferred item.

In addition, over half of the rich bought watches last year. And among the ultra high-net-worth people, more are buying yachts and private jets.