WOW, did outflows from high net worth individuals drop that much?
The number of outflows in 2018 was 15,000, but only 10,800 in 2022? ?
At the same time, the number of high-net-worth individuals was 1.97 million in 2018 and 3.16 million in 2022.
This means that the proportion of high-net-worth individuals who choose to immigrate has dropped from 7 per 1,000 in 2018 to 3 per 1,000 in 2022, a drop of more than 50%, which is surprising data.
According to the latest 2018 global immigration flow data map released by Visual Capitalist, it intuitively shows how high-net-worth individuals with assets greater than one million US dollars changed nationalities in the past year. China had the largest number of high-net-worth individuals with a net outflow of 15,000. , on the contrary, Australia absorbed the largest net inflow of 12,000.
The latest "China Private Wealth Report" released by China Merchants Bank and Bain shows that:
The number of high-net-worth individuals in China was 1.97 million in 2018, an increase of 400,000 compared with 2016; the average annual compound growth rate dropped from 23% from 2014 to 2016 to 12% from 2016 to 2018.
China Merchants Bank and Bain & Company jointly released the "2023 China Private Wealth Report" (hereinafter referred to as the report) with the theme of "Advancing and Improving". The number of high-net-worth individuals in China will reach 3.16 million in 2022, an increase of approximately 540,000 from 2020, with an average annual compound growth rate of 10% from 2020 to 2022. In terms of wealth scale, China's high-net-worth individuals will hold a total of 101 trillion yuan in investable assets in 2022, with an average compound annual growth rate of 9% from 2020 to 2022.