The untold item from this story is many of these rich Chinese have setup "the last plane out accounts". That is they will stay in China,with much of their money tied up in factories and businesses, until last possible moment, then if required to flee (say the Communist Party turns Communist again) they have already socked away funds outside of their domicile so as to rebuild their wealth.
By Olivia Chung
HONG KONG - "Get rich - then get out" is the life message being grasped by
China's wealthiest citizens two decades after former leader Deng Xiaoping
supposedly declared that "to get rich is glorious".
About 60% of rich Chinese people intend to migrate from China, according to a
report jointly released by the Hurun Report, which also publishes an annual
China rich list, and the Bank of China. A separate study by US-based Bain &
Company and China Merchants Bank in April of 2,600 high-net worth individuals -
those who hold more than 10 million yuan (US$1.6 million) in individual
investable assets (excluding primary residences and assets of poor liquidity) -
found that about 60% of those interviewed had
completed immigration applications to other countries or had plans to do so.
About 14% of the rich Chinese people, each of whom has a net asset of more than
60 million yuan, said they had either already moved overseas or applied to do
so, according to the Hurun findings, which were based on one-on-one interviews
with 980 rich Chinese people in 18 mainland cities from May to September.
Another 46% said they planned to emigrate within three years, variously citing
higher-quality education available for their children overseas, better
healthcare, concerns about the security of their assets on the mainland and
hopes for a better life in retirement......read on