1. Friday May 25, 2018
      Home > News > Featured
      Text:| Print|

      U.S., Canada favored by China's third wave of emigrants

      2012-02-02 11:10 Ecns.cn     Web Editor: Wang Fan comment
      (Picture: CFP)

      (Picture: CFP)

      (Ecns.cn) – The number of Chinese investing overseas in order to emigrate has been soaring in recent months – about 60 percent of China's millionaires are considering leaving, or have already taken steps to do so, according to a survey jointly released by the Hurun Research Institute and Bank of China.

      Experts say a third wave of emigration has been taking shape in China, and its principal members are wealthy people, each of whom holds net assets of at least 60 million yuan (US$9.5 million). The U.S. and Canada are their most popular choices, according to Economic Information Daily.

      Third wave of emigration

      Since reform and opening up began in the 1970s, China has experienced three waves of emigration.

      People first moved to the West mainly in search of their family members, and the majority of these migrant workers later obtained permanent residence and settled abroad. Experts say many of these workers actually stowed away on ships to get into Western countries, and many died en route.

      In the 1980s, waves of Chinese began heading for non-Western countries, including India and Tanzania. They went abroad mainly as overseas students or skilled labor and wound up settling permanently.

      After 2002 – especially following the global financial crisis in 2008 – the third wave of emigration gradually began, formed by Chinese multi-millionaires eager to invest abroad and leave China in search of better education, cleaner air and greater social stability.

      Compared to the first two waves, this group has some new characteristics: the key difference is reflected in the wealth of the group, but the rapid growth of their numbers and their strong willingness to emigrate also makes them unique. Many of them are even celebrities and successful businessmen in China, experts say.

      Usually, residents of an impoverished country rarely emigrate, unless they become refugees, while citizens of a wealthy country will see no need to leave in the first place. Residents of a developing country, however, are the most likely to consider migrating.

      U.S. and Canada the top spots

      Moving overseas is now at the top of the wish list for China's wealthy. According to the survey of 980 Chinese mainland residents with assets of more than 10 million yuan (US$1.6 million) published by the Hurun Report and Bank of China, the U.S. and Canada are the most desirable destinations, followed by Singapore, Hong Kong and the U.K.

      According to another report released by Bank of China, high-yield opportunities are not the primary purpose of Chinese investment in the U.S. Instead, one-third invest mainly for immigration purposes, while half choose to focus on property investment, followed by foreign currency deposits, stock shares, financial derivatives, running businesses and insurance.

      A report released by Knight Frank, a leading independent global property consultancy, pointed out that overseas properties are undoubtedly the favored investments for Chinese people, though relatively speaking their value may not increase as much.

      China's rich consider many factors when choosing destinations to invest in, including the minimum investment requirement, the living environment, the time involved in the application process, immigration control, and the proof required for sources of revenue, said Wu Botao, a manager at China Citic Bank.

      Last year, compared to other nations, Chinese multi-millionaires benefitted most from the EB-5 Immigrant Investor Program in the U.S. Now, as long as one has at least US$500,000 to invest in projects listed by United States Citizenship and Immigration Services (USCIS), it is possible to get an EB-5 green card that comes with permanent U.S. residency rights, but only in states specified by the pilot project.

      The Hurun Wealth Report 2011 confirms that China had 960,000 individuals with personal wealth in excess of 10 million yuan ($1.56 million) in 2010, a 9.7 percent increase over the previous year. In the past three years, about 17 billion yuan ($2.63 billion) of capital has gone overseas.

       

      Comments (0)

      Copyright ©1999-2011 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 午夜网站在线观看免费完整高清观看 | 黄色网址免费观看| 亚洲一区二区三区AV无码| 免费的黄色网页在线免费观看| 国产又粗又长又硬免费视频| 亚洲av午夜电影在线观看| 成人免费网站在线观看| 中文有码亚洲制服av片| 真实乱视频国产免费观看| 亚洲国产成人久久综合| 亚洲国产婷婷综合在线精品| 免费大片av手机看片高清| 久久久久亚洲爆乳少妇无 | 毛片在线看免费版| 亚洲欧美精品午睡沙发| 精品国产一区二区三区免费看| 最新亚洲人成无码网www电影| 四虎永久免费地址在线网站| 一级毛片**免费看试看20分钟| 国产乱辈通伦影片在线播放亚洲 | 日韩一级视频免费观看| 男男gay做爽爽免费视频| 久久精品国产精品亚洲人人| 日韩精品无码免费专区午夜不卡| 亚洲AV无码专区亚洲AV伊甸园| 18成禁人视频免费网站| 亚洲人成人无码.www石榴| 亚洲成年看片在线观看| 国内少妇偷人精品视频免费| 亚洲伊人久久大香线蕉啊| 国产免费av片在线播放| 波多野结衣免费一区视频| 亚洲精品伊人久久久久| 亚洲精品tv久久久久| 84pao国产成视频免费播放| 亚洲欧美成aⅴ人在线观看| 国产亚洲精品无码拍拍拍色欲| 中文字幕免费在线| 国产精品亚洲一区二区三区| 国产亚洲综合一区柠檬导航| 日韩精品福利片午夜免费观着|