Xi puts the willies up China's super-wealthy

The Chinese president's crackdown on corruption and excess is not doing much for wealth creation in the country, if the latest Wealth-X and UBS report is anything to go by.

Xi puts the willies up China's super-wealthy

Chinese president Xi Jinping’s crackdown on corruption and excess is clearly worrying the country’s wealthy, especially if the latest Wealth-X and UBS report is anything to go by.

China ranks a lowly 14th among Asian nations in terms of the growth in number this year of so-called ultra high-net-worth individuals UHNWIs people with $30 million or more in net assets. It is also an unimpressive 15th for wealth growth.

“Although Chinese...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: ubs | wealthx | china | hong kong | asia | wealth management

Print Edition

FinanceAsia Print Edition

EVENTS