Judging from the nationality distribution of high-net-worth clients, 6 percent of high-net-worth clients have emigrated, and most of the other are still Chinese citizens.
Emigration is already a favorite topic of China's high net worth clients, and many of them have already sent their children abroad. Compared to offshore centers in Europe and the United States, Hong Kong and Singapore in Asia-Pacific region have the cultural and distance advantages.
Hong Kong is the largest destination of high net worth families' overseas assets. Short distance and language interoperability are important factors.
On the other hand, due to the needs of children study abroad and immigrant, the United States and Canada become the second and the third largest Chinese overseas wealth concentration destinations. Chinese customers are unfamiliar with their legal environment and culture, which to some extent hinders their interest in these places. For customers in China, especially private entrepreneurs who are known as "the first generation of the rich", legal, political, and cultural knowledge gaps between China and the United States and Europe lead to the fact that Hong Kong and Singapore have more potential in serving Chinese customers.
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