In 2015, many clients of private banks have completed moving their assets overseas. The proportion of people with overseas assets reached 40 percent.

Wealthy Chinese overseas prefer purchasing stocks, financial derivatives and real estate.

In terms of choice of overseas investment destinations, Hong Kong, the United States and Canada are the main choices of high net worth clients.

Hong Kong is one of Asia's most important offshore private banking center, with strong professional base in the financial services industry.

It is the largest destination of high net worth families' overseas assets. Short distance and language inter-operability are important factors.

Factors that make high net worth customers choose Hong Kong, the United States and Canada as offshore wealth management destination include immigration and their children studying abroad.

Industrial Bank and The Boston Consulting Group (BCG) jointly issued a report on comprehensive development of China's private bank report titled "China Private Bank 2015: sail races, sailing with wind."

The scope of the research report covers random samples of more than 1,200 high net worth clients with net financial assets above 6 million yuan in 18 provinces, municipalities and autonomous regions in China.