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According to Hong Kong "Wen Wei Po" reported that benefited from last year's stock market and property market are rising, and more and more mainland investment migrants to Hong Kong and other factors, the survey shows that Hong Kong in 2009 with 1 million Hong Kong dollars or more liquid assets of the number of millionaires, year-on-year increase of 13% to 394,000 people, the number of people for the history of the second-highest, and the mainland-born Hong Kong people accounted for the rich to reach 18%, the average liquid assets rose 12% to 3.8 million dollars.
The survey organization pointed out that the number of millionaires and wealth and the stock market is directly proportional to the HSI this year, if the HSI can regain over 23,000 points level, the number of millionaires is expected to exceed the 414,000 in 2007, a new record high. In addition, 52% millionaires for women, 48% for men, rich women for the first time more than the rich man.
The results of this survey were extrapolated from a sample of more than 6,600 Hong Kong residents aged 21-79 commissioned by Citibank and conducted by the City University of Hong Kong between early November and mid-December last year, using telephone interviews.
According to the survey, there were 394,000 people in Hong Kong holding HK$1 million or more in liquid assets in 2009, accounting for 7.3% of Hong Kong's adult population, an increase of 45,400 people or 13% from 2008, which is the second highest number recorded in the past seven years of the survey, second only to 2007 (414,000 people) when the highest number of millionaires was recorded.
The survey also showed that among the nearly 400,000 millionaires, 190,000 held liquid assets of $1-2 million, up 13% year-on-year; 123,300 held liquid assets of $2-5 million, up 8%; and 80,200 millionaires held liquid assets of more than $5 million, up 22%.
Among the millionaires, 52% were female and 48% were male, with an average age of 51. They held an average of $3.8 million in liquid assets, up $400,000 from 2008, and $9.5 million in net worth, up $1.5 million from 2008, of which 57% came from property net worth, while liquid assets accounted for 40%.
The survey also included the place of birth for the first time in the scope of the survey, the results found that as many as 18% Hong Kong millionaires were born in the Mainland. Mr. Chow Wing Tsan, Deputy General Manager of Citibank Global Consumer Banking Services, said that as the market is very interested in the number of mainland millionaires in Hong Kong, the survey this year will increase the number of relevant items, and I believe that there will be an increase in the number of mainland-born millionaires in the future.
Chow Wing Tsan pointed out that the increase or decrease in the number of millionaires has a lot to do with the trend of the HSI in that year, for example: the HSI was nearly 33,000 points in November 2007, and the number of millionaires reached a record 414,000 in that year; the HSI fell back to 13,573 points in November 2008, and the number of millionaires was reduced to 348,000; the HSI recovered to 22,219 points in November last year, and the number of millionaires also rose to 394,000 people. The number of millionaires also rose to 394,000 in November last year when the HSI rose to 22,219 points.
Chow Wing Tsan said that if the HSI can return to the 23,000 level this year, the number of millionaires in Hong Kong is expected to return to the level of 2007. Personally, I think there is a good chance that the HSI will return to that level this year.