The survey of more than 2,000 individuals around the world, all with personal wealth over $1.5 million, showed Chinese are more eager to emigrate than the very well-off in any other region.
Forty-seven percent of rich Chinese planned to move abroad in the next half-decade. That compared with 23 percent in Singapore and 16 percent in Hong Kong. One-fifth of rich Brits intended to emigrate, while only 6 percent of Americans and 5 percent of Indians had that plan, reported the South China Morning Post today, citing the report.
Hat Tip Rohit
Some stuff I am reading today morning:
Why you shouldn’t invest like your parents (ET)
WPI Inflation Vs The Repo Rate (Mint)
Buying a diesel car makes less economic sense now (FE)
Fund raising via QIPs reaches record highs (BS)
Why some anomalies seem to persist (Swedroe)
On the advantages of mechanical strategies (Systems Trader)
Carl Icahn drives a hard bargain at work and at home (Dealbreaker)
The one word every IPO investor needs to know (Daily Reckoning)
Where is the money?Perils of investing abroad (CBC)
Warren Buffett on learning from Ben Graham (ValueWalk)