The Wealthy Chinese Migration

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Written by Randeep Purewall

The United States remains the most favoured destination for Chinese investor immigrants for the third year in a row.

The recent study by Huran Report and Visa Consulting Group surveyed over 300 Chinese nationals on their preferred destination for emigration and overseas property purchases. The participants had a net worth between $1.5 million and $30 million with nearly half of them based in Beijing, Shanghai, Guangzhou or Shenzhen.

The survey considered eight criteria: education, investment preferences, immigration policy (only countries with investor immigration programs were considered), property purchase tax, medical care, visa-free travel and ease of adaptability.

The main reasons for emigration were the search for a better education and living environment (including escaping pollution in China). Those surveyed in China’s more developed coastal cities preferred the wealthier, coastal cities of the United States while those from China’s more polluted north-east, preferred destinations with clean air and access to nature, e.g. Sydney, New Zealand.

Top 10 preferred destination countries:

  1. United States
  2. Canada
  3. United Kingdom
  4. Australia
  5. Malta
  6. Portugal
  7. Ireland
  8. Spain
  9. Antigua
  10. Dominica

Top 10 preferred destination cities:

  1. Los Angeles
  2. Seattle
  3. San Francisco
  4. New York
  5. Vancouver
  6. Boston
  7. Melbourne
  8. Toronto
  9. New Zealand
  10. Sydney

Source: Hurun Research, Immigration and the Chinese HNWI 2017, July 15, 2017

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