Shenzhen Leads Global Millionaire Growth with 10% Surge in 2023
Thursday, 16 May 2024, 02:02
Shenzhen's Leading Growth in Millionaires
In a surprising turn of events, Shenzhen has witnessed a significant surge in millionaire population, marking a 10% increase in 2023.
Beijing and Shanghai's Decline
Contrastingly, Beijing and Shanghai have experienced a decline of about 5% in their millionaire counts, mainly due to an exodus of high-net-worth individuals from China.
Impact on Wealth Distribution
Shenzhen's growth underscores its emergence as a top destination for affluent individuals, potentially reshaping the wealth landscape in the region.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.