The Hurun Research Institute recently released a new report documenting immigration trends of high net worth individuals (HNWI) for 2017. The study, titled Immigration and the Chinese HNWI 2017, explores key questions regarding global asset allocation, emigration and overseas property purchases. The report was accompanied by the Chinese Immigration Index 2017, which ranks the most suitable nations for China’s HNWI investment immigration and the preferred property purchases and emigration destinations. The report data was based on a survey of more than 300 Chinese HNWIs who have emigrated, are applying to emigrate or plan to do so in the future.
According to the report the United States once again is the most popular emigration destinations for Chinese HNWI with Los Angeles as the preferred destination for nearly 18% of respondents. For the first time in the reports history it revealed different emigration preferences for China’s Southern and Eastern regions as compared to the North and the West with HNWI’s from China’s South and East preferring the developed coastal cities in the U.S. while Northern and Western HNWI’s preferred cities with access to nature and clean air such as cities in New Zealand and Sydney.
The report also highlights some of the concerns that current and potential emigrants have such as long waiting times, language barriers, and application difficulties among other.