China’s Elite Worth 10 Times the GDP of Norway

The mainland economy may be going through a rough patch but its population of "ultra-rich" is at an all-time high, according to the Shanghai-based wealth-ranking company Hurun Report. A study of "ultra-high-net-worth" individuals made by Hurun Report and China Minsheng Bank found that, as of the end of September, the number of mainlanders with assets worth at least 500 million yuan (HK$633 million) passed 17,000, the most in the 15 years since Hurun launched its first China wealth...
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