Wealthy Chinese – Almost half of want to leave

Nearly half of wealthy Chinese are planning to move to another country within the next five years, according to a new Barclays survey.

The survey, which questioned more than 2,000 high net-worth

individuals with more than $1.5 million in total net worth, found that 47% of Chinese respondents said they want to move, compared with a global average of 29%.

Singaporeans were the second-most eager to flee home, with 23% planning to relocate in five years, followed by 20% for the U.K. and 16% for Hong Kong. Indian and American rich are the least likely to move, with only 5% and 6% of respondents saying they would relocate.

The top reasons Chinese cite for moving abroad are better educational and employment opportunities for children (78%), economic security and desirable climate (73%), and better health care and social services (18%). Hong Kong is their top destination (30%), followed by Canada (23%).

Chosen excerpts by Job Market Monitor. Read the whole story at Almost Half of Wealthy Chinese Want to Leave, Study Shows – China Real Time Report – WSJ.