number of high net-worth individuals (HNWIs) in China has been on a
sharp rise in recent years, according to the 2017 China Private Wealth
Report released by Bain Consulting and China Merchants Bank.
The new analysis says there are approximately 1.58 million Chinese
millionaires who are currently holding around 165 trillion yuan (around
24.17 trillion dollars) in combined wealth as of the end of 2016. This
is 9-times the amount of millionaires and money they possessed a decade