China ages and its wealthy are looking for new ways to invest their money and secure their future, says a new report by Hurun and Taikang Life insurance. “The aging group expects to lead colorful and relaxed lives, and also to travel extensively after retirement,” Hurun chair Rupert Hoogewerf said to Global Times.
China´s rich donate relatively little to good causes, but when they do, they prefer to use their own platforms, not third parties, to do so. They try to avoid charities like the Red Cross, says Rupert Hoogewerf, chairman of the Hurun institute to VOA, and look for more creative ways to donate.
Despite a relative slowdown in the country´s economic growth, China´s luxury price index saw the fastest rise in five years outpacing the CPI, show the latest report by the Hurun Institute, according to the Shanghai Daily. Luxury property, health and education are the driving forces, says Rupert Hoogewerf, Hurun Chairman.
China´s rich make more money than ever, but charity is not keeping pace with that growth, shows the latest Hurun Philanthropy Report. Some “are leaders of the new pack, and it’s still early days,” says Rupert Hoogewerf, founder and chairman of the Hurun Institute to Barron´s.
The Hurun China rich list published its annual list of people giving to charities. Not only grew the amount of gifts year-on-year in 2016 50%, the givers organize their charity more professional and are better aware of its effects, tells Hurun Chairman Rupert Hoogewerf in the Luxury Daily.
Why is retail giant Suning going for one of Europe´s largest soccer clubs, while other Chinese tycoons went for the smaller fish? It is part of the firm´s global strategy, expending into Europe, says Rupert Hoogewerf, founder of the Hurun China rich list in the International Business Times.
Rupert Hoogewerf or Hurun gives more details from his China Luxury Tourism market 2016, where he details the spending habits of rich millenniums at CNBC. For those kids, hotel rooms for US$500 are a basic average.
A Hurun rich list survey under China´s rich millenniums, The Chinese Luxury Traveler 2016, shows that Asia is loosing out as travel destination. Japan and South-Korea still do well since they are close, says Hurun chief researcher Rupert Hoogewerf at TTG-Asia, “But in terms of aspirations, this generation wants to go farther.”
This year the Chinese outnumbered the American billionaires, but by 2020 they will replace the top spots at the global rich list, says China Rich List founder Rupert Hoogewerf in the People´s Daily. Hoogewerf predicts Jack Ma, founder and CEO of China’s E-commerce giant Alibabagroup will overtake Wang Jianlin, the property tycoon, as the wealthiest person on the Chinese mainland.
While China counts 1,420 people who can afford up to 1,750 business jets with a value of US$52 billion only 32 have done so, according to China Business Aviation Special Report 2016 jointly released by Hurun Report and Minsheng Financial Leasing. But there is a huge market to win, says Hurun founder Rupert Hoogewerf, in different Chinese media.