First rich Chinese send their children. Then they invest in real estate. And then other investments and jobs for the locals follow. China Rich List founder Rupert Hoogewerf was the first to discover that trend, and his latest Hurun report shows the UK has been in 2015 a key winner of job creation, led by Huawei, he tells Xinhua.
In its report named “the UK Engaging the Chinese Private Sector 2015,” the institute highlights eight key findings, including Masters courses and boarding schools have been the most important drivers of personal connections with Chinese entrepreneurs; led by Huawei, Britain has seen notable rise in job-creating investments from China’s private sector.
Rupert Hoogewerf, Chairman and Chief Researcher of Hurun Report, said that the private sector of Chinese mainland is the most dynamic and the one with the brightest future.
According to a report released by UK Trade & Investment on Tuesday, China made 112 foreign direct investment (FDI) projects in Britain, becoming the fourth biggest FDI countries for UK in fiscal year 2014/15, which ended March 2015.
“There has been a clear evolution of Chinese wanting to send their children to the UK and US, whereas a decade ago it was Canada and Australia,” said Hoogewerf.
The education destination choice also bolsters the residential purchases for Chinese high net worth families in Britain. London was the only European city to make the Top 10 preferred cities for Chinese to buy residential property, according to Hurun’s report in June 2014.
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