Rupert Hoogewerf, founder of the Hurun rich list, was one of the first to signal China´s rich are leaving the country massively. Now he has dived further into the motives, and found that finding good education for their children is one of the most important reasons, he tells in Fortune.
Category Archives: education
When China´s rich set up shop abroad, they often follow a pattern, explains Hurun founder Rupert Hoogewerf in the China Daily. The first step in that process is sending their children to a specific country, to explore the situation. That is why education is a key tool for the emigration process.
Eighty percent of China’s super rich send their children abroad for education, mostly to the US as the most popular destination and with the UK on the second place, told Rupert Hoogewerf, founder of the Hurun China Rich list on Friday, according to the ECNS.
Author Zhang Lijia ran into a professor who gives PR training to local government officials in charge of guarding stability, or weiwen. Important that they learn about communication and PR, but not enough, she writes on her weblog.
Is e-learning a good way to deal with China’s shortage of qualified teachers? One of the questions in the debate on the future of online education, moderated by WSJ’s Wei Gu, with Yat Siu, chief executive of Outblaze, and her WSJ colleague Jake Lee.
Students at Eton and other elite colleges in the UK, the US and Switzerland might be heading for holidays, their places are taken over by summer school students, increasingly Chinese. WSJ wealth editor Wei explores with Shanghai-based organizer William Vanbergen this recent trend. Exams and tests have to limit the numbers.
US youngsters are lagging more in financial literacy than those in China, Michael Justin Lee, Lecturer at the Center for East Asian Studies at the University of Maryland discovered when he dived into a comparative study by VISA International. “A crappy return on investment,” he writes in ChinaUSFocus.
Chinese investors were among the more daring, but have become more conservative over the past two years. WSJ wealth editor Wei Gu discusses the change with Jennifer Zeng, Partner at Bain & Co., as wealth management products take over from stocks and real estate.
The world’s financial systems are out of balance. Professor Michael Justin Lee discusses what both countries need to face the future, in terms of reforming their educational approach. “China has its technical basis, but needs to teach people how to become entrepreneurs.”
The majority of China’s billionaires sent their kids abroad for education, an international outlook, to prepare to take over their business later, tells HURUN China Rich list founder Rupert Hoogewerf in the China Daily.