China's high-net-worth individuals, or those with more than 10 million yuan ($1.45 million) in total assets, will increase most investments in their residences in the next three years, according to the Hurun Chinese Luxury Consumer Survey 2020.
Overseas investments have increased 4.9 percentage points after a three-year decrease to become the second-largest investment for high-net-worth individuals in China, followed by stocks and fixed-income investments.
Let's take a look at the top 10 areas in which China's high-net-worth individuals would increase investments in the next three years.
No 10 Currency
A woman shows commemorative coins for the Year of the Rat in Changzhou, East China's Jiangsu province, on Jan 17, 2020. [Photo/sipaphoto.com]
No 7 (Tied for seventh) Deposits in bank
An employee counts money at a bank in Huaibei, Anhui province. [Photo by Xie Zhengyi/For China Daily]
No 7 (Tied for seventh) Artwork
Visitors look at a work of art for auction during a media preview of the Christie's Hong Kong autumn auction 2019 in Hong Kong, China, Nov 21, 2019. [Photo/Xinhua]
No 7 Gold
A customer tries a golden bracelet at a jewelry store in Suzhou, East China's Jiangsu province. [Photo by Wang Jiankang/For China Daily]
No 6 Shops
A shop selling all kinds of gadgets is seen along a quiet street of Wudaokou in Beijing on Dec 10, 2019. [Photo/sipaphoto.com]
No 5 Funds
An employee addresses queries on wealth management products from a customer at a China Minsheng Banking Corp branch in Taiyuan, capital of the Shanxi province. [Photo/Xinhua]
No 3 (Tied for third) Fixed income
Fixed income, a type of investment security that pays investors fixed interest payments until its maturity date, has gain increasing popularity among China's high-net-worth individuals. [Photo/sipaphoto.com]
No 3 Stocks
An attendee takes a snapshot at the launch ceremony of the STAR Market in Shanghai. [Photo by Wu Jun/For China Daily]
No 2 Overseas investments
Potential investors inquire about overseas investment opportunities in Beijing on April 11, 2014. [Photo/sipaphoto.com]
