Posted on 05/15/2022 2:00:28 PM PDT by blam
Hong Kong saw a net outflow of 65,295 and 66,334 residents in February and March respectively, according to the city’s official immigration data. The trend will remain strong, as a new poll revealed that nearly 80 percent of Hong Kong residents surveyed were interested in emigrating.
In mid-March, Bartra interviewed nearly 500 Hong Kong residents aged 18 and above through an online questionnaire. According to the poll, 79 percent of the respondents indicated that they are considering emigration or will consider this in the future; 48 percent indicated that it was “possible in the future,” and 31 percent indicated that they were “considering” the move.
The top three reasons for the consideration were for a better living environment (51 percent), to seek better education for their children (29 percent), and to obtain multiple foreign residence status and nationality (27 percent).
In addition, more than 40 percent of the respondents prefer investment emigration because it is simpler and more direct.
Bartra regional director Jeffrey Ling said the company received about 500 immigration enquiries in the first quarter of this year. In the past, 80 percent of successful immigration cases were professionals with stable income; and many high-income families in Hong Kong had the intention of emigrating. He believes that with the slowdown of the epidemic in Hong Kong and the cancellation of entrepreneur visas in the United Kingdom, it is expected that the number of applications to immigrate to Ireland this year will increase.
Lin said that with the immigration policy of the UK looking uncertain, and its complicated tax system, he expected some of his Hong Kong customers to consider immigrating to Ireland instead of the UK or Taiwan.
Ireland’s investment immigration program only requires immigrants to stay in Ireland for one day a year to retain their right of residence, making it easier for investors to manage existing businesses with greater flexibility.
Citi Survey: Hong Kong Millionaires Plummet By 15 Percent
Meanwhile, on April 26, Citibank released its “Hong Kong Multi-millionaire Survey Report 2021.”
It is estimated that by the end of last year, there were 434,000 “millionaires” with net assets of HK$10 million or more in Hong Kong, accounting for about 7.4 percent of Hong Kong’s population, or 1 millionaire for every 13 people. However, compared with a similar survey from the same period in 2020, that number had decreased by 15 percent, or 81,000 people. The 2021 survey was conducted between October 2021 and January 2022, with 3,786 Hong Kong residents aged 21 to 79 randomly interviewed by telephone.
In Hong Kong, a “multimillionaire” is defined as a wealthy person with a total net worth of HK$10 million (approximately $1,274,300) or more, and liquid assets of at least HK$1 million (approximately $127,400). The median net worth of these multi-millionaires was HK$15.7 million (about $2 million), a slight increase of 1.3 percent from HK$15.5 million (about $1,975,200) in the same period in 2020. About 70 percent of their assets are properties and the rest are current assets.
The report shows that the median current assets increased from 3.5 million to 4 million. Most people’s liquid assets are nearly half in cash, nearly 30 percent in stocks, and more than 20 percent in funds and bonds.
More than 30 percent said their investment strategy had shifted to a more conservative approach because the epidemic; they tended to hold more cash, with reduced stock holdings, reduced new investments, with new invests in low-risk products.
After two years of the pandemic, more than 70 percent of people said that their total assets had returned to pre-epidemic levels, and nearly 25 percent of them said that their total assets had increased compared to before the epidemic.
Around 30 percent of the multi-millionaires said they expect slight economic growth this year, with 24 percent feeling optimistic about the property market in the next 12 months, and nearly 60 percent taking a wait-and-see attitude.
Hong Kong’s Ultra-Rich Once Surpassed New York
In fact, Hong Kong was once the city with the most ultra-rich in the world.
According to the “The World Ultra Wealth Report 2018” published by Wealth-X in September 2018, Hong Kong surpassed New York, with more than 10,000 people having assets of at least HK$235 million (about $30 million).
According to the report, in 2017, the number of ultra-rich people in Hong Kong increased by 31 percent to about 10,000 people; New York is the city with the largest population of ultra-rich people in the United States, with nearly 9,000 people; Tokyo ranks third. At that time, the total number of ultra-rich people in the world was about 256,000, with total assets of $31.5 trillion.
As of 2020, New York ranked in first place with 113 multi-millionaires, followed by Hong Kong and the technology hub San Francisco in the second and third places respectively. In 2021, New York was still on the list, but Hong Kong and San Francisco had dropped off.
In 2021, China’s richest people had their worst year since Bloomberg began recording the wealth of the world’s richest in 2012. Regulations by the Chinese authorities targeting large private companies, especially high-tech industries, resulted in the loss of nearly $61 billion in assets for China’s richest.
Without going into some racial angle, Vancouver realized that they needed to limit rich Chinese from buying up their housing stock. US cities could have similar problems.
Mexicans and Hondurans are western-descended, at least partially and certainly more so than east Asians. They also speak at bastardized version of a European language, and many are devoutly Catholic. So I take it you’re all for immigration from south of the border?
All they wanna do is go to the ivy schools to displays minorities - Sarcasm kinda
Yeah they don’t get labeled ‘model minority’ for nothing. All the rest of us gain something by modeling ourselves a little bit after them.
these are the kind of smart educated immigrants I could support flooding into the US!
Yeah. And that’s the problem.
We don’t need any more immigrants, from any where.
For God’s sake when did we get turned some bloody Motel 6?
I so sick of our country being some dumping ground for every jabbering Third World mutt on the planet.
Hong Kong is for all intents and purposes just another mainland Chinese communist city now.
And at the end of the day, it was always a Chinese city. Leased to UK but still Chinese. And the British said no to taking their Hong Kong residents home with them when they left. Abandoned them. If there is anywhere they should go, anywhere with standing to claim help, it should be solely with the British. Not our problem, this is a Chinese and a Chinese-British matter.
I imagine the wretched jabbering mutts that constitute your ancestors who came to this country as immigrants might raise an eyebrow at your attitude.
“Just like Los Angeles.”
Yes, you are quite correct.
There wasn't agency of the government doing that when my people came here. And they faced discrimination as Irish Catholics. They wouldn't have taken charity anyway.
This isn't America in 1854.
This is the 21st.century, 2022 a.d.
And I think we're traveling at light speed to the end of this once great nation.
Same could be said for my Polish ancestors.
Prefer any western immigrants who can prove the ability to support themselves, regardless of where they come from. Keep in mind that, unlike Asian immigrants (who other then Filipinos were all but banned from the US from the late 19th century to the 1960s), there were little restrictions on Western Hemisphere immigration from any country until Hart Celler. Key above is any immigrant from a western culture who can support themselves.
Resting on the laurels of your ancestors is pretty weak. The immigration I was advocating for is the orderly, legal and controlled admittance of educated, motivated individuals who (statistically) become model Americans - self-sufficient, entrepreneurial, law-abiding contributors to society.
America is a country built on an idea, not a bloodline. White people are going to become a minority in the USA in this century. The western intellectual tradition that underpins it has to be transferred to people of non-western descent, or it will fail. Simple as that.
See my reply #34.
People like you are an enemy to people like me. You are supporting the great replacement so that my family can be under the rule of Asiatics. No thanks.
I’m advocating no such thing. Just projecting demographic statistics. Whether you like it or not, your great-grandkids will most likely be mixed-race, and there’s not a damn thing you can do about it.
Good for them, smart. Go to the UK.
I presume treason is a capital offense in China?
I doubt it.
To reverse the errors of the past 50 years, we need to prioritize Europeans for the next 50.
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