A recent survey of Chinese millionaires found that 60% want to leave China. 14% have already left, or are in the bureaucratic process of leaving.
And where do Chinese millionaires want to go? 40% said they plan on moving to the United States. Canada and Singapore are also top choices.
According to U.S. Citizenship and Immigration Services (USCIS), the number of Chinese applicants for ‘investment immigration’ has exceeded applications from any other country!
Investment immigration basically means you’re being allowed to immigrate into the U.S. because you’re investing your wealth into the U.S. (minimum $500,000 required).
What’s the main reason Chinese millionaires want to move to the United States? They want better education for their children. Hah, I hope they’re not disappointed, like so many U.S. parents.
The survey was conducted by Hurun Report and the Bank of China.