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As rich HK residents shun property, Shanghai tries to win them

Posted on 02 March 2012

Hong Kong residents belonging to the elite, millionaire circle are still not keen increasing their property investments this year, according to a Citibank consumer survey recently released indicating the investment trends of the Chinese city’s affluent class.
The survey said that 40% of the wealthy Hong Kong residents with at least a million in liquid assets cited that their preferred investment is in currency-related deposits because of the relative strength of the yuan or renminbi………………………………………….Full Article: Source


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