Wealthy Chinese see US real estate as a safe haven

Chinese millionaires increasingly see overseas investments like U.S. real estate as a way to preserve their wealth. The percentage of high net worth individuals (those with assets of $1.6 million or more) and ultra-high net worth individuals (assets of $16 mllion or more) with overseas investments has roughly doubled since 2011, according to a survey by consulting firm Bain & Co. and China Merchants Bank. Half of ultra-high net worth Chinese residents surveyed have overseas investments, and  60 percent of all those with overseas investments said they expect to increase them. Top markets for real estate investments included the U.S., Canada, Hong Kong and Singapore. Source: businesswire.com.