Hong Kong Island is teeming with the well-heeled, a survey shows. One in every seven adults on the island has enough in liquid assets to qualify as a millionaire - and they are as likely to be women as men.
Kowloon lags far behind, with one in 35 people a millionaire, while the New Territories fares marginally better with one in 28.
There are about 274,000 millionaires in Hong Kong - people with more than $1 million in liquid assets - according to the Citibank-commissioned survey. That is 5.3 per cent of the city's adult population.
The millionaires have on average about $4 million in liquid assets, up from the $3.4 million in 2004.
About one-third of those assets are deposited with banks, 32 per cent in stocks, 16 per cent in mutual funds and 8 per cent in bonds.
Of the liquid-asset millionaires, 82 per cent also own properties, 46 per cent of these with mortgages. About 41 per cent have cars.
The phone survey of 3,000 people, aged 21 to 79, in November also found remarkable parity in wealth between men and women who are millionaires.