Central Hong Kong, as seen from the city’s West Kowloon Waterfront Promenade. Hong Kong had more US dollar millionaires in 2018. Photo: Sam Tsang
Hong Kong has more US dollar millionaires this year, as calmer streets boost confidence and perception of wealth
- As of May 2020, there were around 504,000 people in Hong Kong worth HK$10 million (US$1.29 million) or more in total assets, according to a Citibank report
- ‘Investors estimated their wealth with respect to the general market sentiment and short-term social events,’ says Citibank Hong Kong’s retail bank head Josephine Lee Kwai Chong
Central Hong Kong, as seen from the city’s West Kowloon Waterfront Promenade. Hong Kong had more US dollar millionaires in 2018. Photo: Sam Tsang