(Nov 29): Japan’s rich have the largest accumulation of wealth in the Asia-Pacific region, at US$7.7 trillion ($10.6 trillion), but the legions of Chinese millionaires are rushing to catch up.

The pool of wealth held by China’s high-net-worth individuals grew by more than 144% between 2010 and 2017, to reach US$6.5 trillion, according to the latest Asia-Pacific Wealth Report from consultants Capgemini. The equivalent rate of growth in Japan over the same period was about 87%.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook