Chinese billionaires have 12% of the world’s wealth and counting

Chinese billionaires have 12% of the world’s wealth and counting

A new report by Forbes shows that, with the exception of the USA, China now has more billionaires than any other country on the planet.

Mainland China is now home to one hundred and fifteen billionaires. Hong Kong has thirty five and Taiwan twenty five.

Furthermore, almost all the billionaires in Thailand, Malaysia, Philippines, Singapore…

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2011 Wealth Report shows Asia catching the West

2011 Wealth Report shows Asia catching the West

`The 2011 edition of The Wealth Report by Knight Frank released on April 6th has revealed some interesting facts about high net worth individuals (HNWI) worldwide.

The report, produced in conjunction with Citi Private Bank, shows that globally HNWIs invest thirty five per cent of their wealth in prime real estate. This is second only to their investment in their own businesses…

China biggest spender on luxury property in London

China biggest spender on luxury property in London

London, United Kingdom: According to new research by Knight Frank, the Chinese are now the biggest buyers of luxury property in London, having overtaken investors from Russia.

Property investors from mainland China spent an average of £6.5 million (US$10.4 million) per luxury property between February 2010 and February 2011, beating the average of more than sixty other nationalities who bought property in…

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China top for luxury by 2020

On February 23, 2011, in Latest news, International, by OVG
China top for luxury by 2020

China top for luxury by 2020

According to a report by investment research group CLSA Asia Pacific Markets, China is set to become the world’s largest buyer of luxury goods by 2020.

Already equipped with bigger pay cheques and a strong desire to show off their new found wealth, the Chinese are buying up designer fashions such as handbags, watches and clothing.  Brands such as Louis Vuitton and Hermes have seen large increases in sales…

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China still buying up Europe

On January 27, 2011, in Latest news, International, by OVG
China still buying up Europe

China still buying up Europe

As the British Pound and Euro remain weak, and with European property prices at levels well below their 2007 highs, Chinese investors are continuing to buy up property in some of the most sought after locations in Europe.

China’s rich are buying up a diverse range of prime, luxury real estate which ranges from historic castles in Germany to Chateaus in France and villas on the Spanish Costas…

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Donald Trump to build luxury tower in Mumbai

Donald Trump to build luxury tower in Mumbai

Trump Organisation, the real estate and entertainment company, privately owned by businessman Donald Trump, has announced plans to enter the Indian property market by building the Trump Tower Mumbai.

In what will be Donald Trump’s first real estate venture in India, Trump Organisation will work alongside Indian property developers Rohan Lifescapes to construct the luxury residential project in Mumbai.

Rohan Lifescapes…

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Li Ka-Shing Hong Kong's richest man

Li Ka-Shing Hong Kong's richest man

According to the latest Hong Kong rich list published by Forbes Asia, forty of Hong Kong’s wealthiest people are US dollar billionaires.

In fact, the top forty super rich in Hong Kong are reported to have a combined net worth of US$167 billion.

Although this total has increased by US$28 billion since 2009, it still remains below the 2008 figure of US$178 billion.

Senior editor at…

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Asia has seen strong sales this festive season

Asia has seen strong sales this festive season

As European and US economies continue to suffer from the economic downturn; consumers in the West have been cautious and the retail market slower than usual this Christmas.

However, global retail brands have seen strong sales in Asia in the run up to the festive season.

Singapore’s popular Orchard Road shopping area was busy with foreign tourists during the past two months…

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Singapore laps up new Lamborghini

On December 20, 2010, in Latest news, International, by OVG
Lamborghini Aventador, LP700-4

The new Lamborghini – LP700-4

Despite the global economic downturn, the economy of Singapore shows no signs of slowing.

In fact, more than fifty orders have been received for the new, SGD$ 1.5 million, Lamborghini LP700-4; and it hasn’t even got a name yet.

The fifty orders were placed during a private preview in Singapore, which was the car’s first stop in Asia, before visiting Hong Kong, China and Japan.

Managing Director  of Lamborghini Singapore, Melvin Goh , said…

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Bank of China opens in London

Bank of China opens in London

The recent opening of the Bank of China in the heart of London demonstrates just how much of a stake China has in the U.K. and sends a clear signal to Chinese investors.

In fact, the Bank of China is already funding a £100 million (US$ 157 million) hotel at Queen Anne’s Chambers, near New Scotland Yard.

The Chinese bank is also financing the purchase of a £32 million…

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