Hong Kong’s rich grow richer as stock boom lifts multimillionaires’ wealth, Citi says

Hong Kong’s rich grow richer as stock boom lifts multimillionaires’ wealth, Citi says

The number of affluent Hong Kong residents has risen slightly, as a stock market boom partly offset the impact of the gradually recovering property sector, according to a Citibank Hong Kong study. The population with total net assets of at least HK$10 million (US$1.3 million) increased by 1.3 per cent to 395,000 as of mid-June from a year earlier, the bank said. The bank surveyed more than 2,600 residents aged 21 to 79 in two periods - December …