Despite the volatility caused by the financial crisis, a significant chunk of China's rich is still getting richer. According to a HSBC survey tracking Asia's well-to-do, 34% of wealthy mainlanders are up to 25% richer than at the beginning of the year, while another 12% have seen their wealth grow by more than 25% in the same period. Only 25% are less flush than they were before.
Not everyone fared as well as the Chinese, however. In Singapore, 56% of wealthy individuals are less flush than six months ago. Other countries where the rich suffered were Taiwan, Australia, and India, where 51%, 49% and 44% of the rich lost out.
The survey was conducted by...
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