Regal immigration as the norm? Trillions of assets have been "hollowed out", and the reasons behind it are not simple

As we all know, many countries in Europe and the United States have low fertility rates, but their populations have maintained growth. The answer is immigration. A few days ago, Canada released the latest population data, as of the spring of 2021, the total population of about 36.992 million, an increase of 5.2% compared with 2016, and the main force of population growth mainly depends on immigration.

According to the "China International Migration Report 2020" released in 2021, Canada has become the world's number one destination country for immigration. The mainland, on the other hand, became the third largest exporter of immigrants. There have been several waves of immigration on the mainland, but most of them are immigrants who want to earn a living, study and so on, and today's immigrant groups are mainly rich people who go abroad with a lot of wealth.

There are 1,058 billionaires in China, and there are more and more rich people in China

In the past 40 years of reform and opening up, the mainland's economy has developed rapidly, and a large amount of wealth has been created, and a group of people have dared to be the first, worked hard in all walks of life, and accumulated a lot of wealth.

Judging from the number of people on the rich list, there are really more and more rich people in China. According to the "2021 Hurun Global Rich List", China's richest people with a net worth of $1 billion or more reached 1058, 362 more than the United States.

Of course, compared with China's population of more than 1.4 billion, the number of people who can reach a net worth of 1 billion US dollars is still very small. According to the 2020 Hurun Wealth Report, the number of wealthy households with 6 million assets in China has exceeded 5 million, and their total wealth is as high as 146 trillion yuan, which is 1.5 times the GDP of the mainland.

According to the "2021 China Private Wealth Report" released by China Merchants Bank, by the end of 2021, the size of China's high-net-worth population with investable assets of more than 10 million yuan will be nearly 3 million, and the asset scale will exceed 90 trillion yuan.

The number of rich immigrants is the largest in the world, and trillions of wealth are "hollowed out"

After many people become rich, the first thing they think of is to immigrate, transfer property, rather than give back to society, and continue to contribute at home. For example, Pan Shiyi of SOHO China, since 2013, has been selling assets, cashing out tens of billions of dollars to invest in the United States, and his wife and children have immigrated, but Pan Shiyi insists that he will not run. However, what people did not expect was that in 2020, he wanted to sell SOHO China, empty the assets of the mainland, and run away completely.

The Hurun Research Institute once made a report that nearly 60% of high-net-worth individuals with personal assets of more than 10 million yuan have completed investment immigration or are considering. That said, most of the rich people think about immigration.

The Asian and African Bank has released a "Global Wealth Migration Report", and in 2018, 15,000 rich immigrants in China immigrated, an increase of 50% year-on-year, ranking first in the world. As can be seen from the report, in 2018, 10.8 millionaires around the world chose to emigrate to other countries, with total assets reaching $204 trillion, of which 13.9% came from Chinese mainland.

It can be seen that these immigrant rich people, taking away at least trillions of wealth, can be said to be crazy "hollowing out" China.

Well-known rich people who have immigrated, such as Duan Yongping, founder of BBK who immigrated to the United States, Sun Hongbin, founder of Sunac Group, Cai Chongxin, vice chairman of the board of directors of Alibaba who immigrated to Canada, Huang Chulong, founder of Galaxy Group, Daniel Zhang founder of Haidilao, who immigrated to Singapore, Ji Qi, founder of Huazhu Hotel Group, and so on.

Even the wealthy, who do not immigrate, have set up offshore trusts to transfer their wealth to which the wealth of these entrepreneurs no longer belongs to Chinese taxpayers. Ma Yun, Liu Qiangdong, Lei Jun, Huang Zheng, Wu Yajun and other well-known rich people have set up offshore trusts, it is understood that almost all of the top 100 Chinese rich people in the Hurun wealth list have set up offshore trusts overseas.

Why are the rich and the regal keen on immigration? The reasons behind this are not simple

Many people say that China's development is getting better and better, and there are many opportunities, so why immigrate abroad? In fact, the reason behind this is not simple.

The first is to avoid taxes. When immigrating abroad, its company becomes a foreign-funded company, enjoying different treatment and saving a lot of costs. In addition, some countries have relatively light taxes, such as Singapore, where personal income tax is very low, while China's rich people pay up to 45% personal income tax. Earned 10 million, only 5.5 million in hand.

The second is property protection. To put it bluntly, it is the fear of being investigated, many rich people have original sins, and some money is not cleanly earned. For example, Pan Shiyi, who was eager to run away, many of his Shanghai branches actually charged more electricity bills to merchants, and was fined 86.64 million yuan, and then its Beijing Jianhua Land Company was fined 709 million yuan for tax evasion.

If Pan Shiyi successfully sells SOHO China in 2020, the property will be transferred abroad, and it will not be punishable if you want to.

The third is for the education of children. In foreign countries, as long as you have money, you can go to a good university, such as Pan Shiyi donated $15 million to Harvard University and Yale University, and his two sons successfully entered these two universities. According to the Hurun Research Institute report, nearly 80% of China's high-net-worth individuals (77%) prefer to send their children overseas for education, mainly considering high school (18%) and undergraduate (26%) education as a starting point for starting overseas studies.

Relatively speaking, the level of education in many european and American countries such as the United States is indeed higher, and the children of these rich people face fierce competition at home, but as long as they have money abroad, they can easily go to a good university.

In fact, many rich people, although they have immigrated, still settle in the country and make money at home, but their property has been transferred abroad. Therefore, the immigration of the rich is worth paying attention to, otherwise a large number of capital flights will not only affect China's real economy, but also cause serious loss of national wealth.