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Shanghai, Beijing to be third, fourth choices for billionaires: survey

English.news.cn   2011-04-07 11:47:32 FeedbackPrintRSS

About 14 percent of the respondents in East Asia said they would consider moving to China.

Paris, Tokyo, Brussels and Los Angeles took the third to sixth positions in the current rankings of world's top cities. Singapore is the top city in Asia, coming in at the seventh position globally. Beijing was the eighth and Shanghai the 18th. Hong Kong ranked the 17th globally.

The wealthy also said they expected some of the cities in Brazil, Russia and India to rise in their global rankings over the coming years.

"The three biggest winners point to a rebalancing within the Brazil, Russia, India and China (Bric) grouping, with the main cities to watch being Mumbai, Moscow and Sao Paulo. They look set for a dramatic upswing in their status, with each expected to climb by between six and eight places over the next decade," the report said.

The survey, covering 5,000 individuals who has wealth of over 1 billion dollars, was aimed to assess key markets across the world in terms of their provision of investment opportunities and their influence on global business leaders and the political elite, said Knight Frank and Cibi Private Bank.

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