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People visit a yacht on display during the 20th China (Shanghai) International Boat Show (CIBS2015) in Shanghai Nike Air Max 97 OG QS Metallic Gold Scontate , China, 9 April 2015. [PhotoIC]
The majority of China's billionaires have increased or maintained their financial investments but have shown less interest in putting their money into traditional industries, according to a report.

It said that more than 50 percent of respondents will increase investment in the financial sector and 43 percent will maintain the current level of their financial investments.

It also found that more than one-third of Chinese high net worth individuals surveyed said they expect to increase their investment in innovative industries such as information technology, biotechnology and alternative energy.

High net worth individuals are defined as having investable assets of more than 10 million yuan ($1.6 million).

There were more than 1 million such individuals in China last year-double the figure for 2010-according to the China Private Wealth Report 2015 released by China Merchants Bank and management consultants Bain & Co.

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The report, which covers about 2,800 Chinese high net worth individuals, suggests that the country's private wealth market will continue to grow in the near future and is projected to reach 129 trillion yuan this year.

This market saw 16 percent annual growth between 2012 and 2014 Nike Air Max 97 UL '17 SE Nere Scontate , reaching 112 trillion yuan last year, the report said.

The accelerated growth of innovative industries is driving the emergence of a new rich group-young Chinese under age 50 who have accumulated their wealth rapidly in recent years.

Alfred Shang, a Bain partner and co-author of the report, said Nike Air Max 97 Ultra '17 Nere Scontate , "Among the newly rich, we are seeing a more aggressive investment style, an openness toward alternative investments and increased focus on wealth creation-second only to wealth preservation as their primary wealth management objectives."

High net worth individuals have shown stronger interest in investing overseas. Nearly 40 percent of them and almost 60 percent of the ultrarich said they have such investments-increases of 19 percent and 33 percent from 2011.

With its convenient account services, low taxation and proximity to the Chinese mainland Nike Air Max 97 Ultra '17 Marrone Scontate , Hong Kong is the top region for overseas investment, followed by the United States and Australia.

Stocks, fixed-income products and properties are the most popular overseas investment products for China's super rich.

Long Yue, an alias for a billionaire in the Inner Mongolia autonomous region who declined to use his real name Nike Air Vapormax Flyknit Nere Scontate , said he invested mainly in the financial sector last year, including fixed-income company bonds, properties and overseas education products.

"Cross-border financial investment channels are becoming more available and convenient," he said. Long also put money into venture capital investment in the domestic market. He said the aim of his investment is to ensure the safety Nike Air Vapormax Flyknit Grigie Rosse Scontate , steady growth and global spread of his portfolio.

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Fundamental to our knowledge as human beings is the want to manage our environment.

We need to do this for many motives. The paramount a single is our survival. Next on this list is the adoration of other people today. We admire the purpose achievers in our culture and desire we could control our globe as they do. Not astonishingly we have created several items that symbolize our mastery of our planet.

The key one is prosperity alone. Soon after that comes all the symbols of wealth. It would seem that nearly everything high-priced andor challenging to get can be manufactured to display the globe how able a single is. Boats. Cars and trucks. Jewelry. Outfits objects. Residences.

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It would seem that from it is birth it was meant to play a part in distinguishing between the rich and the poor. Hundreds of years ago the materials involved in evening-time lighting had been high-priced sufficient to alienate all but the loaded in culture. As a consequence chandelier lighting grew to become the providence of the rich and this association has caught in peoples heads for hundreds of years.

Chandeliers adorn the halls of Buckingham Palace, the White Residence, and Celeb Mansions. And although our key impression of individuals who have chandeliers is that they are rich, modern manufacturing technology has created it possible for anybody to get a chandelier.

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