More of Country's Rich Own Overseas Assets, Report Says

(Beijing) -- Wealthy people on the Chinese mainland are transferring more of their assets overseas, a report by the Boston Consulting Group (BCG) and China Construction Bank says.

A BCG representative linked the transfers to a desire for better investment returns, asset security and privacy.

The report, which studied 4,000 mainland bank customers with personal investable assets of more than 6 million yuan, found that 28 percent of them owned overseas assets in 2012, up 11 percentage points on 2011.