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China's Billionaires Surge 22.2% Amid Tech Boom

12/4/2025

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Summary

Story summary

Mainland China's billionaires saw wealth rise 22.2% to US$1.77 trillion in the year leading up to April.
The count rose from 427 to 470, placing China second after the United States.
Amy Lo Choi-wan, chairman of UBS Global Wealth Management Asia, says the tech sector is driving this growth.
There is growing interest in new economy companies among Hong Kong billionaires, especially in the tech-dominated IPO market.

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Story summary

Mainland China's billionaires saw wealth rise 22.2% to US$1.77 trillion in the year leading up to April.
The count rose from 427 to 470, placing China second after the United States.
Amy Lo Choi-wan, chairman of UBS Global Wealth Management Asia, says the tech sector is driving this growth.
There is growing interest in new economy companies among Hong Kong billionaires, especially in the tech-dominated IPO market.