Hong Kong Overtakes New York To Become The World’s Largest Millionaire City

Hong Kong has overtaken New York as the world's largest ultra high net worth (UHNW) city, according to the World Ultra Wealth Report 2018. The UHNW population comprises individuals with a net worth of US$30million or more. In 2017 the world's UHNW population rose by 12.9% to 255,810 people. The US accounts for 31% of the … Continue reading Hong Kong Overtakes New York To Become The World’s Largest Millionaire City

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China’s Economy, Unfair Trade, And The Role Of Government

    On January 16th, 2010, Chinese President Hu Jintao made a visit to the Shanghai headquarters of UnionPay. A plaque commemorating the event urges the company to “step up the effort to internationalize and strive to build UnionPay into a major global brand for bankcards”. UnionPay has only 0.5% market share globally, but it dominates … Continue reading China’s Economy, Unfair Trade, And The Role Of Government