Hong Kong’s millionaires feel the pinch from pandemic, social unrest, while mainland Chinese peers go from strength to strength, Hurun Report shows

Hong Kong’s wealthy residents are feeling the pinch after a series of events that have devastated the local economy, according to analysts and new data, while their mainland Chinese counterparts go from strength to strength.Figures released on Monday by Hurun Report showed the number of US-dollar millionaires in Hong Kong fell in 2019 as the city was brought to a virtual standstill by a mass protest movement. It was the only Chinese city in Hurun’s top 10 to report a lower number in the period…

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