Taiwan’s affluent people have an average of US$155,162 in liquid assets, the third-highest in Asia, next only to their peers in Hong Kong and Singapore, a survey released by HSBC on Thursday showed.
The HSBC survey showed rich people in Hong Kong and Singapore own an average of US$301,289 and US$183,145 in liquid assets, respectively.
Liquid assets indicate cash and other assets that can be easily converted into cash.
Wealthy Chinese ranked fourth with liquid assets averaging US$126,537, ahead of their Indian peers at US$87,769, Indonesians at US$61,697 and Malaysians at US$56,891, the survey said.
The survey also found that the affluent in the Greater China area prefer marketable securities and foreign currency savings to other investment options.
In Hong Kong, 87 percent of the rich have a stake in securities investments, compared with 71 percent and 70 percent in China and Taiwan respectively, the survey said.
Taiwanese spent about US$547,739 on stock transactions in the past year, the survey said.
The survey polled 2,072 people aged between 18 and 65 across Asia from February to April.
About 56 percent of rich people in Hong Kong have foreign currency savings, higher than their Taiwanese counterparts at 32 percent and Chinese at 21 percent, the HSBC survey showed.
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