Business News

CCTV Script 22/02/17

This is the script of CNBC's news report for China's CCTV on February 22, Wednesday.

Welcome to CNBC Business Daily, I'm Qian Chen.

The overall number of millionaire migrants is rising. Last year, 82,000 millionaires migrated worldwide, up from 64,000 in 2015, according to a report released by New World Wealth.

Where are these millionaire immigrants coming from and where they are going?

The report shows that Australia, the U.S. and Canada are now the favorite countries for millionaires to move to.

An estimated 11,000 millionaires moved to Australia last year, making it the number one country for millionaire migrants.

Andrew Amoils of New World Wealth, said that when it comes to deciding whether to move and where to live, millionaires are looking mainly for a good education for their kids and personal safety.

"They want the best schools for their children and to feel safe," he said. "Climate, health care and cleanliness all follow those top two."

The U.S. ranked second with 10,000, followed by Canada with 8,000 and New Zealand with 4,000.

When it comes to where millionaires are moving from, New World said, France tops the list.

Fully 12,000 millionaires left France last year.

Millionaires are leaving France because of high taxes on the wealthy as well as rising religious tensions, Amoils said.

China ranked second in millionaire flight, with 9,000 leaving, followed by Brazil with 8,000, both India and Turkey with 6,000.

"At least in China, the millionaires who are leaving are being replaced by an ever larger number of new millionaires," Amoils said. "But you could argue that France is not creating as many, so it's a cause for concern."

For its study, New World looks at millionaires who are physically moving to a country for at least six months - as opposed to millionaires who may get citizenship or a house in a country but rarely live there. They define millionaires are those with $1 million or more in assets, minus their primary residence.

CNBC's Qian Chen, reporting from Singapore.