HNIs confident on prospects

High-net-worth individuals in China are now more confident than before about the country's economic prospects for the next two years, a new study said.

According to the Hurun Chinese Luxury Consumers Survey 2018 released on Wednesday, 46 percent of the 463 Chinese respondents with a personal wealth of at least 10 million yuan ($1.6 million) said they remained "very confident" about economic growth prospects, compared with 28 percent in the previous year.

The Shanghai-based Hurun Research Institute, which conducted the study, said that only 6 percent of the respondents were pessimistic on prospects, while that number was 9 percent a year ago.