Personal security services take off in China

With personal wealth surging in China, people are finding a need for high-end professional security services.

In developed cities like Beijing, Shanghai and Guangzhou, where entrepreneurs, businessmen, film stars and other high-net-worth celebrities abound, demand for personal bodyguards has spiked in the past few years.

By the end of last year, there were 1.67 million Chinese whose individual investable financial assets were valued at 6 million yuan ($870,000) or more. The country has 658 dollar-billionaires, the highest number globally. With 103 dollar-billionaires in Beijing, the city tops the Hurun Rich List 2019 for the fourth consecutive year.