Download

The Chinese super rich are banking on foreign education for their teenage children as an investment.

Going overseas for a university degree has always been an option for the children of the wealthy, but now parents are sending their children overseas for secondary education too.

The United Kingdom is their first choice, with the United States second, according to the Chinese Luxury Consumer Survey 2017, published by the Hurun Report, which polled 400 parents who each had at least 10 million yuan ($1.6 million) in disposable income.

For undergraduate studies, the rankings are reversed, with the US topping the list, the UK second and Australia third.

In secondary education, Canada is the third most favored destination.

"We have been keeping a keen eye on overseas education as it indicates a trend in emigration," said Rupert Hoogewerf, chairman and chief researcher of the Hurun Report. "It is common practice for the rich to send their children overseas as a first step before they move to the country themselves when the children finish their education."

Zhuang Qian, a book retailer from Hangzhou, Zhejiang province, enrolled her 15-year-old daughter at Harrogate Ladies College in the UK in 2013.

"I want my daughter to receive a better education in etiquette and practical abilities than she would normally get in China," she said.

Tuition fees for the boarding school are nearly 10,000 pounds ($16,650) a term, including accommodation.

【Country's rich sending children abroad】相关文章：

★ Germany 'an appealing site' for expansion

★ Measures to boost financial markets

★ Concerns over radiation remain

★ Mayor vows action after killings of Chinese

★ Capital issues fresh warning of rain

★ Foreign ambassadors note strength of China's growth

★ Clinton on landmark visit to Laos

★ Soldiers in Mali seize power after attack on palace

★ Landslide kills 25 in Philippines

★ Smoke still clouding up movies and TV