(Photo/China Daily)

Over 70 per cent of High Net Worth Individuals (HNWIs) have been found to be interested in high-end retirement communities, according to a report jointly released by an insurance company and a financial institute.

The number of HNWIs in China has risen to 1.21 million by May 2015, with a year-on-year increase of 11 per cent, the most ever, according to the Retirement Planning and Healthcare of Chinese HNWIs 2015 report, carried out by Taikang Life Insurance and the Hurun Research Institute.

The report shows that there are now 78,000 HNWIs worth over 100 million yuan in Chinese mainland, an increase of 16 per cent year-on-year. Hong Kong has 11,000 and Taiwan 9,000. The numbers of HNWIs with a fortune of 10 million yuan in Hong Kong and Taiwan are 198,000 and 167,000 respectively.

Public hospitals, especially tertiary public hospitals, are the first choice for HNWIs, the report indicated. According to the report, HNWIs in China will most likely try private hospitals in the coming three years, 54 per cent of whom will choose Chinese private hospitals and 48 percent of wh om choose foreign ones.

“HNWIs are inclined to choose both retirement and medical treatment for their retirement plans," said Hu Run, the publisher and the principal investigator of the Hurun Report.