For Shanghai HNIs, health beats wealth

High networth individuals in Shanghai, particularly middle-aged ones, have a new motto: health is greater than wealth. They are actively planning for a post-retirement, health scare-free life.

According to a survey report released jointly by Beijing-based insurer Taikang Insurance and Hurun Report that documents the lives of the wealthy, 75 percent of Shanghai's rich people with a minimum personal wealth of 10 million yuan ($1.57 million) take a medical test every year.

That is not all. About 12 percent of them subject themselves to a medical test every six months. While the majority still do so at domestic public hospitals or physical examination institutions, 20 percent of them choose domestic private hospitals.