(Beijing) – Some 19.38 million households in China own assets of more than 3.05 million yuan each, according to a survey by academics.

Some 9.8 million of those households own assets exceeding 5 million yuan, the survey found, and 3.7 million own assets of over 10 million yuan.

The survey was performed by researchers from the Survey and Research Center for China Household Finance at Southwestern University of Finance and Economics in Chengdu, Sichuan Province.