This paper looks at the available data about the number of high and ultra-high net worth individuals in China in order to assess the potential for Family Offices in the country. It also considers the possible investment preferences of the Chinese outside China as external capital controls become liberalized. The paper surveys the current state of knowledge published in Rich Lists and investment bank reports and finds that their predictions are contradictory. The paper concludes that there remains much uncertainty about the number, location and asset holdings of the wealthy individuals and families existing in China.