China's high net worth population are looking beyond their borders, and increasingly to the US, for returns on their investments, according to a recent survey.

More than 60 per cent of wealthy Chinese families plan to boost their overseas investments, with the US the destination of choice, according to a survey by FT Confidential.

Chinese investors appeared to be exploring new avenues for their $1.4 trillion in savings, according to the July survey, amid ongoing turmoil in their country's real estate and stock market. The US was identified as the preferred destination for 42 per cent of respondents, coming before Hong Kong, Australia, Canada and the UK.

Residential property was the most popular form of investment, according to the survey, and entry to good schools the top reason for investment. Correspondingly, the Miami Association of Realtors recently reported that China was the fastest growing segment of South Florida buyers.

β€œA recent report by UBS and PriceWaterhouseCoopers revealed that a new billionaire was created in China almost every week in the first quarter of 2015, which points to an increased outflow of investment that we must be prepared for,” said Peggy Fucci, chief executive of Florida-based OneWorld Properties. 

β€œThe data from the Financial Times survey further substantiates that as many as 460,000 Chinese students went abroad for education in 2014, bolstering that parents could be investing in property in order to ensure their children receive a great education.”