While Europe remains stuck in financial crisis, luxury yacht makers are involved in a flourishing amount of projects for China's new rich class. And this is Hong Kong International Boat Show yacht makers from around the world are grinding it out for a piece of the pie. Let's take a look. It seems the search for flush Chinese shoppers is pride EU manufacturers away from their homeland and over to China itself. Steffanoluska explains why Chinese shoppers are willing to shell out for European boats. Their $2 million boat is made only for Chinese. Its exterior resembles a golden cart, a fish which symbolizes good fortune in China. According to the latest Hu Rian Welter Report, the number of Chinese with a fortune above 100 million yuan has surpassed 63,000 and has grown with a yearly rate of 6%. Among them, 15% have planned to buy pleasure boats. But dealers say the Chinese mainland market is still in its infancy. There's never been any pleasure boats in China previously in China's history. So this whole new rich man's toy is very, very new to them. It wasn't new for them in ancient times, but not now. Analysts say most rich Chinese would rather buy high end cars, Swiss watches, or traditional houses costing tens of millions like this one in downtown Beijing. Still, the dealers here in Hong Kong are confident of their business. The main lenders they prefer to buy boats in Hong Kong so that they don't have to pay the 43.5% tax. And they also say since there are a few local competitors, now it's a good time to enter the Chinese market. Jane Chao, CCTV.