Steel_Steel products_The price of steel_Langesteel

China's super-rich upbeat on domestic investment opportunities2019-6-10 8:51:38(Beijing Time) Lange Steel

China's super-rich community are growing steadily, and upbeat on domestic opportunities while allocating their assets, a report showed.

The number of China's high net worth individuals (HNWIs) with investable assets topping 10 million yuan ($1.45 million) reached 1.97 million by end-2018, according to the 2019 China Private Wealth Report released by global consultancy Bain & Company and China Merchants Bank.

They boasted total investable assets worth 61 trillion yuan, registering a compound annual growth rate of 12 percent.

A total of 23 provincial regions had over 20,000 local HNWIs by end-2018, while Guangdong, Shanghai, Beijing, Jiangsu, Zhejiang and Shandong each had over 100,000 HNWIs.

The Chinese super-rich are shifting their investment focus to the domestic market as the opening-up of capital markets and other factors create fresh opportunities, the report said.

The private banking clients are taking more balanced assets allocation and showing strong intention to seek professional asset management services, according to Jennifer Zeng, who is a partner in Bain & Company's Hong Kong office and leads Bain's Greater China Financial Services practice.

The report predicts that China's private wealth market will maintain steady growth in 2019, with total HNWIs reaching about 2.2 million and their wealth totaling 68 trillion yuan, both up 11 percent from 2018.

  • Lange Singapore Business Trip ..

    To build The Belt and Road \"iron and steel industry business cooperation platform, Lange steel network organized a series of international busin.....

  • TUBE, WIRE, METAL AND WELDING ..

    TEKNO is a biannual trade show covering the industries of TUBE, WIRE AND CABLE, WELDING AND CUTTING and METAL and is the best professional trade show .....

  • Lange Belt and Road Initiative..

    Lange Belt and Road Initiative Business Trip to Russia will hold on 6-10th June, 2017. At present, countries in Asia and Europe are at a critical s.....

  • The Iron & Steel Technology Co..

    AISTech 2020 — Steel's Premier Technology Event will be held at the Huntington Convention Center of Cleveland, Cleveland, Ohio, USA. T..

    2019-06-20
  • NASCC: The Steel Conference 20..

    NASCC: THE STEEL CONFERENCE IN ATLANTAAPRIL 22-24, 2020LOCATION: GEORGIA WORLD CONGRESS CENTER285 ANDREW YOUNG INTERNATIONAL BLVD NWATLANTA, GA 3031..

    2019-06-20
  • SteelOrbis Fall 2019 Conferenc..

    SteelOrbis is more than delighted to announce that the second SteelOrbis & IREPAS Conference of 2019 will be held at Hilton Dusseldorf Hotel on Se..

    2019-06-20