Market Research Report
Emerging Opportunities in the Chinese Wealth Management Industry: Market Size, Strategies, Products and Competitive Landscape
|Published by||BRICdata||Product code||245169|
|Published||Content info||75 Pages
|Emerging Opportunities in the Chinese Wealth Management Industry: Market Size, Strategies, Products and Competitive Landscape|
|Published: June 18, 2012||Content info: 75 Pages||
The report provides detailed market analysis, information and insights, including:
China's GDP recorded strong annual growth of 9.5% in 2011, growth that is expected to continue over the forecast period. This makes the country an attractive investment location for wealth management firms. Moreover, China has the main components that comprise a high-growth wealth management market, including a very large and young affluent customer base, an improving wealth situation among the global Chinese population, a governmental desire to more tightly regulate the country's financial services, and an increasing share of organized companies as compared to the unorganized workforce. The volume of HNWIs in China increased at a compound annual growth rate (CAGR) of 8.96% during the review period (2007-2011), while the total wealth of China's HNWIs recorded a CAGR of 9.77% during the review period.