PUBLISHER: GlobalData | PRODUCT CODE: 1023471
PUBLISHER: GlobalData | PRODUCT CODE: 1023471
This report analyzes China's wealth and retail savings and investments markets, with a focus on the HNW segment. This includes overall affluent market size (both by the number of individuals and the value of their liquid assets). The report also provides analysis of the factors driving liquid asset growth, including a breakdown and forecast of total retail savings and investments split by equities, mutual funds, deposits, and bonds.
China's affluent segment (including HNW and mass affluent individuals) accounted for 5.6% of the total adult population in 2022. Despite the severe impact of COVID-19 in 2022, the country's wealth market has remained resilient, driving affluent population growth of 6.3% in 2022. The country's savings and investments market is observing a growing preference for robo-advice among HNW investors. Demand has been accelerated by the pandemic, which has been a catalyst for increased use of digital products and services