Market Research Report
China Wealth Management: HNW Investors 2019
|Published by||GlobalData||Product code||919387|
|Published||Content info||42 Pages
Delivery time: 1-2 business days
|China Wealth Management: HNW Investors 2019|
|Published: December 16, 2019||Content info: 42 Pages||
The Chinese private banking industry is difficult to penetrate, but wealth managers that are aware of the local makeup of the high-net-worth (HNW) market will find it to be highly profitable. Chinese HNW investors have mainly sourced their wealth from earned income and entrepreneurship. While the largest chunk of HNW wealth is held via discretionary mandates, demand for robo-advice is forecast to rise.
The average portfolio is heavily invested in property, but local market volatility will drive demand for alternatives. Chinese HNW clients also show strong demand for auxiliary services, particularly holistic financial planning, with demand for all planning services also set to increase. As a result, a multi-service proposition is critical in China.
This report sizes the opportunity that the Chinese wealth market offers and analyzes the investing preferences, service requirements, and portfolio allocations of Chinese HNW investors. The report is based on our proprietary Global Wealth Managers Survey.