Discover the intricacies of the thriving China Wealth Management Market with our comprehensive analysis. Explore market trends, investment strategies, and the evolving financial landscape shaping wealth management in China. Stay ahead in this dynamic market, as we unveil opportunities and challenges that redefine the future of wealth management in the world's second-largest economy.
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The key HNW asset allocation classes in the China wealth management market are alternative investments, bonds, cash, commodities, equities, and property. Equities remain the leading asset class among China’s HNW individuals. The property market saw a fall in investment as China experienced declines in property prices and home sales. It is expected that policies to assist homebuyers and property developers will stabilize this space in 2023. Alternative investments are also rising in the HNW portfolio as investors look for uncorrelated returns amid currently volatile market conditions.
The India wealth management market is segmented into asset bands such as mass market, emerging affluent, mass affluent, and HNW. Chinese affluent individuals favor traditional investment avenues such as deposits and real estate. The country’s property market was booming with increasing property prices until 2021, but it slumped in 2022 amid the impact of the government’s zero-COVID policy. Chinese affluent individuals have a high propensity to save, resulting in the country having the highest savings rate in the world. As a result, personal savings such as deposits account for a strong proportion of the wealth accumulated by affluent individuals in China.