China's wealth management market will keep growing as the investable assets of Chinese individuals are expected to reach 62 trillion yuan ($9.8 trillion) by the end of 2011, an increase of 14.8 percent from a year ago, said a report of the Boston Consulting Group.
The number of high-net-worth households, or those with investable assets of more than 6 million yuan ($947,867), rose to 1.21 million at the end of 2011, up from 1.03 million in 2010.
Those households will see their combined investable assets reach 27 trillion yuan ($4.27 trillion), accounting for 44 percent of the country's total. The report also finds that 59 percent of that wealth comes from company profit, 14 percent from real estate investments, 12 percent from financial markets, 10 percent from deposit of salary and other welfare, and 5 percent from inheritance of property. |