According to a foreign media, a survey shows that the current allocation ratio of individual overseas assets in China is far lower than that in other countries, but as the globalization process of private wealth deepens, it is estimated that by 2020, China’s individual overseas asset allocation ratio will increase from the current 4.8% to about 9.4%, and the new market will have a scale of RMB 13 trillion Yuan.
According to a report on Singapore’s “Lianhe Zaobao” website quoted from Chinese media on June 24, the “China Private Bank 2016: Growing Against the Trend with Global Asset Allocation” report released by Industrial Bank’s (15.250, -0.10, -0.65%) and Boston Consulting Group on the 22nd shows that under the background of slowing economic growth in China, the wealth growth of high net worth individuals will remain very stable. It is expected that the average annual growth rate of high net worth investments in financial assets from 2015 to 2020 will be 15%, which is significantly higher than 6.5%, the predetermined economic growth rate in the same period, and China will become one of the largest high-net-worth customer markets in the world.
Analysis by the report indicates that the dramatic fluctuations in China's financial and investment markets last year made the investment of high net worth customers in China more diversified, especially as China’s economic globalization continues to deepen, the demand for global allocation of high net worth assets will increase significantly.
By Courtesy of PE daily