The Economist: Oliver Wyman On Wealth Management In China

Foreign asset managers are eyeing China’s vast pool of savings but do they stand a chance against home-grown competitors?

The pool of money could be worth 120trn yuan ($18.8trn), which includes investments made by everyone from the average saver to the ultra-rich in mutual funds, trusts, wealth and other asset-management products. The pot could hit 320trn yuan by 2030, reckons Oliver Wyman, a consultancy, as more people grow comfortable giving their money to managers instead of picking their own stock investments or buying property

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