The Economist: Oliver Wyman On Wealth Management In China
June 07, 2021
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
Click here to read the entire article.