The Wealth Management Landscape: China on the Rise
Report Summary
The Wealth Management Landscape: China on the Rise
In a huge potential market, staying power and commitment will dictate who wins the China prize.
London, 24 January, 2014 – Big, brash, and with numbers that make one's eyes water, China has been the charging behemoth of global economic growth for well over a decade, resulting in a growing Chinese high-net-worth segment. Responsible for nearly 50% of all individual wealth and dominated by first-generation wealth creators, this segment increasingly craves wealth management solutions. China represents perhaps the biggest prize available in the global wealth management sector, but its market characteristics—scale, regulatory environment, infancy, and speed of change—present a tough and evolving challenge for any wealth management business, big or small, local or foreign, to prosper. As yet, wealth managers have only accessed 12% of the growing prize.
This report tackles the wealth growth story in China and outlines China's new and growing wealth management segment. It considers the target market of wealth holders, historic and more recent relevant developments, the regulatory framework and guidelines, and the lead business models at play.
This 43-page Impact Report contains 16 figures and 22 tables. Clients of Aite Group's Wealth Management service can download this report.