Chinese appetite for structured products rises
ChinaÆs wealth-management industry, on track to hit $700 billion in 2014, is likely to be driven by guaranteed funds in the near term; Celent outlines which distributors should gain the most.
A report on the Chinese wealth-management industry finds guaranteed funds are likely to be the biggest driver in 2009 for a business that has already risen to $350 billion in size, and is on track to double to $700 billion over the next five years.Celent says by the end of 2007, individual financial assets in China had risen to $3 trillion, double the $1.5 trillion recorded in 2000, and on track to hit $5 trillion by 2014, thanks to high savings, steady GDP growth, and greying demogra…
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