Saved Papers

Save papers so you can find them more easily!

Join Now

Get instant access to over 100,000 papers.

Join Now!

Wealth Management In China

Wealth Management in China

Executive Summary

China’s rapid economic growth has created many multi-millionaires, especially in the major cities and coastal regions. The wealth management business is an emerging business in China yet growing significantly fast.

According to the Chinese Wealth Management Market Report by Boston Consulting Group(BCG), China is the largest wealth management market in Asia (exluding Japan), the total household financial wealth has reached $2.5 trillion. From 2001 to 2006, China had the highest compound annual growth rates (CAGRs) in asset under management (AuM), at 23.4 percent, while the global average stayed at 8.6 percent. In 2006 only, total AuM in China increased by 31.6 percent. BCG predicted that in the next years, the household financial wealth in China would keep increasing by around 17.4 percent annually and by 2011 the total asset under management would reach $5.5 trillion. (Shanghai Securities Daily, 2007-10-31)
The fast growing......


View the rest of this paper...

Approximate Word Count: 2960
Approximate Pages: 12 (250 words per double-spaced page)

Why should you join Frat Files?

  • - It's safe, secure, and private.
  • - Instant access to over 100,000 papers. New papers are added hourly.
  • - Fast and reliable customer support.

Credit Card

PayPal

Bank Account

Similar Essays

  1. Wealth Management In China

    wealth management in China Wealth Management in China Executive Summary China's rapid economic growth has created many multi-millionaires, especially in the major cities and

  2. China - Hrm Issues

    China - HRM issues Issues affecting International Human Resource Management in China The significance of culture in international HRM Managing Diversity Organisational structures

  3. Comparative Management Practices In China And The West

    Comparative Management Practices in China and the West Comparative Management Practices in China and the West It is true to say that globalisation is a two-way street. As

  4. Lenovo Strategic Management

    Management Individual Research Report Title: Strategic Management of Lenovo in Mainland China PC Market [pic] Name: FIN Number: Course Enrolled: Date of Submission: Table of

  5. Citigroup

    groups – Global Consumer, Corporate and Investment Banking, and Global Wealth Management. In addition to two stand-alone businesses, Citigroup Asset Management and Citigroup