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Wealth Management in China. - Book Report/Review Example
Author : ellsworth36
Finance & Accounting
Pages 4 (1004 words)
Wealth Management in China.
The paper provides an overview of the financial system of China from a cross country relative perspective. The paper reviews the potential wealth management business within China which is rising. …
To accomplish such an objective the country has to manage the resources of fund generation as well as try to control the negative forces that will cause hazards in the way of fund creations. Success in the process of efficient wealth management brings in job opportunities which reduces unemployment and also leads to the overall development of the country. But if strategic measures taken for the management of wealth are not appropriate, it may lead to serious problems and also affect the economy of the country. 2 Introduction China is the second largest wealth management country in Asia with considerable wealth creations driven by economic growth in the recent years which is unprecedented. Currently China has the second largest number of high net worth (HNW) individuals in Asia Pacific, i.e. about 1.3 million with a combined wealth of $4.3trillion. China accounts for 13.4% of the total HNW individuals and 28.2% of the ultra high net worth individuals (UHNWI) in the Asia-Pacific region with a growth rate of 7.8% in the Chinese market. The good aspect of the study is the demographic make-up of China that makes it extremely enticing to wealth managers as the population is educated and technologically knowledgeable. ...