男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Global EditionASIA 中文雙語Fran?ais
World
Home / World / Europe

Chinese wealth market receives healthy report from annual check-up

By Wang Mingjie in London | China Daily Global | Updated: 2021-06-09 16:24
Share
Share - WeChat

The Chinese wealth market remains resilient, despite the impact of the COVID-19 pandemic, and is driving the growth of the affluent population on the Chinese mainland, according to a new study.

London-based data and analytics company GlobalData predicts that by the end of 2021, this population, including mass affluent investors holding liquid assets of $50,000–$1 million and high net worth (HNW) individuals with liquid assets of more than $1 million, is expected to grow by 9 percent, to reach 58.2 million.

According to the company's wealth market analytics, the number of affluent individuals recorded an average annual growth of 9.3 percent between 2016 and 2020, rising from 36.6 million to 53.5 million. China is now home to the largest affluent population in Asia and the second largest globally, with only the United States lying ahead.

As the first country to fight the COVID-19 pandemic, China was expected to take a hit in its retail savings and investments markets last year. The report said the strong growth in financial assets enjoyed by China's affluent population in recent years had suffered a slight dip in early 2020, as early pandemic control orders bit into economic activity, compounded by the trade dispute with the US which caused additional disruption.

Ravi Sharma, lead banking and payments analyst at GlobalData, said: "While China was affected by COVID-19 initially, the country was among the few countries which have been able to suppress the virus to a large extent.

"With negligible infections, a relatively early restart of domestic economic activity, stimulus deployed by the government coupled with increased manufacturing sector for export, China was able to a sustain a marked rebound in its overall saving and investments market in the second half of 2020," he added.

China was the only major economy that recorded positive 2.3 percent year-on-year growth last year, and that has supported robust growth in its affluent population not seen anywhere else in the world over the same period, the report said.

The study indicated China's wealth resilience was aided by its deposits in retail investment markets, a common enough feature of developing markets and one that has shielded many from the loss of wealth suffered by equity investors elsewhere.

However, GlobalData anticipates a slight shift among Chinese investors away from deposits and towards equities and mutual funds once the pandemic subsides completely.

The Shanghai Stock Exchange Composite Index recovered from the losses incurred early last year, with the stock market index registering 13.9 percent growth in 2020, fuelling an appetite for riskier assets among investors from Chinese mainland, which is likely to support a rosy growth forecast this year, according to the report.

Sharma said: "2021 is expected to be a strong year for the investors including the affluent Chinese. Even though China began its recovery earlier than the rest of the world, its economy and financial markets will continue to expand, supported by its recent modest financial liberalization which increases foreign access to its capital markets."

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 西林县| 伊吾县| 准格尔旗| 靖州| 汝城县| 白河县| 靖安县| 大邑县| 社会| 苏尼特左旗| 集安市| 濮阳市| 云浮市| 平舆县| 金门县| 突泉县| 当雄县| 依安县| 钟祥市| 榆社县| 八宿县| 迭部县| 龙南县| 炉霍县| 杭锦旗| 西峡县| 称多县| 高淳县| 永安市| 周宁县| 南阳市| 灌南县| 东源县| 专栏| 章丘市| 合水县| 凉城县| 玉山县| 新野县| 扎赉特旗| 佛教|