China Wealth Management – Market Sizing and Opportunities to 2026
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China Wealth Management Market Report Overview
China’s affluent segment (including the HNW and mass affluent individuals) has experienced steady growth in recent years. The China Wealth Management market research report analyzes China’s wealth and retail savings and investments markets including the overall affluent market size. The report also provides an analysis of the factors driving liquid asset growth, including a breakdown, and forecast of total retail savings and investments split by equities, mutual funds, deposits, and bonds.
Key Asset Bands | · Mass Market
· Emerging Affluent · Mass Affluent · HNW |
Key HNW Asset Allocation Classes | · Alternative Investments
· Bonds · Cash · Commodities · Equities · Property |
Leading Players | · The People’s Bank of China
· UBS · BangNiTou · Vanguard Group · Ant Group · China Merchants Bank · ICBC |
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China Wealth Management Market Dynamics
There has been a rise in the share of wealth invested in equities, ETFs, and mutual funds in China. Emerging affluent individuals follow an investment allocation pattern like mass market investors. However, as they possess greater wealth, they are more risk-tolerant, with a greater capacity to invest. As a result, they are more inclined to hold assets in equities, mutual funds, ETFs, and bonds. Moreover, risk appetite has increased across all segments, with more wealth allocated to risk-on assets such as equities, mutual funds, and ETFs in 2022.
China Wealth Management Market Segmentation by Asset Bands
The India wealth management market is segmented into asset bands such as mass market, emerging affluent, mass affluent, and HNW. Chinese affluent individuals favor traditional investment avenues such as deposits and real estate. The country’s property market was booming with increasing property prices until 2021, but it slumped in 2022 amid the impact of the government’s zero-COVID policy. Chinese affluent individuals have a high propensity to save, resulting in the country having the highest savings rate in the world. As a result, personal savings such as deposits account for a strong proportion of the wealth accumulated by affluent individuals in China.
China Wealth Management Market Analysis by Asset Bands, 2022 (%)
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China Wealth Management Market Segmentation by HNW Asset Allocation Classes
The key HNW asset allocation classes in the China wealth management market are alternative investments, bonds, cash, commodities, equities, and property. Equities remain the leading asset class among China’s HNW individuals. The property market saw a fall in investment as China experienced declines in property prices and home sales. It is expected that policies to assist homebuyers and property developers will stabilize this space in 2023. Alternative investments are also rising in the HNW portfolio as investors look for uncorrelated returns amid currently volatile market conditions.
China Wealth Management Market Analysis by HNW Asset Allocation Classes, 2022 (%)
For more asset allocation class insights into the China wealth management market, download a free report sample
China Wealth Management Market - Competitive Landscape
Some of the leading players in the China wealth management market are The People’s Bank of China, UBS, BangNiTou, Vanguard Group, Ant Group, China Merchants Bank, and ICBC.
China Wealth Management Market Analysis by Players, 2022 (%)
For more player insights into the China wealth management market, download a free report sample
Scope
• HNW individuals constituted only 0.2% of the total adult population of China in 2022.
• An investment platform at a main bank is the preferred investment channel among Chinese investors across all affluent classes considered.
• Equities remain the most popular investment avenue for Chinese HNW investors, indicating their preference for investment asset classes that yield high returns.
• Chinese HNW investors’ investment portfolios are heavily skewed towards discretionary mandates.
Key Highlights
- HNW individuals constituted only 0.2% of the total adult population of China in 2022.
- An investment platform at a main bank is the preferred investment channel among Chinese investors across all affluent classes considered.
- Equities remain the most popular investment avenue for Chinese HNW investors, indicating their preference for investment asset classes that yield high returns.
- Chinese HNW investors’ investment portfolios are heavily skewed towards discretionary mandates.
Reasons to Buy
- Make strategic decisions using top-level historic and forecast data on China’s wealth industry.
- Identify the most promising client segment by analyzing the penetration of affluent individuals.
- Receive detailed insights into retail liquid asset holdings in China.
- Understand the changing market and competitive dynamics by learning about new competitors and recent deals in the wealth space.
- Discover key digital disruptors in the country’s wealth market.
UBS
BangNiTou
Vanguard Group
Ant Group
China Merchants Bank
ICBC
Table of Contents
Frequently asked questions
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Which is the leading asset band in the China wealth management market?
Mass market is the leading asset band in the China wealth management market.
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Which are the leading HNW asset allocation classes in the Chinese wealth management market?
Equities remain the leading asset class among China’s HNW individuals.
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Who are the key players in the China wealth management market?
Some of the leading players in the China wealth management market are The People’s Bank of China, UBS, BangNiTou, Vanguard Group, Ant Group, China Merchants Bank, and ICBC.
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