China’s wealth management market is expected to grow by 19% annually to reach Rmb293tr by 2025F. Which financial players are best positioned to gain from this?

Group Research – Equities 25 Aug 2021

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The value of China’s financial assets was low at 20% of total wealth in FY19, vs 43% in the US. With growth in household disposable income, higher allocation in financial assets as a percentage of total wealth, and more financial product offerings, we expect the wealth management (WM) market in China to reach Rmb293tr by 2025F, at a 5-year CAGR of 19%.

Growth in WM market will bring in an additional Rmb1.9tr in fee income for industry participants. Find out what other factor is driving growth and which names are set to benefit from this.