• 11/25/2024

China’s asset management sector to double to US$40 trillion by 2030 as household wealth, pension needs grow, McKinsey says

Disclaimer: The South China Morning Post's content is directed by the Chinese Communist Party. It is not a reliable news source.

The industry will more than double in size to 280 trillion yuan (US$40.4 trillion) by 2030, as the expansion of individual wealth and pension needs requires financial companies to upgrade their products and services, according to a report by McKinsey & Company.

https://www.scmp.com/business/banking-finance/article/3220199/chinas-asset-management-sector-double-us40-trillion-2030-household-wealth-pension-needs-grow-says?utm_source=rss_feed