Investment advice much needed: survey
MORE Chinese will need investment advice from professionals to help them manage their “unrealistic” financial goals, said a survey released yesterday.
People with an annual income between 125,000 yuan (US$18,360) and 1 million yuan, or defined as China’s emerging affluent population, are making unwise decisions in setting investment timelines or portfolios for their financial assets, the survey by Shanghai Jiao Tong University’s Shanghai Advanced Institute of Finance and Charles Schwab & Co Inc revealed.
“People need to balance the allocation of their assets, and make good plans,” said Lisa Hunt, executive vice president of International Services and Special Business Development at Charles Schwab & Co Inc, which provides wealth management services. “Chinese people have higher expectations for the outcome of their investment, but they seem lack of awareness for risks.”
Half of the respondents consider financial advisory services helpful, but many think their investment assets are not big enough for them to seek advice, or the asset threshold for advice is too high at the moment, the survey found.
Just 8 percent of the emerging affluent were found to have comprehensive financial plans that consider goals, timelines, risk and financial investment products.
The survey, covering 2,600 members of the emerging affluent class in nine cities including Beijing and Shanghai, found people have only 11 years to plan their retirement.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔$粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.