China set as market for managed assets
Print Edition
CHINA may become one of the world’s significant asset-management markets by 2020, while assets under management globally are set to exceed US$100 trillion, a report said.
The global assets under management will grow by 6 percent annually to around US$101.7 trillion by 2020, up from US$63.9 trillion in 2012, PricewaterhouseCoopers said in a report released yesterday.
Alex Wong, PwC China financial services partner, predicted growth of assets under management in China to outpace that of the Asia-Pacific region as the government opens the capital market and encourages a global yuan.
“China’s asset-management industry has a great potential amid increasing foreign capital inflows, growing accumulated wealth and more dependence on pension funds due to an aging population,” Wong said.
PwC sees managed assets in Asia-Pacific to climb 10 percent annually to US$16.2 trillion by 2020, representing 16.2 percent of the global total.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
