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Financially-savvy households
By Hu Xiaocen |
September 11, 2012, Tuesday
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Print Edition
Print Edition
EACH Chinese family has current assets worth 386,000 yuan (US$59,941) on average, an HSBC China survey has found.
Among more than 1,000 families surveyed in eight major cities in China in terms of investment channel, 87 percent of respondents have bank deposits, 66 percent have stock investment, 60 percent buy funds, 46 percent have life insurance plans and 40 percent buy wealth management products from banks. The survey shows that 64 percent of the households achieved wealth growth in the past year, while 23 percent made losses. The top three investment objectives for Chinese households are wealth increment, financial support for children's education and retirement planning.
Among more than 1,000 families surveyed in eight major cities in China in terms of investment channel, 87 percent of respondents have bank deposits, 66 percent have stock investment, 60 percent buy funds, 46 percent have life insurance plans and 40 percent buy wealth management products from banks. The survey shows that 64 percent of the households achieved wealth growth in the past year, while 23 percent made losses. The top three investment objectives for Chinese households are wealth increment, financial support for children's education and retirement planning.
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