Survey: Investors more gun-shy
By Zhang Fengming |
July 1, 2011, Friday
|
Print Edition
Print Edition
WEALTHY individuals on the Chinese mainland are more conservative in making investments after learning some expensive lessons from the global financial crisis, an industry survey showed yesterday.
Seventy-five percent of affluent respondents on the mainland said they care more about preserving principal than taking higher risks for a chance at higher returns, a McKinsey&Co survey found. The figure is up from 59 percent in the previous survey in 2007.
The consulting firm conducted the survey of nearly 20,000 respondents in Asia through one-on-one 60-minute interviews. The survey included 3,000 mainland respondents this year.
Meanwhile, the survey also found people on the mainland have a greater aversion to borrowing money. About 84 percent of respondents said they agreed that "borrowing is always risky," up from 39 percent in the 2007 survey.
The average in Asia was 70 percent, according to the survey.
On the mainland, 58 percent of respondents said they prefer savings compared with investments in stocks or funds, almost the same as the Asia average of 59 percent.
Seventy-five percent of affluent respondents on the mainland said they care more about preserving principal than taking higher risks for a chance at higher returns, a McKinsey&Co survey found. The figure is up from 59 percent in the previous survey in 2007.
The consulting firm conducted the survey of nearly 20,000 respondents in Asia through one-on-one 60-minute interviews. The survey included 3,000 mainland respondents this year.
Meanwhile, the survey also found people on the mainland have a greater aversion to borrowing money. About 84 percent of respondents said they agreed that "borrowing is always risky," up from 39 percent in the 2007 survey.
The average in Asia was 70 percent, according to the survey.
On the mainland, 58 percent of respondents said they prefer savings compared with investments in stocks or funds, almost the same as the Asia average of 59 percent.
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