In­vestable as­sets to reach $31 tril­lion

China Daily (Canada) - - NEWS IN REVIEW -

Per­sonal in­vestable as­sets are ex­pected to grow by 13 per­cent an­nu­ally to reach 196 tril­lion yuan ($31 tril­lion) in the next five years, a new re­port said.

The num­ber of high-net­worth fam­i­lies is es­ti­mated to rise 11 per­cent ev­ery year to 3.46 mil­lion dur­ing the same pe­riod, said the re­port re­leased by In­dus­trial Bank Co Ltd and The Bos­ton Con­sult­ing Group.

Be­tween 2013 and 2015, China recorded an an­nual growth of 21 per­cent in per­sonal in­vestable as­sets, which are ex­pected to reach 110 tril­lion yuan by the end of this year.

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