Asset management in China is a relatively young industry that is on track for an extended period of strong growth, due to the country’s ageing population and the rising wealth of the expanding middle class.
As a result, China’s investment industry will see its assets under management grow to around $17tn by 2030 from around $2.8tn at the end of last year, according to Casey Quick, the consultancy.
Around half ($8.5tn) of the net new inflows attracted by investment managers globally by 2030 will go to Chinese companies, helping the country to become the world’s second-largest asset management market behind the US.
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