Saturday, 21st November 2009

 

23 October 2009 - Press Briefing

Southern Chinese city tipped to become wealth management hub

Shenzhen, the southern Chinese city which is home to the largest number of securities companies in the country and accounts for 33% of fund managers locally, will become the domestic wealth-management hub, experts said, according to a CCTV report.

Zhang Jiansen, director of China Development Institute, said that Shenzhen already has a 50% market share of the wealth management sector in China, and will gain further with the launch of the Growth Enterprise Market in the city.

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