Monday, 22nd March 2010

 

20 November 2009 - Press Briefing

BCG predicts Chinese wealth market size to top $7.6 trillion

The number of US-dollar Chinese millionaires is likely to swell from 417,000 last year to 788,000 by 2013, with their aggregate fortune topping the $7.6 trillion (€5.1 trillion) mark, Boston Consulting Group predicted on Thursday, according to a Reuters report.

Frankie Leung, a Hong Kong-based partner at the consultancy, said that the Chinese wealth market provides “an attractive window of opportunity for banks".

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