Households may divest $18tn from housing into funds, equities by end of decade
HONG KONG — Chinese households could shift some 127 trillion yuan ($18 trillion) into mutual funds and equities by 2030 as a property sector crisis shatters confidence in a bedrock investment, brokerage CLSA says.
Property made up about 37% of the country’s personal assets last year. But a marked shift is underway that could see the property figure drop to 26% in less than a decade, while investments in bank and fund company wealth products were on track to shoot up to 21% from 13% last year, said Hans Fan, CLSA’s Hong Kong-based head of China fintech and financial research.
Discover the all new
Nikkei Asia app
Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.
By continuing to browse this website, you accept cookies which are used for several reasons such as personalizing content/ads and analyzing how this website is used. Please review our Cookie Policy to learn how you can update your cookie settings.
About Author
