China's bank wealth management market expands in 2023

0 Comment(s)Print E-mail Xinhua, February 2, 2024
Adjust font size:

China's bank wealth management market expanded and saw more investors in 2023, industry data showed.

By the end of last year, the number of investors holding wealth management products in the banking market rose 17.84 percent year on year to 114 million, according to the China Banking Wealth Management Registration and Depository Center.

The center said 31,100 wealth management products were launched in China's banking system last year, raising a total of 57.08 trillion yuan (about 8.04 trillion U.S. dollars).

In addition, by the end of 2023, there were 39,800 products from 258 banking institutions and 31 wealth management companies, up 14.86 percent compared to the beginning of last year, the center said.

Follow on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from