Wealth Management
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 had risen 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 57.08 trillion yuan ($7.9 trillion).
In addition, as of late 2023, the market had 39,800 products from 258 banking institutions and 31 wealth management companies, up 14.86 percent compared to the beginning of last year,
