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��Home>>Business
Funds are favorite products for middle class to manage assets
www.chinanews.cn 2007-04-29 09:01:57
Chinanews, Beijing, Apr. 29 �C On Friday, global market information group
TNS issued a research report on the wealthy class in China in 2007. The
report shows that fund leads the field among all financial products to
become the most common investing tool for the middle class in China.
The research, done through March and April, was based on an online survey
carried out among 790 people in Beijing, Shanghai and Guangzhou whose
financial assets are above one million yuan. Most of the respondents in
the survey are aged between 25 and 45. They control their family assets
and make big decisions, with 34% of them being women.
TNS is the world's fourth largest consulting firm dealing with market
investigation and information services. 95% of the people interviewed
have opened an account in banks for making investment. Over half of them
own two to three investment accounts. 73% of them make fund trading
activities through banks. Apart from funds, they are also interested in
house mortgages, insurance products and treasury bonds.
The only product that can compete with funds is stocks. The investigation
shows that funds, stocks, and dividends from insurance are the three
popular financial products among people in Beijing, Shanghai and
Guangzhou. In particular, Shanghai people are more interested in stocks
than people in the other two cities.
In China, people aged between 25 and 45 are the mainstream production
force in society. They understand the importance of investment and are
willing to increase the value of their personal assets through different
financial channels. However, at present there are a very limited number
of finance products available in the market. That is also why so many
Chinese people have rushed to buy stocks or funds, said Zhou Bo, TNS
market research manager in China.
��Private funds reach one trln yuan in China
��Wealthy Chinese like stocks better than funds
��Foreign funds to finance Chinese enterprises
��Shanghainese craze about buying funds
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