Latest News:  
Beijing   Overcast/Cloudy    27 / 21 ℃  City Forecast

English>>China Business

Families hoping for better returns: HSBC

By Wang Xinyuan (Global Times)

10:46, September 10, 2012

The average investment assets of Chinese families in eight major cities reached 386,000 yuan ($60,848) in the year from September 2011, according to an HSBC survey released over the weekend, even though some of the respondents suffered losses from their investment portfolio.

The top five family investment assets are bank savings, stocks, investment funds, life insurance and bank wealth management products, according to an e-mail sent by HSBC to the Global Times Sunday.

The average Chinese family currently has investment assets that are worth nearly 80 percent of those of the average American family, which were at $77,300 in 2010.

About 64 percent of the respondent families have seen an increase in their wealth over the last year, while 23 percent suffered a loss. Of the families who suffered a loss, their major investments were in stocks and funds, according to HSBC's survey, which was conducted in eight major cities including Beijing, Shanghai, and Guangzhou, and targeted family decision makers aged 22 to 55.

"The majority of the families hope that their wealth can increase enough to offset the effect of inflation," Mao Danping, president of Shenzhen IPFP Wealth Management Institute, told the Global Times.

【1】 【2】 【3】



News we recommend:
Diaoyu row hurts Japanese car sales in China New Controls in the Making Housing report notes rise in sales
The Price Goes Up and Up Rail projects to spur economy Finance vehicle loans to local govts up in H1
A Treasure Trove of Resources  Kai-Fu Lee, Citron battle heats up Frictions Over Renewable Energy

Email|Print|Comments(Editor:李倩、厉振羽)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Special operation members conduct anti-piracy training

  2. They have reasons to be naked

  3. Inflation rebounds to 2% in August

  4. A priceless sip of old Beijing - Lao She Teahouse

  5. Derge Sutra Printing House: treasury of Tibetan culture

  6. Sami Khedira and his girlfriend Lena Gercke on GQ

Most Popular

Opinions

  1. Commentary: Short sellers preying on firms
  2. The second sex
  3. APEC injects new impetus into growth
  4. Videos, museum help defend Diaoyu Islands claim
  5. ASEAN 'must not take sides in disputes'

What's happening in China

Back to school after Beijing flood

  1. Daily necessities available in Yunnan quake zone
  2. More detailed PM 2.5 readings set for Beijing
  3. Couple beaten after shushing man at movie
  4. Mengniu says worms in its milk 'not possible'
  5. Help on the way for survivors of killer earthquakes

China Features

  1. Cooperation promote sustainable economic growth
  2. Exclusive:A probe into GM rice test
  3. How much we continue to pay for 'face saving? '
  4. Entering China's northernmost village
  5. Italy makes efforts to attract Chinese students

PD Online Data

  1. Ministry of Water Resources
  2. Ministry of Railways
  3. People's Bank of China
  4. Ministry of Health
  5. Ministry of Culture