Chinese Households May Shift $18.1 Trillion Into Financial Investments

The share of Chinese household assets allocated to property will fall to 26% by 2030 from 37% in 2021, according to estimates from Hans Fan, the head of China financial research at CLSA.

(Bloomberg) — China’s households are expected to shift 127 trillion yuan ($18.1 trillion) into financial products over the next nine years, a ripe opportunity for financial institutions as the country’s property sector sours, brokerage CLSA Ltd. said.

The share of Chinese household assets allocated to property will fall to 26% by 2030 from 37% in 2021, according to estimates from Hans Fan, the head of China financial research at CLSA. In contrast, the share of money allocated to investments such as mutual funds, wealth management products and insurance will grow to 21% from 13% in the same period.