Caixin
Jan 12, 2023 03:25 AM
FINANCE

Shenzhen Aims to Build $4.2 Trillion Wealth Management Industry by 2025

The asset management scale of Shenzhen’s financial institutions reached 26.6 trillion yuan as of the end of 2022, accounting for one-fifth of the country’s total.
The asset management scale of Shenzhen’s financial institutions reached 26.6 trillion yuan as of the end of 2022, accounting for one-fifth of the country’s total.

Shenzhen in South China's Guangdong province aims to build an international wealth management center managing more than 30 trillion yuan ($4.2 trillion) by 2025.

In a guideline issued Monday by the Shenzhen Municipal Bureau of Local Financial Regulation and Supervision, the city said it hopes to attract and cultivate at least 100 strong wealth management institutions and register at least 300 pilot institutions of qualified domestic and foreign investors in the sector.

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