China wealth firms must adapt to asset allocation demand
Chinese HNWIs are increasingly seeking diversification benefits through asset allocation but it it's early days yet and the country's wealth managers are still playing catchup.
China's rich have begun allocating funds to different assets rather than simply investing through more product-focused strategies but it's still early days and the country's wealth managers could do more to facilitate the trend, AsianInvestor’s 4th China Global Investment Forum in Beijing heard last week.
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