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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 wealth firms must adapt to asset allocation demand
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. In a panel discussion Hou Lin, general manager of wealth management products at CreditEase Wealth Management, Zuo Dan, head of offshore markets in private banking at China Minshe…
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