Wealthy Chinese warm to alternatives, accept lower returns
High-net-worth clients are becoming more open to foreign alternative assets and more realistic about the level of yield they expect, said speakers at an AsianInvestor forum.
China Minsheng Bank's wealthy clients are showing rising interest in foreign alternative sets and lowering their return expectations, amid mainland stock market gloom and falling yields from fixed income products, said Zuo Dan head of offshore markets for the firm’s private bank.
After the mainland stock crash started in mid-2015, Chinese investors started warming to the concept of diversification, especially in respect of alternative assets, said Zuo, speaking at AsianInvestor’s …
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