Lates News

At the UBS Global Wealth Management "2025 Global Wealth Report" sharing session, UBS's Chief Economist Paul Donovan stated that global wealth levels are continuing to grow. Over the next twenty years, there will be over $80 trillion in wealth changing hands; in addition, the ownership of wealth by women is also increasing steadily. These trends have been present for the past few decades and will continue to be evident in the coming years. Regarding the growth of wealth in China, UBS Group economist James Mazeau mentioned that the "2025 Global Wealth Report" noted that in 2024, the number of new millionaires in China exceeded 380 per day. This growth is mainly attributed to the sustained growth of the Chinese economy, which is the core driver of wealth creation. He also pointed out that based on current trends, it is estimated that China will add over 5 million millionaires by 2029.