Lates News

Goldman Sachs estimates that Chinese households have excess savings of 55 trillion yuan. 22% of Chinese household financial assets are allocated to funds and stocks, which means that there may be more than 10 trillion yuan of potential funds flowing into the market. Although some views believe that these calculations are slightly extreme, the potential for incremental funds does exist. According to interviews conducted by journalists with personnel from several state-owned large banks, joint-stock banks, and city commercial banks' wealth management subsidiaries, the overall allocation of wealth management funds to the stock market is only between 2% to 5%, and at most will not exceed 10%. Gradual increase in allocation is a high probability event. (First Financial).