Investors more open to global assets and financial products
By Wu Yiyao in Shanghai | China Daily | Updated: 2014-04-26 07:25
China's investors are more inclined to put money into overseas assets than their global peers and are more aggressive in investing in financial products, a report released on Thursday in Shanghai said.
However, concerns over currency risks, uncertain conditions in the global markets and unfamiliarity with global opportunities may be keeping Chinese investors from allocating assets abroad, the report suggested.
The report, based on a recent survey by asset manager Legg Mason Inc that covered 4,320 investors worldwide, showed that 88 percent of the 201 people polled in China said they're more focused on international markets than they were five years ago. That's the highest level in Asia, and above the global average of 75 percent.
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