Leading finance companies to favor off-balance-sheet assets

The country's main finance houses are likely to focus on growing off-balance-sheet assets and increasing asset management activities, according to a report assessing China's asset management market.

Jointly released by China Everbright Bank Co Ltd and The Boston Consulting Group on Wednesday, the study suggested the national asset management market will grow by 87 percent to 174 trillion yuan ($27 trillion) by 2020, up from about 93 trillion yuan at the end of last year.

Between 2012 and 2015, it had a compound annual growth rate of 51 percent on average, but that's likely to be 13 percent over the next five years, the report said.