Growing personal wealth fuels investment demand

The rising Chinese economy and increased personal wealth are providing opportunities to financial institutions to address diversified investment demand in the country.

Leading global bank Citibank said the total size of China's individually possessed investable assets reached 188 trillion yuan ($30 trillion) in 2017, up fivefold from that of five years ago. The country has been the second largest individual asset market behind the United States since 2016.

Meanwhile, the potential of the Chinese market is big. As Citi estimated, the total middle class population in the country will reach 803 million by 2025, making up 86 percent of the urban population.