Where the money is in China

China's young population of millionaires offers an attractive market for wealth management companies, according to Celent.

With 415,000 dollar millionaires as at the end of 2007, China is Asia's second largest wealth management market. The poor performance of the Chinese stock market last year -- it lost two-thirds of its value -- will have wiped out much of this wealth, but according to a recent report by research and consultancy firm Celent, the prospects for the wealth management industry in China are healthy.

By 2014 the size of the market for individual wealth...

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