China Private Wealth Report 2017


The Chinese private wealth market has continued to skyrocket. In total, China’s private wealth has swelled to RMB 165 trillion (about $24 trillion) – six times the level it was in 2006, according to the fifth China Private Wealth Report developed by Bain & Company in collaboration with China Merchants Bank, a leading private banking brand in China and one of the country's leading retail banks. The ever growing pool of private wealth is also roughly twice the size of the country’s GDP and represents one of the fastest-growing accumulations of wealth in modern history.

The report finds that as China's wealthy continue to grow richer and more numerous, they've also become more diverse in terms of segmentation, more geographically dispersed and they have more diversified wealth goals.