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Chinanews, Beijing, Apr. 29 – On Friday, global market information group TNS issued a research report on the wealthy class in China in 2007. The report shows that fund leads the field among all financial products to become the most common investing tool for the middle class in China.
The research, done through March and April, was based on an online survey carried out among 790 people in Beijing, Shanghai and Guangzhou whose financial assets are above one million yuan. Most of the respondents in the survey are aged1 between 25 and 45. They control their family assets and make big decisions, with 34% of them being women. TNS is the world's fourth largest consulting firm dealing2 with market investigation3 and information services. 95% of the people interviewed have opened an account in banks for making investment. Over half of them own two to three investment accounts. 73% of them make fund trading activities through banks. Apart from funds, they are also interested in house mortgages, insurance products and treasury4 bonds. The only product that can compete with funds is stocks. The investigation shows that funds, stocks, and dividends5 from insurance are the three popular financial products among people in Beijing, Shanghai and Guangzhou. In particular, Shanghai people are more interested in stocks than people in the other two cities. In China, people aged between 25 and 45 are the mainstream6 production force in society. They understand the importance of investment and are willing to increase the value of their personal assets through different financial channels. However, at present there are a very limited number of finance products available in the market. That is also why so many Chinese people have rushed to buy stocks or funds, said Zhou Bo, TNS market research manager in China.
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