17 Mar 2022

 

The historic opportunity for wealth management firms in the Greater Bay Area

Evolve to succeed

China’s Greater Bay Area and its financial market are changing drastically at an incredible speed. The pool of investable private wealth may more than double over the next decade as the Chinese government implements several initiatives and programs to enhance financial ties in the region. As the region begins to rival Silicon Valley in innovation, it is also becoming an international financial centre, where wealth management firms need to adapt quickly to seize the advantage in these dynamically evolving markets.

Key stats

  • USD 686bn

    of combined annual savings

  • USD 1.7tr

    or the ninth largest economy in the world

  • 80%

    of mainland GBA investors plan to invest via Wealth Management Connect

About the report

To help scope out the size and nature of this market opportunity, we surveyed affluent to ultra-high net worth individuals and very tech-savvy digital natives in the region to get a clear picture of what they expect from their advisers.

As the Greater Bay Area enters a new era of fluidity and wealth creation, with a substantial new market of people looking for financial advisers, Avaloq can help banks and wealth managers seize this opportunity and retain it as the future unfolds. We can help empower your teams to coordinate their efforts so you can reach your full potential.

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“China’s Greater Bay Area has established itself as a vibrant and essential innovator in the world’s financial and technical markets. Today, the region offers unprecedented opportunities to banks and wealth managers wishing to participate in the phenomenal wealth creation taking place there.”

Pascal Wengi, Managing Director for Asia Pacific, the Middle East and Africa, Avaloq

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