Chinese wealthy people get more risk-averse

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Source: China.org.cn

Chinese rich people are getting more risk-averse due to weak real estate market and stock market's sentiment, according to industry survey. Almost a half of wealthy family's liquid assets are in bank deposits with the investments in stock market contributing only 20%. However, still 75% of family wealth is made up by property despite being in the highest risk in case of property prices tumble, reported Allianz China Life Insurance.

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