China will become one of the largest markets of high-net-worth individuals in the world, with the number of high-net-worth families rising from 2.07m in 2015 to 3.88m at the end of 2020, according to a report released by Industrial Bank Co Ltd and the Boston Consulting Group.
During the same period, China's personal investable assets will increase from 113 trillion yuan to 200 trillion yuan at a compound annual growth rate of 12 percent.
Despite the slowing Chinese economic growth, the wealth of high-net-worth individuals is rising steadily, said the report.