The gross financial assets of Chinese households dropped by 3.4 per cent last year. Photo: AP The gross financial assets of Chinese households dropped by 3.4 per cent last year. Photo: AP
The gross financial assets of Chinese households dropped by 3.4 per cent last year. Photo: AP

Banking & Finance

Business

Financial assets held by Chinese households dropped last year for first time since 2000, Allianz says

  • Mainland China drops three places to 34th in global ranking of richest countries by financial assets per capita
  • Singapore, in third place, ranks as Asia’s richest country for the first time, replacing Japan

Topic |   Banking & Finance
Martin Choi
Martin Choi

Updated: 8:15am, 19 Sep, 2019

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The gross financial assets of Chinese households dropped by 3.4 per cent last year. Photo: AP The gross financial assets of Chinese households dropped by 3.4 per cent last year. Photo: AP
The gross financial assets of Chinese households dropped by 3.4 per cent last year. Photo: AP
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