Chinese tourists visit Victoria Peak in Hong Kong during the mainland’s ‘golden week’ holiday. Asset managers in Asia reported US$66 billion in revenue last year, according to McKinsey. This number is expected to grow to US$112 billion over the next five years. Photo: EPA-EFE

Asset managers in Asia could see revenue double by 2022 on growth in China, Southeast Asia, says McKinsey

China accounts for about 37 per cent of assets under management in the industry today and is expected to grow at a pace of more than 17 per cent annually for the next five years, according to consulting firm

Topic |   China economy

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Chinese tourists visit Victoria Peak in Hong Kong during the mainland’s ‘golden week’ holiday. Asset managers in Asia reported US$66 billion in revenue last year, according to McKinsey. This number is expected to grow to US$112 billion over the next five years. Photo: EPA-EFE
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