Chinese on menu for IFAs

With $1.3trn in domestic savings and some 114 million persons already of sufficient wealth to fit the high net worth label in the UK, the opportunities are expected to grow substantially once the Chinese banking sector opens up further to foreign businesses in 2007. And UK businesses are well placed, according to a survey of some 4,000 Chinese HNWIs. Most lack trust in the domestic financial services industry, and that they are unable to provide high quality good value products, with sufficient levels of service. Association with foreign providers is seen as a way to improve these...