Audio – Supporting China’s rich and needy
The late Chinese leader Deng Xiaoping once proclaimed that “To get rich is glorious”. So many Chinese have taken his words to heart that there‘s now a growing need for expert help in managing the cash mountain. More and more people are sitting on assets worth more than $1 million but need advice on how to venture beyond the savings account at their local bank. Johnson Chng, a partner at Bain & Company, has sliced and diced the Chinese wealth management sector and has some advice for foreign banks on how to approach China’s thriving super-rich. Click here to listen to him.