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China's rich people are now more conservative in terms of taking investment risks. According to the report, more of the mare opting for "wealth preservation" and "inheritance" as their major wealth targets, instead of "wealth creation", which was their focus back in 2009, reflecting changes in needs and values.
China's quarterly GDP growth increased from 6.8 percent in the fourth quarter of 2016 to 6.9 percent in the first two quarters of this year while the country imposed tighter controls on debt and financial activities.
China's total retail sales of consumer goods fell by 20.5 percent from January to February, among which revenue in the catering, automobile and home appliance industries decreased 43.1 percent, 37 percent and 30 percent, respectively, according to the National Bureau of Statistics.
China's sovereign bonds showed muted moves on Nov 20, with the benchmark 10-year yield rising one basis point to 3.97 percent.
China's recently announced financial opening-up policies and the continuous support from local partners, such as China Export & Credit Insurance Corp, have facilitated the launch of the Shanghai office, he said.
来源：资阳报