| 双语新闻 Bilingual News | 双语对照阅读 分级系列阅读 智能辅助阅读 在线英语学习 |
|
| 双语新闻 Bilingual News | 双语对照阅读 分级系列阅读 智能辅助阅读 在线英语学习 |
| [英文] [中文] [双语对照] [双语交替] [] |
| Gold holdings will increase among Chinese high net-worth individuals next year as uncertainties loom in capital markets, experts said, as wealth preservation and security top their asset management priorities. |
| According to a report released by the World Gold Council earlier this month, among the Chinese affluent, wealth preservation and security exceeded in importance to increasing the value of their wealth. |
| This is based on a survey of 218 wealthy Chinese with an average personal investable asset of 6 million yuan ($837,670), aged over 40 and with a minimum investment experience of two years. |
| According to the survey, the majority — 90 percent — have either invested or expressed willingness to invest in the yellow metal, said the report. |
| Jia Shuchang, a senior analyst from the WGC, said stability is currently the major wealth management purpose, and this has intensified after the COVID-19 pandemic. |
| The stress on security is reflected by their investment choices. |
| While cash and savings crowned the list of asset management choices, onshore insurance came in second, followed by A shares and investable properties. |
| Gold is the fifth most popular asset management option at present, according to the WGC report. |
| "As a globally accepted asset, gold's advantages in higher liquidity and risk diversification have increased its appeal to the rich group," said Jia. |
| Uncertainties will abound in the capital markets next year, including tightening liquidity, geopolitical conflicts and an increasingly noticeable trend of de-globalization. |
| Making investment portfolios more defensive will be especially important against this backdrop, he added. |
| The WGC said gold prices surged nearly 10 percent in 2022 at a time when the benchmark Shanghai Composite Index slid over 15 percent and the renminbi depreciated more than 8 percent. |
| The bullish performance continued this year, with prices of yuan-denominated gold spiking over 16 percent during the first 10 months of 2023 despite soaring interest rates and aggravated systemic financial risks worldwide. |
| Both spot and futures prices of the precious metal crossed the $2,100 mark on Dec 4 to hit new highs. |
| Allocating 6 to 10 percent of their investable assets to gold, the rich group usually considers gold as a long-term investment target, holding it for six to 10 years, according to the WGC. |
| Physical gold, especially 100-gram and 20-gram gold bars, is especially favored by affluent Chinese, as these are easy to carry and can be converted to cash more quickly. |
| According to the WGC, demand for gold bars and coins in China surged to 82 metric tons in the third quarter despite soaring gold prices, representing the strongest third-quarter performance since 2018. |
| In the first nine months, China's demand for gold bars and coins reached 197 tons, up 26 percent year-on-year, said the WGC. |
| Meanwhile, China's total demand for gold jewelry reached 481 tons in the first three quarters, up 8 percent on a yearly basis. |
OK阅读网 版权所有(C)2017 | 联系我们