1970-01-01 08:33:27
Chinanews, Beijing, July 3 – Mr. Gao works in a top-500 global company as a department manager. He makes an annual income of over 300,000 yuan. Not long ago, he took out half of his savings from the bank and bought a share, hoping that the share could rise quickly in a few days, the China Business News reported.
Mr. Gao is only one of the many people in the middle class group who try to take every chance to make their property gain value. Through them, it can be seen that some Chinese people, who love gambling, would try to make their property appreciate with some extreme measures.
According to a recent survey released by TNS, a global consulting firm, among the banks’ upscale customers(customers who make an annual income of over 100,000 yuan), many belong to the middle class group. Among this middle class group, only 30%-40% buy insurance products that can bring dividends, while 75% of the people in this group diversify their investment in various ways. To them, the gains made from insurance products are rather “modest.” These people fail to know that insurance products focus on the dividends they can provide, not the value of the products themselves. Most middle class group in China prefer to buy stocks by themselves, rather than through fund management companies.
In foreign countries, investors prefer to buy stocks through some financial channels. However, in China, most office workers rely on themselves to do so. As Chinese stock market entered into a bullish period recently, speculating stocks gradually becomes a common scene in offices. Their offices of many company managers have thus turned into a stock trading room.
In addition, some people in the middle class group speculate in property market, which clearly shows that many middle class people in China like to speculate. While most foreigners regard the middle class group in China as the pillar group in society, these people are not actually fully aware of the potential risks involved in property speculation.
At present, the favorable financial products among the middle class group in China include funding products, stocks and house properties. Few of them buy financial products in foreign currencies, futures, insurances or trust assets. This is also true for affluent families with financial assets exceeding one million yuan.
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