Growth in Asia is generating unprecedented levels of financial wealth. How this wealth is used is critical to the region's future sustainable development.
1. Asia is on track to become the largest pool of private wealth in the world (US$48 trillion; 60 per cent in China). But, wealth is highly concentrated and 90 per cent is held in banks or managed personally.
2. Asia must harness this wealth to support Asia's long-term growth to:
3. To develop Asia's nascent private wealth management industry to meet Asia's long-term development needs:
The views expressed in this report are those of the author and do not necessarily reflect those of the Fung Global Institute. The author is solely responsible for any errors or omissions.