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China's affluent population on the rise

DESPITE uncertainties and headwinds in the global market, the growing ranks of China's affluent remain financially confident and active, though their engagement in long-term planning is still far from adequate, according to a recent industry report.

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中国富裕人口数量正在上升

A view of a shopping mall in Wuhan, Hubei Province, in May. [LI HUI/FOR CHINA DAILY]

Despite uncertainties and headwinds in the global market, the growing ranks of China's affluent remain financially confident and active, though their engagement in long-term planning is still far from adequate, according to a recent industry report.

The China Rising Affluent Financial Well-Being Index, which marks its 10th consecutive edition this year with the latest one released on Oct 27, registered the largest year-on-year increase since 2021 — 71.99 — up 1.64 from a year earlier.

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