China to be second largest asset market by 2019: report

China will become the world’s second-largest market for outsourced assets by 2019 and is predicted to originate half of global net new flows into such assets by 2030, predicts a new report by consultancy Casey Quirk. The rapid growth in the country's asset management will come largely from its fast-growing retail and high-net-worth segments. Chinese investors’ total outsourced assets stood at $2.8 trillion at end 2016, accounting for 4.4% of the global market share. That followed …