Saturday, May 28, 2011

China's Total Bank Depositors : 80% of total deposits in hands of 20%

China's Total Bank Depositors : 80% of total deposits in hands of 20%.


http://en.wikipedia.org/wiki/Hedge_fund_industry_in_the_People's_Republic_of_China

Against the background of China's fast growing economy, the number of hedge fund investors is increasing rapidly in the country, and the total amount of their wealth is increasing in step. By the end of June 2008, China's residents had RMB 19,460bn ($2,820bn) in bank deposits, of which 80% was in the name of 20% of the population.[citation needed] With such a huge amount of cash assets in hand, the wealthy's strong investment demand has provided hedge funds in China with a sufficient supply of capital. In addition, China's companies also have a huge sum of spare cash, which is also a primary source of capital for hedge funds

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