SAIF-Charles Schwab 2022 China Rising Affluent Financial Well-being Index Released


On August 25th, 2022, the 2022 China Rising Affluent Financial Well-being Index was released by SAIF and Charles Schwab (a top US financial services institution), our sixth consecutive annual edition.

For six years, Charles Schwab and SAIF have continued to focus on the perceptions and investment behavior of China rising affluent. This year's report focused on how affluent Chinese actively adjust their wealth management strategies when facing changing external environments. It also re-highlighted the importance of investment advisory services in advancing the financial well-being of investors. The latest 2022 report shows that the financial well-being of China's rising affluent is steadily improving.

In addition, the following findings were made in this year's study.

  • Family wealth management should be decided after a family discussion.
  • Public awareness of retirement financial issues should be aroused through financial education and services.
  • New products and services that better fit investment needs should be made, due to the fading of the housing market.
  • Financial literacy education should be strengthened to help investors better identify financial risks and focus on long-term investments.
  • Professional financial services and investment education should be provided to avoid vulnerability and to ensure long-term financial well-being.
  • Financial institutions should further optimize personalized and high-quality services based on customers' demands.

The China Rising Affluent Financial Well-being Index

Initiated by SAIF and Charles Schwab, the China Rising Affluent Financial Well-being Index is now being maintained by Nielsen, an international monitoring and data analysis company. This index tracks the shifting perceptions about the financial well-being of people with annual incomes of RMB 125,000 to RMB 1,000,000 and with investable assets of less than RMB 7,000,000. These investors are an increasingly influential cohort within both the Chinese and global economies. The index is derived from the combined assessment of four sub-indexes, namely: wealth confidence, financial planning, asset management, and investment engagement.