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One per cent Chinese own one-third of national wealth: Report

Last Updated: Sunday, July 27, 2014, 16:29

About one per cent of Chinese households own one-third of the booming Communist nation`s wealth, raising concerns about income inequality in the world`s most populous country.

1% Chinese own one-third of national wealth: Report

Last Updated: Saturday, July 26, 2014, 15:31

Chinese households on average had a net worth of 439,000 yuan (about USD 71,000) in 2012, up 17 percent from the 2010 level, said the study by Peking University on China's livelihood development.

Top one percent control a third of China`s wealth: Report

Last Updated: Saturday, July 26, 2014, 11:15

The top one percent of households in Communist-ruled China control more than one third of the country`s wealth, while the bottom 25 percent control just one hundredth, official media said, citing an academic report.

Sebi tweaks investment cap for FPIs in G-Secs

Last Updated: Thursday, July 24, 2014, 19:13

Market regulator Sebi has tweaked the investment limits for foreign portfolio investors (FPI) in government securities by increasing the threshold for general investors from USD 20 billion to USD 25 billion.

Luxury industry optimism slides 14% in July-Sept quarter

Last Updated: Wednesday, July 16, 2014, 16:18

The luxury industry appears to be less optimistic for the July-September quarter this year than it had been for the previous three months amid uncertainties about macro-economic stability and future demand.

Bill Gates is wealthiest living US entrepreneur

Last Updated: Wednesday, July 02, 2014, 16:49

Warren Buffett, who at 83 is also the oldest person on the list, was ranked second with an estimated wealth of USD 64.2 billion.

Investor wealth rises by Rs 16 lakh cr in Q1, FY'15

Last Updated: Monday, June 30, 2014, 21:31

Investor wealth soared by over Rs 16 lakh crore to more than Rs 90.19 lakh crore in the first quarter of 2014-15 because of rising stock prices amid robust foreign fund inflows and the BJP government's storming to power at the Centre last month.

New measures on anvil to attract sovereign wealth funds

Last Updated: Wednesday, June 25, 2014, 21:11

Looking to attract larger inflows from sovereign wealth funds and foreign pension funds, central government and financial sector regulators have renewed their efforts to make Indian markets, especially government bonds, much more appealing to such investors.

'China's wealth management products total $2.1 trillion'

Last Updated: Sunday, June 22, 2014, 19:51

China`s wealth management products totalled 12.8 trillion yuan (USD 2.06 trillion) as of the end of May, state media said, quoting the vice central bank head.

'India has highest % of HNWIs wanting to give back to society'

Last Updated: Sunday, June 22, 2014, 17:42

India has the highest share of super-rich people globally who want to make a positive impact on society by giving back to their local communities in areas like health, education and children's causes, a report says.

India has highest share of HNWIs wanting to give back to society: Report

Last Updated: Sunday, June 22, 2014, 12:39

According to the World Wealth Report 2014, more than 90 percent of India's HNWIs seek to achieve more than just monetary returns while managing their wealth.

India became home to 1.56 lakh millionaires in 2013: Report

Last Updated: Friday, June 20, 2014, 17:21

India is the 16th most populous in terms of population of super-rich people worldwide.