China has one of the highest national savings rates in the world, according to the International Monetary Fund. At 23% of GDP, China’s household savings are 15 percentage points higher than the global average.
Saving money can help you to:
Saving money is good for your health too. Studies throughout the world suggest that people who save for their future feel more positive, sleep better and experience better mental wellbeing than those with no savings.
For some, the thought of saving money can feel like a challenge, but there are small things almost anyone can do to save a little money each month, such as:
HSBC China offers you a wide range of products and services for savings accounts and time deposits, empowering you to accumulate and manage your wealth with ease for all your future plans.