Private investment up by 13.3 percent in 2013

The total value of private Chinese invested capital reached 9.41 trillion yuan ($1.52 trillion) last year, an annual growth rate of 13.3 percent, a wealth management survey found.

The increase was primarily driven by deposits and cash as well as the rise of property values, according to the Chinese Mass Affluent Report 2014, published by Forbes China and CreditEase, a Beijing based wealth-management firm.

This is the annual report's second year. It focuses on Chinese middle-class wealth. The affluent were defined by personal investment capital, which ranged from 0.6 million yuan to 6 million yuan. Those funds include cash, stock, funds, bond, insurance and other financing products and property for investment.