Asset development in Asia was robust and dynamic. Even when factoring in debt, assets held by private households in the region were up 10.3 percent year-on-year in net terms. In gross terms, the financial assets of private households rose to 42.3 trillion euros; almost double that of 2005. China remains the top performer, with households seeing their assets swell by 18.3 percent. Growth in Japan, as in the other industrialized countries studied, was anemic. That said, Chinese and Japanese households held a combined total of 80 percent of Asian gross financial assets, showing a tremendous wealth gap compared to the remaining eight countries. The difference in wealth development is even more pronounced when looking at per-capita performance. Singaporeans were the most prosperous in the region, followed by Japan, Taiwan, Israel and South Korea: here, per-capita assets ranged from 49,600 euros to 114,160 euros. Malaysia, China, Thailand, India and Indonesia, on the other hand, all failed to cross the 10,000-euro benchmark in per-capita GDP, and even this group of five’s top-performers, Malaysia and China, had gross financial assets of only 14,960 euros and 14,280 euros respectively.