High Net Worth Trends in Hong Kong to 2015

High Net Worth Trends in Hong Kong to 2015

Synopsis

This report is the result of WealthInsight's extensive research covering the HNWI population and Wealth Management industry in Hong Kong. It provides market size and forecasts of the HNWI population. By leveraging the WealthInsight HNWI Database, it provides key demographic breakdowns.

Summary

This report provides projections of the volume and wealth of Hong Kong's HNWI and a comprehensive background of the Hong Kong economy. This includes demographic trends (2007-2011) and findings of the proprietary WealthInsight HNWI Database.

Scope

The report features:

• Independent market sizing of Hong Kong's HNWI
• Most up to date and thorough analysis of the demographic breakdown of Hong Kong's HNWI
• Volume and wealth trends from 2007 to 2011
• Volume and wealth forecasts to 2015
• Current insights into the drivers of HNWI wealth

Reasons To Buy

• The WealthInsight Intelligence Center Database is an unparalleled resource and the leading resource of its kind. Compiled and curated by a team of expert research specialists, the Database comprises up to one hundred data-points on over 100,000 HNWI, private banks, wealth managers and family offices around the world. With the Database as the foundation for our research and analysis, we are able obtain an unsurpassed level of granularity, insight and authority on the HNWI and wealth management universe in each of the countries and regions we cover.
• Comprehensive forecasts to 2015.

Key Highlights

• There are just over 184,700 HNWI in Hong Kong with an average wealth of US$4.6 million per person and a combined wealth of US$845 billion.
• After Singapore, Hong Kong has the second highest population density of HNWI in the world - approximately 1 in 40 Hong Kongers are a HNWI.
• Following a 50% fall in 2008, HNWI volumes increased significantly in 2009 (77%) and 2010 (28%). The growth for these two years was the highest of anywhere in the world, as the entry of new HNWI from China and strong local property markets boosted performance. This growth did not continue into 2011, however, as HNWI volumes, constrained by the poor performance of local and international equity markets, grew by only 4% in 2011.
• The number of Hong Kong's HNWI is expected to rise by 39% (8.5% pa) from 2011 to 2015, reaching over 256,000 individuals by 2015, while HNWI wealth will grow by 41% (9.0% pa), reaching US$1.2 trillion in 2015.

Companies Mentioned

International banks:

• ABN Amro
• ABSA Asia Ltd
• ANZ Private Bank
• Bank of America (Asia) Ltd
• Bank of Taiwan
• Banque Pictet
• Banque Privée Edmond de Rothschild
• Barclays Wealth
• BNP Paribas
• Citi Private Bank
• Credit Suisse
• DBS Bank
• Deutsche Bank
• EFG Bank
• Fubon Bank
• Goldman Sachs
• J.P. Morgan Private Clients
• Julius Baer
• Morgan Stanley Asia Limited
• RBS Coutts
• Rothschild
• Standard Chartered Private Bank
• The Iyo Bank, Ltd
• UBS AG
• Wayfoong Finance Ltd
• Local Banks
• Bank of East Asia
• Chi Yu Bank
• Chong Hing Bank Limited
• Dah Sing Bank Limited
• Hang Seng Bank Ltd
• MEVAS Bank Limited
• Tai Sang Bank Ltd.
• Tai Yau Bank Ltd.
• Wing Hang Bank Ltd.
• Wing Lung Bank

Chinese banks:

• Agricultural Bank of China
• Bank of China
• Bank of Communications
• China CITIC Bank
• China Construction Bank
• China Everbright Bank
• China Merchants Bank
• China Trust Commercial Bank Limited
• Industrial and Commercial Bank of China
• Nanyang Commercial Bank
• Hong Kong Life Insurance
• ICICI Venture Funds and Va Tech Wabag
• JPMorgan Chase and First Capital Securities Co
• Morgan Stanley and Huaxin Securities Co Ltd
• Ajia Partners (Hong Kong) Ltd.
• AMC Group - Asset Management China
• HSBC Family Office Services Ltd.
• Lombard Odier Darier Hentsch Ltd.
• KCS Services Limited
• The Pacific Bridge Companies
• RMA Partners
• VP Wealth Management Ltd.
• Wealth Management Group
• Financial Advisors
• Brogan & Scaltrito
• CIT Commercial Services (Asia) Ltd
• Xinhua Finance Ltd
• Uni-Asia Finance Corporation

• 1 Introduction
  • 1.1 What is this Report About?
• 2 Wealth Sector Fundamentals
  • 2.1 Political Background of the Wealth Sector
  • 2.2 Economic Background to the Wealth Sector
  • 2.3 Benchmarking Hong Kong Wealth in Context
• 3 Findings from the WealthInsight HNWI Database
  • 3.1 Trends in HNWI Wealth to 2015
  • 3.1.1 HNWI trend analysis
  • 3.1.2 HNWI volume trend analysis
  • 3.1.3 HNWI wealth trend analysis
  • 3.1.4 Per capita HNWI net worth trend analysis
  • 3.1.5 Trends of the wealth bands
  • 3.1.6 Demographic Breakdown of Hong Kong's HNWI
• 4 Appendix
  • 4.1 Pertinent Regulations
  • 4.1.1 Regulations on banks
  • 4.1.2 Regulations on foreign banks
  • 4.1.3 Regulations on real estate
  • 4.1.4 Regulations on foreign investment
  • 4.1.5 Regulations on capital investment
  • 4.1.6 Regulations on leverage buyouts and M&A
  • 4.1.7 Regulations on hedge funds and derivatives
  • 4.1.8 Regulations related to taxes
  • 4.2 Key Economic Trends and Drivers
  • 4.2.1 National wealth indicators
  • 4.2.2 Financial market indicators
  • 4.2.3 Banking indicators
  • 4.2.4 Trade indicators
  • 4.2.5 Other indicators
• 5 About WealthInsight
• List of Tables
  • Table 1: HNWI Wealth Band and Group Definitions
  • Table 2: HNWIs - Volume by Wealth Band, 2007-2015
  • Table 3: HNWIs - Wealth by Wealth Band (US$ Billion), 2007-2015
  • Table 4: HNWIs - Per Capita Net Worth (US$ Million), 2007-2015
  • Table 5: HNWIs - Volume Distribution Wealth Pyramid (%), 2011
  • Table 6: HNWIs - Wealth Distribution Wealth Pyramid (%), 2011
  • Table 7: Real GDP Growth Rate (%), 2006-2015
  • Table 8: GDP Per Capita, 2006-2015
  • Table 9: Gross Savings as a Percentage of Real GDP, 2006-2015
  • Table 10: Domestic Market Capitalization and P/E Ratio, 2006-2010
  • Table 11: Housing Price Index, 2006-2010
  • Table 12: Commodity Indices, 2006-2015
  • Table 13: Foreign Direct Investment (US$ Billion), 2006-2015
  • Table 14: Investments of FIIs in Equity Products, 2006-2009
  • Table 15: Inflation Rate (%), 2006-2015
  • Table 16: Repo Rate (%), 2006-2015
  • Table 17: Balance of Payments (US$ Billion), 2006-2010
  • Table 18: Stock Market Performance, 2006-2010
  • Table 19: External and Fiscal Debt as Percentage of GDP, 2006-2015
  • Table 20: HNWIs Wealth vs GDP Ratio, 2006-2010
  • Table 21: Capital Formation as a Percentage of GDP, 2006-2015
  • Table 22: Disposable Income as a Percentage of GDP, 2006-2015
• List of Figures
  • Figure 1: HNWI Wealth Band and Group Definitions
  • Figure 2: HNWI Wealth Sector Market Attractiveness, 2007-2015
  • Figure 3: HNWIs - Hong Kong vs Rest of the World and the Asia-Pacific Region
  • Figure 4: HNWIs - Growth Factor Correlation, 2007-2011
  • Figure 5: HNWIs - Volume by Wealth Band, 2007-2015
  • Figure 6: HNWIs - Wealth by Wealth Band (US$ Billion), 2007-2015
  • Figure 7: HNWIs - Per Capita Net Worth (US$ Million), 2007-2015
  • Figure 8: HNWIs - Volume Distribution Wealth Pyramid, 2011
  • Figure 9: HNWIs - Wealth Distribution Wealth Pyramid, 2011
  • Figure 10: HNWIs - Average Age by Wealth Band (Years), 2011
  • Figure 11: Real GDP Growth (%), 2006-2015
  • Figure 12: GDP Per Capita, 2006-2015
  • Figure 13: Gross Savings as a Percentage of Real GDP, 2006-2015
  • Figure 14: Domestic Market Capitalization and P/E Ratio, 2006-2010
  • Figure 15: Housing Price Index, 2006-2010
  • Figure 16: Commodity Indices, 2006-2015
  • Figure 17: Foreign Direct Investment (US$ Billion), 2006-2015
  • Figure 18: Investments of FIIs in Equity Products, 2006-2009
  • Figure 19: Inflation Rate (%), 2006-2015
  • Figure 20: Repo Rate (%), 2006-2015
  • Figure 21: Balance of Payments (US$ Billion), 2006-2010
  • Figure 22: Stock Market Performance, 2006-2010
  • Figure 23: External and Fiscal Debt as Percentage of GDP, 2006-2015
  • Figure 24: HNWIs Wealth vs GDP Ratio, 2006-2010
  • Figure 25: Capital Formation as a Percentage of GDP, 2006-2015
  • Figure 26: Disposable Income as a Percentage of GDP, 2006-2015