Ultra HNWIs in China to 2015

Ultra HNWIs in China to 2015

Synopsis

This report is the result of WealthInsight's extensive research covering the UHNWI population and Wealth Management industry in China. It provides market size and forecasts of the UHNWI population. By leveraging the WealthInsight HNWI Database, it provides key demographic breakdowns such as city specific data.

Summary

China is expected to become the largest economy in the world by 2020. This report provides historical trends and projections of the volume and wealth of China's UHNWIs by city and sector. The report also reviews these findings in an analysis of China's Wealth Management and Private Banking sector, and the opportunities therein.

Scope

The report features:

• Independent market sizing of China's UHNWI
• Most up to date and thorough analysis of the demographic breakdown of China's UHNWI, including city and sector specific data
• Volume and wealth trends from 2007 to 2011-Volume and wealth forecasts to 2015
• Details of the development, challenges and opportunities of the Wealth Management and Private Banking sector in China
• City specific ratings
• Current insights into the drivers of HNWI wealth
• Family office information

Reasons To Buy

• The WealthInsight HNWI Database is an unparalleled resource and the leading database of its kind. Compiled and curated by a team of expert research specialists, the HNWI Database comprises up to one hundred data-points on over 100,000 HNWI around the world. With the HNWI Database as the foundation for our research and analysis, we are able obtain an unsurpassed level of granularity, insight and authority on the HNWI universe in each of the countries and regions we cover.
• Comprehensive forecasts to 2015.
• Information on sources of wealth for UHNWIs in each major city, by industry and other measures.

Key Highlights

• In 2011, there are 7,905 UHNWIs in China who, together, hold a total of US$1.1 trillion in wealth. UHNWI volumes increased by a significant 59% between 2007 and 2011, while wealth grew by 61% during the period.
• Going forward, the number of Chinese UHNWIs will increase by 76% to reach 13,881 individuals by 2015 with UHNWI wealth rising to US$2.1 trillion.
• The wealth of UHNWIs in Chongqing, grew by the largest margin (78%) over the review period from 2007 to 2011, followed by Chengdu, Fuzhou, Wuhan and Hangzhou. Shanghai and Beijing UHNWI wealth increased at lower rates of 29% and 21% respectively over the four year period.
• WealthInsight Ratings: Hangzhou should be at the top of the list for anyone looking to build a thriving wealth business in China. Wuhan, Chongqing, Chengdu and Fuzhou round out the top five, each presenting unique opportunities and huge market potential for the wealth industry.

Companies Mentioned

Chinese banks:

• Bank of China
• Agricultural Bank of China
• China Construction Bank
• Industrial & Commercial Bank of China
• China Citic Bank
• China Merchants Bank
• Bank of Communications
• China Minsheng Banking Corp
• China Everbright Bank
• Bank of Dalian
• Bank of China

Foreign banks:

• HSBC China
• Citibank China
• UBS AG
• Deutsche Bank China
• Bank of Tokyo-MUFJ
• DBS China
• BNP Paribas
• Standard Chartered
• Royal Bank of Scotland
• JP Morgan Chase
• Credit Agricole

Joint ventures:

• ICBC Credit Suisse
• BOC BlackRock
• China Citic Bank and BBVA,
• Santander CCB
• Ping An Bank and HSBC
• First Sino Bank and Lotus Worldwide
• BoCommLife and CBA
• Multi-Family Offices
• Serficom Shanghai
• AMC Group - Asset Management China
• KCS Services Limited

• 1 Introduction
  • What is this Report About?
  • 1.1 Political Background of the Wealth Sector
  • 1.2 Economic Background to the Wealth Sector
  • 1.3 Benchmarking Chinese Wealth in Context
  • 1.3.1 Distribution of wealth
• 2 Findings from the WealthInsight UHNWI Database
  • 2.1 UHNWI volume trend analysis
  • 2.2 UHNWI wealth trend analysis
  • 2.3 UHNWI per-capita net worth trend analysis
  • 2.4 Demographic breakdown of Chinese UHNWIs
  • 2.4.1 Demographic breakdown of Chinese UHNWIs by age
  • 2.4.2 Source of wealth
  • 2.4.3 Inherited vs earned vs self-made
  • 2.4.4 Job titles of UHNWIs
  • 2.4.5 Region
  • 2.4.6 Industry, forecasts and analysis
  • 2.4.7 Sector forecasts to 2015
  • 2.4.8 Geographic analysis of UHNWIs by industry
  • 2.4.9 WealthInsight's wealth sector opportunity rankings
• 3 Competitive Landscape of the Wealth Sector
  • 3.1 Competitive Structure
  • 3.2 Wealth Management and Private Banking Industry - A Paradigm Shift
  • 3.3 Wealth Management and Private Banking Industry - Competitive Structure
  • 3.4 Wealth Managers and Private Banks
  • 3.4.1 Wealth managers
  • 3.4.2 Private banks
  • 3.4.3 Foreign banks and MNCs
  • 3.4.4 Joint ventures
  • 3.4.5 Domestic providers
  • 3.4.6 Trusts
  • 3.5 Leading Companies in the Wealth Management and Private Banking Industry
  • 3.6 Family Offices
  • 3.6.1 Multi-family offices
  • 3.6.2 Single-family offices
  • 3.7 Offshore Wealth Management and Private Banking Industry
  • 3.8 China Wealth Management and Private Banking Industry - Behavioral Mapping
  • 3.9 Challenges and Opportunities for the Wealth Sector in China
  • 3.9.1 Regulatory Environment
  • 3.9.2 Tax
  • 3.9.3 Human capital
  • 3.9.4 Move away from self-management
  • 3.9.5 Underdeveloped product offerings
  • 3.9.6 Demand for intergenerational wealth transfer and younger clientele
  • 3.9.7 Philanthropy
  • 3.9.8 Business development the Chinese way
• 4 Appendix
  • 4.1 Pertinent Regulations
  • 4.1.1 Regulations on banks
  • 4.1.2 Regulations on foreign direct investment
  • 4.1.3 Regulations on wealth management
  • 4.1.4 Regulations on offshore investment
  • 4.1.5 Regulations on foreign investment in China
  • 4.1.6 Regulations on leveraged buyouts and mergers and acquisitions
  • 4.1.7 Regulations on hedge funds and derivatives
  • 4.1.8 Regulations on private equity investment
  • 4.2 Key Economic Trends and Drivers
  • 4.2.1 Renminbi to US dollar moving annual average exchange rate
  • 4.2.2 Real GDP growth
  • 4.2.3 Per-capita GDP
  • 4.2.4 Gross savings rate as a percentage of GDP
  • 4.2.5 Domestic Market Capitalization
  • 4.2.6 Housing price index
  • 4.2.7 Commodity index
  • 4.2.8 Foreign direct investment
  • 4.2.9 Investments of FIIs in equity products
  • 4.2.10 Inflation rate
  • 4.2.11 Repo rate
  • 4.2.12 Balance of payments
  • 4.2.13 Stock market performance
  • 4.2.14 Fiscal position
  • 4.2.15 HNWI wealth vs GDP
  • 4.2.16 Capital formation as a percentage of GDP
  • 4.2.17 Disposable income as a percentage of GDP
  • 4.3 Supplementary Regional and Sector Specific Figures
• 5 About WealthInsight
• List of Tables
  • Table 1: HNWI Wealth Band and Group Definitions
  • Table 2: Regional Definitions
  • Table 3: UHNWIs - Volume by Wealth Band, 2007-2015
  • Table 4: UHNWIs - Wealth by Wealth Band (in US$ Billion), 2007-2015
  • Table 5: UHNWIs - Per-Capita Net Worth (US$ Million), 2007-2015
  • Table 6: UHNWIs - Cities by Sector, 2007-2011
  • Table 7: UHNWIs - Private Banking Potential: China's Top 15 to 2015
  • Table 8: Major Companies in China's Wealth Management and Private Banking Industry
  • Table 9: RMB to US$ Moving Annual Average Exchange Rate, 2006-2015
  • Table 10: Real GDP Growth Rate, 2006-2015
  • Table 11: GDP Per Capita, 2006-2015
  • Table 12: Gross Savings as a Percentage of Real GDP, 2006-2015
  • Table 13: Domestic Market Capitalization, 2006-2010
  • Table 14: Housing Price Index, 2006-2010
  • Table 15: Commodity Indices, 2006-2015
  • Table 16: Foreign Direct Investments, 2006-2015
  • Table 17: Investments of FIIs in Equity Products, 2006-2009
  • Table 18: Inflation Rate, 2006-2015
  • Table 19: Repo Rate, 2006-2015
  • Table 20: Balance of Payments, 2006-2010
  • Table 21: Stock Market Performance, 2006-2010
  • Table 22: External and Fiscal Debt as Percentage of GDP, 2006-2015
  • Table 23: HNWI Wealth vs GDP, 2007-2015
  • Table 24: Capital Formation as a Percentage of GDP, 2006-2015
  • Table 25: Disposable Income as a Percentage of GDP, 2006-2015
• List of Figures
  • Figure 1: HNWI Wealth Band Definitions
  • Figure 2: UHNWIs - Analysis of Wealth Band Evolution, 2007-2015
  • Figure 3: UHNWIs - Volume by Wealth Band, 2007-2015
  • Figure 4: UHNWIs - Wealth by Wealth Band (US$ Billion), 2007-2015
  • Figure 5: UHNWIs - Per-Capita Net Worth (US$ Million), 2007-2015
  • Figure 6: UHNWIs - Age Comparison by Industry Type
  • Figure 7: UHNWIs - Title, Size and Change in Wealth
  • Figure 8: UHNWIs - Regional Distribution by Region
  • Figure 9: UHNWIs - Distribution by Primary Source of Wealth
  • Figure 10: UHNWIs - Sector Forecasts to 2015
  • Figure 11: UHNWIs - Distribution of Industries by Tier
  • Figure 12: UHNWIs - Growth In Wealth vs Share by Region: Finance and Tech & Software
  • Figure 13: UHNWIs - Growth in Wealth vs Share by Region: Basic Materials and Manufacturing
  • Figure 14: UHNWIs - Growth in UHNWIs by Region
  • Figure 15: UHNWIs - Regional Comparison by Leading Sector Share
  • Figure 16: UHNWIs - Share of High-Human-Capital-Development Sectors by Region
  • Figure 17: UHNWIs - City Comparison, 2007-2011
  • Figure 18: UHNWIs - Private Banking Opportunity Rating Map - Top Five
  • Figure 19: Wealth Management Industry - Structure
  • Figure 20: Offshore and Onshore Wealth Management Segments in China
  • Figure 21: China Wealth Management Industry - Behavioral Mapping, 2011
  • Figure 22: INR to US$ Moving Annual Average Exchange Rate, 2006-2015
  • Figure 23: Real GDP Growth (%), 2006-2015
  • Figure 24: GDP Per Capita, 2006-2015
  • Figure 25: Gross Savings as a Percentage of Real GDP, 2006-2015
  • Figure 26: Domestic Market Capitalization, 2006-2010
  • Figure 27: Housing Price Index, 2006-2010
  • Figure 28: Commodity Indices, 2006-2015
  • Figure 29: Foreign Direct Investments, 2006-2015
  • Figure 30: Investments of FIIs in Equity Products, 2006-2009
  • Figure 31: Inflation Rate, 2006-2015
  • Figure 32: Repo Rate, 2006-2015
  • Figure 33: Balance of Payments, 2006-2010
  • Figure 34: Stock Market Performance, 2006-2010
  • Figure 35: External and Fiscal Debt as a Percentage of GDP, 2006-2015
  • Figure 36: HNWI Wealth vs GDP, 2007-2015
  • Figure 37: Capital Formation as a Percentage of GDP, 2006-2015
  • Figure 38: Disposable Income as a Percentage of GDP, 2006-2015
  • Figure 39: Growth in UHNWI Wealth by Region, 2007-2011
  • Figure 40: UHNWI Wealth Growth by Sector, 2007-2010
  • Figure 41: Bohai Economic Rim - Sector Growth, 2007-2010
  • Figure 42: Chengdu-Chongqing Economic Zone - Sector Growth, 2007-2010
  • Figure 43: Pearl River Delta - Sector Growth, 2007-2010
  • Figure 44: Yangtze River Delta - Sector Growth, 2007-2010
  • Figure 45: Basic Materials and Manufacturing by Key Region, 2007-2010
  • Figure 46: Finance and Technology by Key Region, 2007-2010