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Showing posts with label Hong Kong. Show all posts
Showing posts with label Hong Kong. Show all posts

Jan 25, 2012

Challenges and Opportunities for the Wealth Sector in Hong Kong

This report is a thorough analysis of Hong Kong’s Wealth Management and Private Banking sector, and the opportunities and challenges that it faces. In addition to providing a comprehensive and robust background of the Hong Kong economy, including, uniquely, detailed analysis of economic and political risks to HNWI wealth creation, the report provides robust projections of the volume and wealth of Hong Kong’s HNWI.

Scope
The report features:
• Independent market sizing of Hong Kong’s HNWI
• Details of the development, challenges and opportunities of the Wealth Management and Private Banking sector in Hong Kong
• Current insights into the drivers of HNWI wealth
• Family office information

Hong Kong Wealth Management Market Report

Published: January 2012
No. of Pages: 48
: Single User License - US$1995                  Corporate User License - US$2995




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.
• Asia is the fastest growing region in the world in terms of wealth. Financial centres such as Singapore and Hong Kong are ideally located to benefit from this new wealth.

Key Highlights
• The Asia-Pacific wealth management sector (excluding Japan and Australia) grew from assets under management (AuM) of US$650 billion in 2007 to over US$1.3 trillion in 2011.
• The wealth management and private banking sector in Hong Kong is well developed, with over US$250 billion in assets under management (AuM). Of this amount, only 26% is invested in Hong Kong itself while 24% is invested in mainland China, 30% in the rest of Asia, 11% in North America, 5% in Europe and the remainder allocated to Latin America, the Middle East and North Africa.
• Following its growth of 31% in 2009, the wealth management and private banking sector in Hong Kong grew by a solid 32% in 2010, increasing the level of AuM to 15% higher than level reached before the start of the global financial crisis.
• Hong Kong’s overall prospects remain bright. The PRC’s Twelfth-Five-Year Plan, which intends on internationalizing the Chinese currency for the first time, gives support to the development of Hong Kong as a Chinese offshore and international asset management centre.

HNWI Asset Allocation in Hong Kong to 2015

This report provides the latest asset allocations of Hong Kong’s HNWI. The report also includes projections of the volume, wealth and asset allocation of Hong Kong’s HNWI to 2015 and a comprehensive and robust background of the local economy, including, uniquely, detailed analysis of economic and political risks to HNWI wealth creation

Scope
The report features:
• Independent market sizing of Hong Kong’s HNWI
• Volume, wealth and allocation trends from 2007 to 2011 • Volume, wealth and allocation forecasts to 2015
• Current insights into the drivers of HNWI wealth

Hong Kong HNWI Investment Report


Published: January 2012
No. of Pages: 53
: Single User License - US$1995           Corporate User License - US$2995




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.

Key Highlights
• There are over 184,700 HNWIs 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, with approximately 1 in 40 people from Hong Kong being HNWIs.
• Real estate is the largest asset class for HNWIs in Hong Kong, which accounts for 31% of total HNWI assets, followed by business interests, which accounts for 22% of assets.
• Real estate and alternatives were the best performing asset classes over the review period (2007-2011), driven by strong local property markets, an influx of investors from mainland China and the rise in commodity prices.
• Over the forecast period, WealthInsight expects a movement away from property assets and towards equities. Alternative allocations are also projected to increase substantially, as investors increase hedge fund, private equity and, in particular, holdings of collectables. Cash holdings will decline slightly while fixed income allocations will be boosted by the emergence of the dim sum market.