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
HNWI Asset Allocation in Hong Kong to 2015 report features:
• Independent market size 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
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.
• 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.
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
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