China Wealth Sector Canvassed in New WealthInsight Study Now Available at MarketPublishers.com28 Nov 2014 • by Natalie Aster
LONDON - As of 2013, there were more than 1.2 million high net worth individuals (HNWIs) in China, up by 5.5 percent from 2013. In 2013, the number of the local HNWIs grew by approximately 12 percent from a year earlier.
In 2013, each HNWI in China held slightly over USD 3.38 million in wealth on average. Total wealth of the local HNWIs amounted to USD 4.3 trillion in the same year. In late 2013, the HNWIs held around 18 percent (USD 796 billion) of the wealth not in China, while the worldwide average ranges from 20 percent to 30 percent.
The number of HNWIs in the country is set to continue growing (by more than 27 percent each year) in the years to come to hit the mark of 1.7 million by 2018. In the meantime, the total wealth is forecast to amount to above USD 7.1 trillion by 2018.
New topical market research study “China Wealth Report 2014” elaborated by WealthInsight is a unique source of information in the wealth sector performance in China.
The report covers wealth sector fundamentals in detail by discussing political, social and economic background, benchmarking local wealth in context and revealing volume and value trends of local HNWIs. The study scrutinizes performance as well as asset allocations of HNWIs and UHNWIs. It uncovers historical data and includes forecasts through 2018. Information on HNWIs volumes in major cities is available too. The research report gives an in-depth insight into the private banking and wealth management sector, limelights the competitive landscape and reviews the most recent M&A activities, besides highlighting challenges and opportunities of the sector. A discussion of HNWI wealth drivers, a breakdown of all foreign assets by geography, data on the number of wealth managers in cities and much more can be also found in the study.
China Wealth Report 2014
Published: November, 2014
Price: US$ 4,995.00
More insightful research studies by the publisher can be found at WealthInsight page.