Hong Kong Wealth Sector Scrutinised in New WealthInsight Market Study Now Available at MarketPublishers.com11 Dec 2014 • by Natalie Aster
LONDON – The number of Hong Kong’s high net worth individuals (HNWIs) reached 185,055 in 2013, with their combined wealth estimated at USD 1 trillion and wealth per person equaling more than USD 5 million. In the next few years, HNWI volumes and wealth are projected to grow. The number of HNWIs in Hong Kong is expected to increase by more than 18%, reaching 228,903 in 2018. The local HNWIs’ wealth is forecast to reach USD 1.4 trillion by 2018, increasing by about 26.5%.
As of 2013, the real estate sector was the dominant asset class for the local HNWIs with a share of just under 35% of the total HNWI assets in the region. It was followed by business interests (23% share), equities (just under 18%), cash and deposits (11.5%), fixed-income (8%), and the alternatives sector (more than 4%). In the next few years, allocations to commodities are set to decline to 1% of Hong Kong’s overall HNWI assets by end-2018, as global liquidity will tighten owing to a projected short-term decline in demand for China’s raw materials.
New market study “Hong Kong Wealth Report 2014” elaborated by WealthInsight provides extensive research and analysis of the HNWI population and wealth management marketplace in Hong Kong.
The report offers market size data relating to Hong Kong’s HNWI population across 5 wealth bands; identifies key trends in HNWI wealth, volumes and allocations over 2009-2013 and 2014-2018; gives an up-close look at HNWIs and UHNWIs’ asset allocations across 13 asset classes; limelights the major factors driving HNWI wealth. It provides a geographical breakdown of all foreign assets, with an alternative breakdown of liquid versus investable assets included as well. The study gives details of the number of UHNWIs in leading cities as well as the number of wealth managers in each of the cities, and provides city-wide ratings of wealth management potential and saturation. It discusses the development trends, challenges and opportunities of the domestic wealth management and private banking market, provides market size of the region’s wealth management industry, reviews the top private banks by AuM, besides presenting all-round wealth management and family office information.
Hong Kong Wealth Report 2014
Published: December, 2014
Price: US$ 4,995.00
More new studies by the publisher can be found at WealthInsight page.