Press release
Wealth in Hong Kong: Sizing the Market Opportunity 2017
Description
Almost 60% of the Hong Kong adult population is considered affluent, comparable to markets in the developed West like Switzerland, while wealth growth rates still resemble those found in emerging markets. Growth going forward will be moderated by weaker economic performance in China, but with the wealthiest individuals (those holding more than $10m in liquid assets) wealth forecast to achieve a compound annual growth rate (CAGR) of 10.24% over the years to 2020, Hong Kong retains much of its allure as a source of new clients for wealth managers.
Key Findings
- Affluent individuals constituted almost 60% of the total adult population in Hong Kong at the end of 2016, making it a very attractive market for wealth managers. HNW individuals accounted for 1.72% of the population.
- Retail savings and investments are dominated by deposits, and this trend is not expected to change.
- Despite the strong bias of Hong Kong investors towards deposits, a positive growth outlook is forecast for all asset classes over 201720.
- Investments in non-traditional asset classes are on the rise in the HNW segment, and they currently constitute 16% of the typical Hong Kong HNW investors portfolio, with real estate investment trusts (REITs) being the leading driver of this growth.
- 50% of Hong Kong HNW wealth is booked offshore, mostly in the US. Better investment options and returns are the main drivers for investing offshore.
Synopsis
GlobalDatas Wealth in Hong Kong: Sizing the Market Opportunity 2017 analyzes the Hong Kong wealth and retail savings and investments markets, with a focus on the HNW segment. The report is based on our proprietary datasets.
Specifically the report:
- Sizes the affluent market (both by number of individuals and the value of their liquid assets) using our proprietary datasets.
- Analyzes which asset classes are favored by Hong Kongs investors and how their preferences impact the growth of the total savings and investments market.
- Examines HNW clients attitudes towards non-liquid investments, such as property and commodities.
- Identifies key drivers and booking centers for offshore investments.
- Examines the tax landscape in Hong Kong and future implications for investors.
ReasonsToBuy
- Benchmark your share of the Hong Kong wealth market against the current market size.
- Forecast your future growth prospects using our projections for the market to 2020.
- Identify your most promising client segment by analyzing penetration of affluent individuals in Hong Kong.
- Evaluate your HNW proposition by understanding how Hong Kongs tax system impacts HNW clients.
- Review your offshore strategy by identifying HNW motivations for offshore investments and their preferred booking centers.
Table of Contents
EXECUTIVE SUMMARY
The Hong Kong wealth market remains highly appealing
Key findings
Critical success factors
SIZING AND FORECASTING THE HONG KONG WEALTH MARKET
Hong Kong remains a leading offshore center
After a step back in 2015, mutual fund holdings will experience growth from 2017 onwards
Retail and institutional investors share Hong Kong offshore deposits market holdings
The onshore wealth market will continue to grow at a reduced rate
In Hong Kong, HNW individuals represent 1.72% of the total adult population
Affluent individuals hold 93.18% of total liquid assets in Hong Kong
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