Hong Kong Wealth Industry 2017 Sizing the Market Opportunity

Key Findings from the report:
- 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 2017-20.
- 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 investor's 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.

Key Companies covered in the report are Colliers International HSBC Tencent.

Browse the complete report @ http://www.orbisresearch.com/reports/index/wealth-in-hong-kong-sizing-the-market-opportunity-2017 .

"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.

Synopsis
GlobalData's “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 Kong's 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.

Reasons To Buy
- 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 Kong's tax system impacts HNW clients.
- Review your offshore strategy by identifying HNW motivations for offshore investments and their preferred booking centers.

Request a sample @ http://www.orbisresearch.com/contacts/request-sample/191862 .

Table of Contents:
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
DRIVERS OF GROWTH IN THE HONG KONG WEALTH MARKET
Hong Kong's retail investment market will perform strongly over the forecast period
Retail savings and investments growth will continue to support wealth creation
Investors in Hong Kong are strongly biased towards deposits
Positive growth is forecast for all asset classes over 2016-20
Deposit growth will continue to outstrip GDP growth
2017 will see off challenges to Hong Kong's economy
Interest rates will rise, but gains will be low once inflation is factored in
Bond holding growth will match average wage growth through 2017-20
The Government Bond Programme will stimulate further bond growth
Equities and mutual funds are most allied to the performance of the Hong Kong stock market
Hong Kong's stock market has performed poorly in recent years, giving little capital appreciation to long-term investors
Despite disappointing stock market performance, equity and mutual fund holdings experienced strong growth
HNW INVESTMENT PREFERENCES
Investments in alternatives are on the rise
Price appreciation is the main driver for investments in property
REITs are leading the increase in alternative investments
Half of Hong Kong HNW assets are held offshore
Wealth managers should improve their international operations services
Access to better investment options and the expectation of better returns overseas are the biggest drivers of offshore investment
Tax efficiency is no longer a main driver for offshoring wealth
The largest share of Hong Kong's HNW offshore wealth is booked in the US
APPENDIX
Abbreviations and acronyms
Supplementary data
Definitions
Affluent
Domicile
DTC
FATCA
HNW
Liquid assets
Bonds
Cash
Deposits
Equities
Mutual funds
Mass affluent
Mass market
Onshore
Residency
Exchange of information
TIEAs
Methodology
2016 Global Wealth Managers Survey
GlobalData's Global Wealth Model methodology
Global Retail Investments Analytics methodology
Exchange rates
Bibliography
Further reading
About GlobalData
Disclaimer

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