• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
China - The Future of HNWIs to 2015: Opportunities for Wealth Managers and Private Banks Product Image

China - The Future of HNWIs to 2015: Opportunities for Wealth Managers and Private Banks

  • Published: November 2011
  • Region: China
  • 158 Pages
  • WealthInsight Ltd

FEATURED COMPANIES

  • Bank of China
  • BNP Paribas
  • China Everbright Bank
  • DBS China
  • Joint ventures:
  • Royal Bank of Scotland
  • MORE

This report is the result of Wealth Insight’s extensive research covering the HNWI population and Wealth Management industry in China. It provides market size and forecasts of the HNWI population. By leveraging the Wealth Insight HNWI Database, it provides key demographic breakdowns such as city specific data.

China offers tremendous opportunities for the private banking industry as a result of not only the substantial growth in the number of HNWI over the past few years, but especially because of the strong forecasted growth in volumes and wealth to 2015. This report not only provides detailed forecasts on expected HNWI asset allocation of China’s HNWI and UHNWI to 2015, but gives the reader the crucial insight necessary to effectively act on those projections. In addition to providing a comprehensive and robust background of the Chinese economy, including, uniquely, detailed analysis of economic and political risks to HNWI wealth creation, the report provides robust projections of the volume, wealth and asset allocation of China’s HNWI. The report also couches these findings in an analysis of China’s Wealth Management and Private Banking sector, and READ MORE >

1 Introduction

2 Executive Summary

3 Wealth Sector Fundamentals
3.1 Political Background of the Wealth Sector
3.2 Economic Background to the Wealth Sector
3.3 Benchmarking Chinese Wealth in Context
3.3.1 Distribution of wealth
3.3.2 Alternate scenarios for China’s economy to 2015

4 Findings from the WealthInsight HNWI Database
4.1 Trends in HNWI Wealth to 2015
4.1.1 HNWI trend analysis
4.1.2 HNWI volume trend analysis
4.1.3 HNWI wealth trend analysis
4.1.4 Per-capita HNWI net worth trend analysis
4.1.5 Trends of the wealth bands
4.1.6 Chinese HNWI demographic breakdown by age
4.1.7 Chinese HNWI demographic breakdown by gender
4.1.8 Sources of wealth: inherited vs earned vs self-made
4.1.9 Regional distribution of HNWIs
4.2 UHNWIs
4.2.1 UHNWI volume trend analysis
4.2.2 UHNWI wealth trend analysis
4.2.3 UHNWI per-capita net worth trend analysis
4.2.4 Demographic breakdown of Chinese UHNWIs
4.2.5 Demographic breakdown of Chinese UHNWIs by age
4.2.6 Source of wealth
4.2.7 Inherited vs earned vs self-made
4.2.8 Job titles of UHNWIs
4.2.9 Region
4.2.10 Industry, forecasts and analysis
4.2.11 Sector forecasts to 2015
4.2.12 Geographic analysis of UHNWIs by industry
4.2.13 WealthInsight’s wealth sector opportunity rankings
4.3 UHNWIs – Billionaires
4.3.1 Market Overview
4.3.2 Billionaire volume trend analysis
4.3.3 Billionaire wealth trend analysis
4.3.4 Billionaires: per-capita worth trend analysis
4.3.5 Demographic breakdown of Chinese billionaires by age
4.3.6 Gender
4.3.7 Sources of billionaire wealth
4.3.8 Region
4.3.9 Industry
4.3.10 List of Chinese billionaires
4.4 UHNWIs – Centimillionaires
4.4.1 Market overview
4.4.2 Centimillionaires volume trend analysis
4.4.3 Centimillionaires wealth trend analysis
4.4.4 Centimillionaire per-capita worth trend analysis
4.4.5 Demographic breakdown of Chinese centimillionaires by age
4.5 UHNWIs – Affluent Millionaires
4.5.1 Market overview
4.5.2 Affluent millionaire volume trend analysis
4.5.3 Affluent millionaire wealth trend analysis
4.5.4 Affluent millionaires per-capita worth trend analysis
4.6 Core HNWIs
4.6.1 Market overview
4.6.2 Core HNWI volume trend analysis
4.6.3 Core HNWI wealth trend analysis
4.6.4 Core HNWIs per-capita net worth trend analysis
4.7 Core HNWIs – Mid-Tier Millionaires
4.7.1 Market overview
4.7.2 Mid-tier millionaires volume trend analysis
4.7.3 Mid-tier millionaires wealth trend analysis
4.7.4 Mid-tier millionaires per-capita worth trend analysis
4.8 Core HNWIs – Lower-Tier Millionaires
4.8.1 Market overview
4.8.2 Lower-tier millionaires volume trend analysis
4.8.3 Lower-tier millionaires wealth trend analysis
4.8.4 Lower-tier millionaires per-capita worth trend analysis

5 Analysis of Chinese HNWI Investment
5.1 Analysis by Asset Class
5.1.1 Changing trends in liquid assets – equity, fixed-income and cash deposits
5.1.2 Trends in alternative assets
5.1.3 Trends in “art, wine and wheels”
5.1.4 Trends of investments in real estate
5.1.5 Trends of investments in cash and deposits
5.1.6 Trends of investments in fixed-income
5.1.7 Trends of investments in equity
5.1.8 Trends of investments in business interest
5.2 Analysis of Foreign Investments
5.2.1 Trend of investments in rest of Asia-Pacific
5.2.2 Trend of investments in North America and Europe
5.2.3 Trend of investments in Africa, the Middle East and Latin America

6 Competitive Landscape of the Wealth Sector
6.1 Competitive Structure
6.2 Wealth Management and Private Banking Industry – A Paradigm Shift
6.3 Wealth Management and Private Banking Industry – Competitive Structure
6.4 Wealth Managers and Private Banks
6.4.1 Wealth managers
6.4.2 Private banks
6.4.3 Foreign banks and MNCs
6.4.4 Joint ventures
6.4.5 Domestic providers
6.5 Leading Companies in the Wealth Management and Private Banking Industry
6.6 Family Offices
6.6.1 Multi-family offices
6.6.2 Single-family offices
6.6.3 Trusts
6.7 Offshore Wealth Management and Private Banking Industry
6.8 China Wealth Management and Private Banking Industry – Behavioral Mapping
6.9 Challenges and Opportunities for the Wealth Sector in China
6.9.1 Regulatory environment
6.9.2 Tax
6.9.3 Human capital
6.9.4 Move away from self-management
6.9.5 Underdeveloped product offerings
6.9.6 Demand for intergenerational wealth transfer and younger clientele
6.9.7 Philanthropy
6.9.8 Business development the Chinese way

7 Appendix
7.1 Pertinent Regulations
7.1.1 Regulations on banks
7.1.2 Regulations on foreign direct investment
7.1.3 Regulations on wealth management
7.1.4 Regulations on offshore investment
7.1.5 Regulations on foreign investment in china
7.1.6 Regulations on leveraged buyouts and mergers and acquisitions
7.1.7 Regulations on hedge funds and derivatives
7.1.8 Regulations on private equity investment
7.2 Key Economic Trends and Drivers
7.2.1 Renminbi to US dollar moving annual average exchange rate
7.2.2 Real GDP growth
7.2.3 Per-capita GDP
7.2.4 Gross savings rate as a percentage of GDP
7.2.5 Domestic Market Capitalization
7.2.6 Housing price index
7.2.7 Commodity index
7.2.8 Foreign direct investment
7.2.9 Investments of FIIs in equity products
7.2.10 Inflation rate
7.2.11 Repo rate
7.2.12 Balance of payments
7.2.13 Stock market performance
7.2.14 Fiscal position
7.2.15 HNWI wealth vs GDP
7.2.16 Capital formation as a percentage of GDP
7.2.17 Disposable income as a percentage of GDP
7.3 Supplementary Regional and Sector Specifics

8 About WealthInsight

LIST OF TABLES

Table 1: HNWI Wealth Band and Group Definitions
Table 2: Regional Definitions
Table 3: HNWIs – Volume by Wealth Band, 2007–2015
Table 4: HNWI – Wealth by Wealth Band (US$ Billion), 2007–2015
Table 5: HNWIs – Per-Capita Net Worth (US$ Million), 2007–2015
Table 6: HNWIs – Volume Distribution Wealth Pyramid, 2011
Table 7: HNWIs – Wealth Distribution Wealth Pyramid, 2011
Table 8: HNWIs – Regional Distribution, 2011
Table 9: UHNWIs – Volume by Wealth Band, 2007–2015
Table 10: UHNWIs – Wealth by Wealth Band (US$ Billion), 2007–2015
Table 11: UHNWIs – Per-Capita Net Worth (US$ Million), 2007–2015
Table 12: UHNWIs – Cities by Sector, 2007–2010
Table 13: UHNWIs – Private Banking Potential: China’s Top 15 to 2015
Table 14: UHNWIs – Billionaires: Market Overview, 2007–2015
Table 15: UHNWIs – Billionaires: Industries by Region, 2007–2015
Table 16: UHNWIs – Billionaires: Top 20
Table 17: UHNWIs – Centimillionaires: Market Overview, 2007–2015
Table 18: UHNWIs – Affluent Millionaires: Market Overview, 2007–2015
Table 19: Core HNWIs – Volume by Wealth Band, 2007–2015
Table 20: Core HNWIs – Wealth by Wealth Band (US$ Billion), 2007–2015
Table 21: Core HNWIs – Per-Capita Net Worth by Wealth Band, 2007–2015
Table 22: Core HNWIs – Mid-Tier Millionaires: Market Overview, 2007–2015
Table 23: Core HNWIs – Lower-Tier Millionaires: Market Overview, 2007–2015
Table 24: HNWIs – Liquid Asset Composition (%), 2007–2015
Table 25: HNWIs – Liquid Asset Composition (%), 2007–2015
Table 26: HNWIs – Trends of Investments in Alternative Assets (%), 2007–2015
Table 27: HNWIs – Alternative Asset Composition (%), 2007–2015
Table 28: HNWIs – Trends in “Art, Wine and Wheels”, 2006–2010
Table 29: HNWIs – Change in Foreign Asset Allocation, 2007–2015
Table 30: HNWIs – Foreign Allocations by Asset Class, 2007–2015
Table 31: HNWIs – Global Distribution of Foreign Investments, 2007–2015
Table 32: HNWIs – Trends of Foreign Investments, 2007–2015
Table 33: Major Companies in China’s Wealth Management Industry
Table 34: RMB to US$ Moving Annual Average Exchange Rate, 2006–2015
Table 35: Real GDP Growth Rate, 2006–2015
Table 36: GDP Per Capita, 2006–2015
Table 37: Gross Savings as a Percentage of Real GDP, 2006–2015
Table 38: Domestic Market Capitalization, 2006–2010
Table 39: Housing Price Index, 2006–2010
Table 40: Commodity Indices, 2006–2015
Table 41: Foreign Direct Investments, 2006–2015
Table 42: Investments of FIIs in Equity Products, 2006–2009
Table 43: Inflation Rate, 2006–2015
Table 44: Repo Rate, 2006–2015
Table 45: Balance of Payments, 2006–2010
Table 46: Stock Market Performance, 2006–2010
Table 47: External and Fiscal Debt as Percentage of GDP, 2006–2015
Table 48: HNWI Wealth vs GDP, 2006–2010
Table 49: Capital Formation as a Percentage of GDP, 2006–2015
Table 50: Disposable Income as a Percentage of GDP, 2006–2015

LIST OF FIGURES

Figure 1: HNWI Wealth Band Definitions
Figure 2: WealthInsight Map of China
Figure 3: HNWI Wealth Sector Market Attractiveness, 2007–2015
Figure 4: HNWIs – China vs RoW and Asia-Pacific
Figure 5: HNWIs – Growth Factor Correlation, 2007–2015
Figure 6: HNWIs – Volume by Wealth Band, 2007–2015
Figure 7: HNWI – Wealth by Wealth Band (US$ Billion), 2007–2015
Figure 8: HNWIs – Per-Capita Net Worth (US$ Million), 2007–2015
Figure 9: HNWIs – Volume Distribution Wealth Pyramid, 2011
Figure 10: HNWIs – Wealth Distribution Wealth Pyramid, 2011
Figure 11: HNWIs – Age Distribution, 2011
Figure 12: HNWIs – Source of Wealth, 2011
Figure 13: HNWIs – Regional Distribution, 2011
Figure 14: HNWIs – Regional Distribution: Key Regions, 2011
Figure 15: HNWIs – Growth in Minority and Inland Regions
Figure 16: UHNWIs – Analysis of Wealth Band Evolution, 2007–2015
Figure 17: UHNWIs – Volume by Wealth Band, 2007–2015
Figure 18: UHNWIs – Wealth by Wealth Band (US$ Billion), 2007–2015
Figure 19: UHNWIs – Per-Capita Net Worth (US$ Million), 2007–2015
Figure 20: UHNWIs – Age Comparison by Industry Type
Figure 21: UHNWIs – Title, Size and Change in Wealth
Figure 22: UHNWIs – Regional Distribution by Region
Figure 23: UHNWIs – Distribution by Primary Source of Wealth
Figure 24: UHNWIs – Sector Forecasts to 2015
Figure 25: UHNWIs – Distribution of Industries by Tier
Figure 26: UHNWIs – Growth In Wealth vs Share by Region: Finance, and Technology and Software
Figure 27: UHNWIs – Growth in Wealth vs Share by Region: Basic Materials and Manufacturing
Figure 28: UHNWIs – Growth in UHNWIs by Region
Figure 29: UHNWIs – Regional Comparison by Leading Sector Share
Figure 30: UHNWIs – Share of High-Human-Capital-Development Sectors by Region
Figure 31: UHNWIs – City Comparison, 2007–2010
Figure 32: UHNWIs – Private Banking Opportunity Rating Map – Top Five
Figure 33: UHNWIs – Billionaires: Market Overview, 2007–2015
Figure 34: HNWIs – Distribution by Primary Source of Wealth, 2011
Figure 35: UHNWIs – Billionaires: Age Distribution, 2011
Figure 36: UHNWIs – Billionaires: Regional Distribution by City, 2011
Figure 37: UHNWIs – Billionaires: Distribution by Primary Source of Wealth, 2011
Figure 38: UHNWIs – Centimillionaires: Market Overview, 2007–2015
Figure 39: UHNWIs – Centimillionaires: Age Distribution, 2011
Figure 40: UHNWIs – Affluent Millionaires: Market Overview, 2007–2015
Figure 41: Core HNWIs – Volume by Wealth Band, 2007–2015
Figure 42: Core HNWIs – Wealth by Wealth Band (US$ Billion), 2007–2015
Figure 43: Core HNWIs – Per-Capita Net Worth by Wealth Band, 2007–2015
Figure 44: Core HNWIs – Mid-Tier Millionaires: Market Overview, 2007–2015
Figure 45: Core HNWIs – Lower-Tier Millionaires: Market Overview, 2007–2015
Figure 46: HNWIs – Asset Class Composition, 2007–2015
Figure 47: HNWIs – Changing Trends in Total Liquid Assets (% of Total Assets), 2007–2015
Figure 48: HNWIs – Liquid Assets Composition (US$ Billion), 2007–2015
Figure 49: HNWIs – Trends of Investments in Alternative Assets (US$ Billion), 2007–2015
Figure 50: HNWIs – Trends in “Art, Wine and Wheels”, 2006–2010
Figure 51: HNWIs – 2015 Foreign Asset Allocation vs Growth
Figure 52: HNWIs – Global Distribution of Foreign Investments, 2007–2015
Figure 53: Wealth Management Industry – Structure
Figure 54: Offshore and Onshore Wealth Management Segments in China
Figure 55: China Wealth Management Industry – Behavioral Mapping, 2011
Figure 56: INR to US$ Moving Annual Average Exchange Rate, 2006–2015

- Chinese Banks:
- Bank of China
- Agricultural Bank of China
- China Construction Bank
- Industrial & Commercial Bank of China
- China Citic Bank
- China Merchants Bank
- Bank of Communications
- China Minsheng Banking Corp
- China Everbright Bank
- Bank of Dalian
- Bank of China
- Foreign banks:
- HSBC China
- Citibank China
- UBS AG
- Deutsche Bank China
- Bank of Tokyo-MUFJ
- DBS China
- BNP Paribas
- Standard Chartered
- Royal Bank of Scotland
- JP Morgan Chase
- Credit Agricole
- Joint ventures:
- ICBC Credit Suisse
- BOC BlackRock
- China Citic Bank and BBVA,
- Santander CCB
- Ping An Bank and HSBC
- First Sino Bank and Lotus Worldwide
- BoCommLife and CBA
- Multi-Family Offices
- Serficom Shanghai
- AMC Group – Asset Management China
- KCS Services Limited

Note: Product cover images may vary from those shown

RELATED PRODUCTS

Our Clients

Our clients' logos