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Ultra HNWIs in Hong Kong to 2015 Product Image

Ultra HNWIs in Hong Kong to 2015

  • Published: January 2012
  • Region: Hong Kong
  • 71 pages
  • WealthInsight Ltd

FEATURED COMPANIES

  • ABN Amro
  • Barclays Wealth
  • Chinese banks:
  • Financial Advisors
  • Local Banks
  • The Iyo Bank, Ltd
  • MORE

Synopsis
This report is the result of WealthInsight’s extensive research covering the UHNWI population and Wealth Management industry in Hong Kong. It provides market size and forecasts of the UHNWI population. By leveraging the WealthInsight HNWI Database, it provides key demographic breakdowns.

Summary
Hong Kong’s relationship with mainland China and its status as a global financial centre makes it a prime destination for private banking. This report provides historical trends and projections of the volume and wealth of Hong Kong’s UHNWIs. The report also reviews these findings in an analysis of the local Wealth Management and Private Banking sector, and the opportunities therein.

Scope
The report features:
- Independent market sizing of Hong Kong’s UHNWI
- Most up to date and thorough analysis of the demographic breakdown of Hong Kong’s UHNWI
- Volume and wealth trends from 2007 to 2011 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 Hong Kong Wealth in Context
4 Findings from the WealthInsight HNWI Database
4.1 UHNWIs
4.1.1 Market overview
4.1.2 UHNWI volume trend analysis
4.1.3 UHNWI wealth trend analysis
4.1.4 UHNWI per capita net worth trend analysis
4.1.5 Demographic Breakdown of Hong Kong’s UHNWI
4.2 UHNWIs – Billionaires
4.2.1 Market overview
4.2.2 Billionaire volume trend analysis
4.2.3 Billionaire wealth trend analysis
4.2.4 Billionaire per capita net worth trend analysis
4.2.5 Demographic Breakdown of Hong Kong’s Billionaires
4.2.6 Sources of billionaire wealth
4.2.7 List of Billionaires in Hong Kong
4.3 UHNWIs – Centimillionaires
4.3.1 Market overview
4.3.2 Centimillionaire volume trend analysis
4.3.3 Centimillionaire wealth trend analysis
4.3.4 Centimillionaire per capita net worth trend analysis
4.4 UHNWI – Affluent Millionaires
4.4.1 Market overview
4.4.2 Affluent millionaire volume trend analysis
4.4.3 Affluent millionaire wealth trend analysis
4.4.4 Affluent millionaire per capita net worth trend analysis
5 Competitive Landscape of the Wealth Sector
5.1 Competitive Structure
5.1.1 Wealth management and private banking industry – competitive structure
5.1.2 Multinational corporations
5.1.3 Chinese banks
5.1.4 Local Hong Kong banks
5.1.5 Wealth managers
5.1.6 Private banks
5.1.7 Joint ventures
5.1.8 Boutique and independent financial advisors
5.1.9 Trusts
5.2 Family offices
5.2.1 Hybrid family offices
5.2.2 Multi-family offices
5.2.3 Single-family offices
5.3 Leading Companies in the Wealth Management and Private Banking Industry
5.4 Offshore Wealth Management and Private Banking Industry
5.5 Hong Kong Wealth Management and Private Banking Industry – Behavioral Mapping
5.6 Challenges and Opportunities for the Wealth Sector in Hong Kong
5.6.1 Regulatory environment
5.6.2 Tax structure
5.6.3 Human resource availability for the wealth management and private banking industry
5.6.4 Philanthropy
5.6.5 Intergenerational wealth transfer and younger clientele
6 Appendix
6.1 Pertinent Regulations
6.1.1 Regulations on banks
6.1.2 Regulations on foreign banks
6.1.3 Regulations on real estate
6.1.4 Regulations on foreign investment
6.1.5 Regulations on capital investment
6.1.6 Regulations on leverage buyouts and M&A
6.1.7 Regulations on hedge funds and derivatives
6.1.8 Regulations related to taxes
6.2 Key Economic Trends and Drivers
6.2.1 National wealth indicators
6.2.2 Financial market indicators
6.2.3 Banking indicators
6.2.4 Trade indicators
6.2.5 Other indicators
7 About WealthInsight

List of Tables
Table 1: HNWI Wealth Band and Group Definitions
Table 2: UHNWIs – Volume by Wealth Band, 2007–2015
Table 3: UHNWIs – Wealth by Wealth Band (US$ Billion), 2007–2015
Table 4: UHNWIs – Per Capita Net Worth (US$ Million), 2007–2015
Table 5: UHNWIs – Billionaires: Market Overview, 2007–2015
Table 6: UHNWIs – Billionaires: Top 20
Table 7: UHNWIs – Centimillionaires: Market Overview, 2007–2015
Table 8: UHNWIs – Affluent Millionaires: Market Overview, 2007–2015
Table 9: Main Companies in the Hong Kong Wealth Management Industry
Table 10: Main Companies in the Hong Kong Wealth Management Industry
Table 11: Real GDP Growth Rate (%), 2006–2015
Table 12: GDP Per Capita, 2006–2015
Table 13: Gross Savings as a Percentage of Real GDP, 2006–2015
Table 14: Domestic Market Capitalization and P/E Ratio, 2006–2010
Table 15: Housing Price Index, 2006–2010
Table 16: Commodity Indices, 2006–2015
Table 17: Foreign Direct Investment (US$ Billion), 2006–2015
Table 18: Investments of FIIs in Equity Products, 2006–2009
Table 19: Inflation Rate (%), 2006–2015
Table 20: Repo Rate (%), 2006–2015
Table 21: Balance of Payments (US$ Billion), 2006–2010
Table 22: Stock Market Performance, 2006–2010
Table 23: External and Fiscal Debt as Percentage of GDP, 2006–2015
Table 24: HNWIs Wealth vs GDP Ratio, 2006–2010
Table 25: Capital Formation as a Percentage of GDP, 2006–2015
Table 26: Disposable Income as a Percentage of GDP, 2006–2015

List of Figures
Figure 1: UHNWIs – Analysis of Wealth Band Evolution, 2007–2015
Figure 2: UHNWIs – Volume by Wealth Band, 2007–2015
Figure 3: UHNWIs – Wealth by Wealth Band (US$ Billion), 2007–2015
Figure 4: UHNWIs – Per Capita Net Worth (US$ Million), 2007–2015
Figure 5: UHNWIs – Average Age by Major Industry, 2011
Figure 6: UHNWIs – Industry Distribution by Primary Source of Wealth (%), 2011
Figure 7: UHNWIs – Industry Performance, 2007–2011
Figure 8: UHNWIs – Industry Forecasts, 2011–2015
Figure 9: UHNWIs – Performance by Job Title, 2007–2011
Figure 10: UHNWIs – Billionaires: Market Overview, 2007–2015
Figure 11: UHNWIs – Billionaires: Age Distribution, 2011
Figure 12: UHNWIs – Billionaires: Performance per Job Title, 2007–2011
Figure 13: UHNWIs – Billionaires: Distribution by Primary Source of Wealth (%), 2011
Figure 14: UHNWIs – Billionaires: Performance by Industry, 2007–2011
Figure 15: UHNWIs – Centimillionaires: Market Overview, 2007–2015
Figure 16: UHNWIs – Affluent Millionaires: Market Overview, 2007–2015
Figure 17: Hong Kong Wealth Management Industry – Behavioral Mapping, 2011
Figure 18: Real GDP Growth (%), 2006–2015
Figure 19: GDP Per Capita, 2006–2015
Figure 20: Gross Savings as a Percentage of Real GDP, 2006–2015
Figure 21: Domestic Market Capitalization and P/E Ratio, 2006–2010
Figure 22: Housing Price Index, 2006–2010
Figure 23: Commodity Indices, 2006–2015
Figure 24: Foreign Direct Investment (US$ Billion), 2006–2015
Figure 25: Investments of FIIs in Equity Products, 2006–2009
Figure 26: Inflation Rate (%), 2006–2015
Figure 27: Repo Rate (%), 2006–2015
Figure 28: Balance of Payments (US$ Billion), 2006–2010
Figure 29: Stock Market Performance, 2006–2010
Figure 30: External and Fiscal Debt as Percentage of GDP, 2006–2015
Figure 31: HNWIs Wealth vs GDP Ratio, 2006–2010
Figure 32: Capital Formation as a Percentage of GDP, 2006–2015
Figure 33: Disposable Income as a Percentage of GDP, 2006–2015

Hong Kong’s relationship with mainland China and its status as a global financial centre makes it a prime destination for private banking. This report provides historical trends and projections of the volume and wealth of Hong Kong’s UHNWIs. The report also reviews these findings in an analysis of the local Wealth Management and Private Banking sector, and the opportunities therein.

International banks:

ABN Amro
ABSA Asia Ltd
ANZ Private Bank
Bank of America (Asia) Ltd
Bank of Taiwan
Banque Pictet
Banque Privée Edmond de Rothschild
Barclays Wealth
BNP Paribas
Citi Private Bank
Credit Suisse
DBS Bank
Deutsche Bank
EFG Bank
Fubon Bank
Goldman Sachs
J.P. Morgan Private Clients
Julius Baer
Morgan Stanley Asia Limited
RBS Coutts
Rothschild
Standard Chartered Private Bank
The Iyo Bank, Ltd
UBS AG
Wayfoong Finance Ltd
Local Banks
Bank of East Asia
Chi Yu Bank
Chong Hing Bank Limited
Dah Sing Bank Limited
Hang Seng Bank Ltd
MEVAS Bank Limited
Tai Sang Bank Ltd.
Tai Yau Bank Ltd.
Wing Hang Bank Ltd.
Wing Lung Bank

Chinese banks:

Agricultural Bank of China
Bank of China
Bank of Communications
China CITIC Bank
China Construction Bank
China Everbright Bank
China Merchants Bank
China Trust Commercial Bank Limited
Industrial and Commercial Bank of China
Nanyang Commercial Bank
Hong Kong Life Insurance
ICICI Venture Funds and Va Tech Wabag
JPMorgan Chase and First Capital Securities Co
Morgan Stanley and Huaxin Securities Co Ltd
Ajia Partners (Hong Kong) Ltd.
AMC Group – Asset Management China
HSBC Family Office Services Ltd.
Lombard Odier Darier Hentsch Ltd.
KCS Services Limited
The Pacific Bridge Companies
RMA Partners
VP Wealth Management Ltd.
Wealth Management Group
Financial Advisors
Brogan & Scaltrito
CIT Commercial Services (Asia) Ltd
Xinhua Finance Ltd
Uni-Asia Finance Corporation

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