Ultra HNWIs in Hong Kong to 2015

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
• UHNWI volume and wealth forecasts to 2015
• Details of the development, challenges and opportunities of Hong Kong’s Wealth Management and Private Banking sector
• Current insights into the drivers of HNWI wealth
• Family office information

Reasons To Buy

The WealthInsight HNWI Database is an unparalleled resource and the leading database of its kind. Compiled and curated by a team of expert research specialists, the HNWI Database comprises up to one hundred data-points on over 100,000 HNWI around the world. With the HNWI Database as the foundation for our research and analysis, we are able obtain an unsurpassed level of granularity, insight and authority on the HNWI universe in each of the countries and regions we cover.

Comprehensive forecasts to 2015.

Information on sources of wealth for HNWIs in each major city, by industry and other measures.

Key Highlights

• In 2011, there were 2,560 UHNWIs in Hong Kong, with an average wealth of US$148 million per person and a combined wealth of US$378 billion.
• UHNWI wealth grew by 18% during the review period (2007-2011), while UHNWI volumes grew by 16%.
• WealthInsight expects UHNWI volumes to rise by 33% over the forecast period, reaching over 3,400 individuals in 2015. Meanwhile, UHNWI wealth is projected to increase by 34%, to reach US$506 billion in 2015.
• Hong Kong’s overall prospects remain bright. The PRC’s Twelfth-Five-Year Plan, which intends on internationalizing the Chinese currency for the first time, gives support to the development of Hong Kong as a Chinese offshore and international asset management centre.