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Hong Kong Wealth Management Market Sizing and Opportunities to 2026

Publisher GlobalData
Published Aug 11, 2022
Length 36 Pages
SKU # GBDT17401676

Description

Hong Kong Wealth Management Market Sizing and Opportunities to 2026

Summary

Hong Kong’s affluent segment (including HNWs and mass affluents) accounted for 51.2% of the total population and held 94.7% of the country’s total onshore liquid assets in 2021. Despite the economic recovery in 2021, resurgence of the virus and Chinese regulatory crackdown hampered the performance of the flagship Hang Seng index. As a result, affluent individuals’ liquid assets are predicted to have risen by a moderate 2.3% in 2021, while the liquid assets of HNWs grew by 5.1%. Deposits account for the largest share of the Hong Kong retail savings and investment portfolio, constituting nearly 70% of the overall balances. Between 2022 and 2026, we expect the retail savings and investments market to record a CAGR of 4.0%. This will mainly be driven by equities, which are forecast to expand at a CAGR of 6.6% over 2022-26. Robo-advice accounts for 4.8% of the Hong Kong HNW portfolio. Nevertheless, the market for robo-advisory services is growing in the HNW space in Hong Kong, with multiple wealth managers entering the space.

Based on our proprietary datasets, GlobalData’s “Hong Kong Wealth Management: Market Sizing and Opportunities 2026” report analyzes Hong Kong's wealth and retail savings and investments markets. This includes overall affluent market size (both by number of individuals and the value of their liquid assets). The report also provides analysis of the factors driving liquid asset growth, including a breakdown and forecast of total retail savings and investments split by asset classes including equities, mutual funds, deposits and bonds.

Scope
  • HNW individuals constituted 51% of the total adult population of Hong Kong in 2021.
  • Hong Kong’s HNW investors diversify their wealth equally across advisory, discretionary, and execution-only mandates.
  • Deposits remain the most popular investment avenue for Hong Kong investors indicating their preference for safe haven investment asset classes.
  • Bonds continued to form a small proportion (7.2%) of retail investment portfolios in 2021.
Reasons to Buy
  • Make strategic decisions using top-level historic and forecast data on Hong Kong’s wealth industry.
  • Identify the most promising client segment by analyzing the penetration of affluent individuals.
  • Receive detailed insights into retail liquid asset holdings in Hong Kong.
  • Understand the changing market and competitive dynamics by learning about new competitors and recent deals in the wealth space.
  • See an overview of key digital disruptors in the country’s wealth market.

Table of Contents

36 Pages
    • Residents in Hong Kong segmented by asset band
    • Retail onshore liquid assets segmented by asset band
    • Comparing resident and non-resident holdings
    • Hong Kong investor asset allocation
    • Hong Kong HNW asset allocation
    • Investment channels
    • HNW investment style preferences
    • Hong Kong investor offshore drivers
    • Hong Kong HNW offshore holdings
    • Overview
    • Equities
    • Mutual funds
    • Deposits
    • Bonds
  • Digital Disruptors
    • Number of individuals in Hong Kong segmented by asset band (000s), 2010-15
    • Number of individuals in Hong Kong segmented by asset band (000s), 2016-26f
    • Retail liquid assets in Hong Kong segmented by asset band ($ billion), 2010-15
    • Retail liquid assets in Hong Kong segmented by asset band ($ billion), 2016-26f
    • Resident retail savings and investments in Hong Kong ($ billion), 2010-26f
    • Definitions
    • Methodology
    • Secondary sources
    • About GlobalData

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