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Wealth in Hong Kong: Sizing the Market Opportunity

Wealth in Hong Kong: Sizing the Market Opportunity

  • April 2016
  • 44 pages
  • ID: 3375695
In this report:
In the year leading up to June 2015, real property prices rose by ##.##%, which has resulted in the country becoming the most expensive housing market in the world (IMF, 2016; South China Morning Post, 2016).
The HNW population in Hong Kong is expected to further increase over the forecast period, recording an AAGR of ##.##% between 2015 and 2019 as more wealth is generated, making it among the most attractive HNW markets in the world.

Summary

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Brief

The number of affluent investors in Hong Kong (HK) grew to 2.4 million in 2015, achieving a lower rate of growth than its long-term average since the financial crisis rocked the industry in 2008. Yet Hong Kong remains an attractive market. 40.0 percent of the adult population is considered affluent, comparable to markets in the developed West, while growth rates still resemble those found in the East. Increase going forward will be more modest for both affluent investor numbers and assets. But with affluent assets still forecast to achieve 7.20 percent annual growth over the years to 2019 - due to more residents moving into this class and a general appreciation of capital - Hong Kong (HK) retains much of its allure as a source of additional clients for wealth managers.

Main highlights

- The global number of affluent investors in Hong Kong (HK) is forecast to grow to 3.3 million by 2019.

- Retail savings and investments are dominated by deposits, and despite the low returns on offer this is not anticipated to change as investors will remain cautious.

- High net worth investors are equally cautious in their onshore liquid investment portfolio allocations, with a modest 6.30 percent held in alternatives, commodities, and property.

- Strong overall links make Hong Kong HNW investors among the most ready to offshore, with 40.0 percent of their wealth booked offshore.

Abstract

Verdict Financial's "Wealth in Hong Kong (HK): Sizing the Market Opportunity" examines Hong Kong's wealth and retail savings and investments markets, with a focus on the HNW segment. The market research is based on our proprietary datasets.

Specifically the report:

- Sizes the affluent market (both by the number of individuals and 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 global savings and investments market.

- Examines HNW clients' attitudes towards non-liquid investments including property and commodities.

- Determines main drivers and booking centers for offshore investments.

Great reasons to purchase

- Benchmark your share of Hong Kong's wealth market against the current market size.

- Forecast your future growth prospects using our projections for the sector to 2019.

- Identify your most favorable client segment by analyzing penetration of affluent individuals in Hong Kong (HK).

- Evaluate your HNW proposition by understanding how the local tax system affects your HNW clients.

- Review your offshore strategy by learning HNW motivations for offshore investments and their preferred booking centers.

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