This report is the result of WealthInsight’s extensive research covering the high net worth individual (HNWI) population and wealth management market in China.
Executive Summary :
This report reviews the performance and asset allocations of HNWIs and ultra-HNWIs in China. It also includes an evaluation of the local wealth management market.
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• Independent market sizing of Chinese HNWIs across five wealth bands
• HNWI volume, wealth and allocation trends from 2009 to 2013
• HNWI volume, wealth and allocation forecasts to 2018
• HNWI and UHNWI asset allocations across 13 asset classes
• Geographical breakdown of all foreign assets
• Alternative breakdown of liquid vs investable assets
• Number of UHNWIs in major cities
• Number of wealth managers in each city
• City wise ratings of wealth management saturation and potential
• Details of the development, challenges and opportunities of the wealth management and private banking sector in China
• Size of China's wealth management industry
• Largest private banks by AuM
• Detailed wealth management and family office information
• Insights into the drivers of HNWI wealth
Key Highlights :
• There were 1,279,972 HNWIs in China in 2013. These HNWIs held US$4.3 trillion in wealth, and wealth per HNWI averaged US$3.4 million.
• Chinese HNWI numbers increased by 5.5% in 2013, following a 11.8% increase in 2012.
• Growth in HNWI wealth and volumes is expected to improve over the forecast period. The number of Chinese HNWIs is forecast to grow by 27.1%, to reach 1.7 million by 2018, while HNWI wealth is expected to grow by 46.5%, to reach US$7.12 trillion by the same year.
• Chinese HNWIs held 18.4% (US$796.0 billion) of their wealth outside their home country at the end of 2013, which is below the worldwide average of 20–30%.
Table of Contents:
2 Executive Summary