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Published: Dec, 2014 | Pages:
106 | Publisher: WealthInsight
Industry: Wealth Management | Report Format: Electronic (PDF)
Synopsis
This report is the result of WealthInsight's extensive research covering the high net worth individual (HNWI) population and wealth management market in Hong Kong. The report focuses on HNWI performance between the end of 2008 (the peak before the global financial crisis) and the end of 2013. This enables us to determine how well the country's UHNWIs have performed through the crisis.
Summary
This report reviews the performance and asset allocations of Ultra HNWIs in Hong Kong, and highlights top-performing cities. It also includes an evaluation of the local wealth management industry.
Scope
UHNWI volume, wealth and allocation trends from 2009 to 2013 UHNWI volume, wealth and allocation forecasts to 2018 UHNWI asset allocations across 13 asset classes Number of UHNWIs in each state and all major cities Fastest growing cities and states for UHNWIs (2009-2013) 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 Hong Kong Size of Hong Kong wealth management industry Largest domestic private banks by AuM Detailed wealth management and family office information Insights into the drivers of HNWI wealth
Reason To Buy
The Ultra HNWIs in Hong Kong 2014 is an unparalleled resource and the leading resource of its kind. Compiled and curated by a team of expert research specialists, the database comprises dossiers on over 60,000 HNWIs from around the world. With the wealth reports as the foundation for our research and analysis, we are able obtain an unsurpassed level of granularity, insight and authority on the HNWI and wealth management universe in each of the countries and regions we cover. Report includes comprehensive forecasts to 2018. Also provides detailed information on UHNWIs in each major city.
Key Highlights
There were 2,560 UHNWIs in Hong Kong in 2013, with an average wealth per capita of US$165.8 million, making them a prime target group for wealth sector professionals. There were 55billionaires, 603 centimillionaires and 1,902 affluent millionaires in total. UHNWIs accounted for 1.4% of the total Hong Kong HNWI population in 2013, higher than the global average of 0.7%. During the review period, the number of Hong Kong UHNWIs increased by 52.6%, from 1,678 in 2009 to 2,560 in 2013. There was a wide range of performance between the different UHNWI wealth bands; while the number of billionaires increased by 161.9%, the number of centimillionaires and affluent millionaires increased by 52.7% and 50.7% respectively. WealthInsight expects the number of UHNWIs to increase by 18.2% to reach 3,235 in 2018. This will include 65billionaires, 768 centimillionaires and 2,403 affluent millionaires.
Table of Contents
1 Introduction 1.1 Details of this Report 1.2 Definitions 2 Executive Summary 3 Wealth Sector Fundamentals 3.1 Political Background 3.2 Economic Background 3.3 Benchmarking Hong Kong Wealth in Context 3.3.1 Distribution of wealth in Hong Kong 3.4 HNWI Volume and Wealth Trends 4 Findings from the WealthInsight HNWI Database 4.1 Trends in HNWI Wealth to 2018 4.1.1 HNWI trend analysis 4.1.2 Wealth band trends 4.1.3 Demographic breakdown of HNWIs 4.1.4 HNWIs - job titles 4.1.5 HNWIs - industry breakdown 4.1.6 HNWIs - industry performance 4.1.7 HNWIs - breakdown by city 4.1.8 HNWIs - city performance 4.1.9 HNWIs - city population densities 4.1.10 HNWIs - city forecasts 4.1.11 HNWIs - breakdown by state 4.1.12 HNWIs - state performance 4.1.13 HNWIs - state population densities 4.2 UHNWIs 4.2.1 UHNWI volume trend analysis 4.2.2 UHNWI wealth trend analysis 4.2.3 Demographic breakdown of UHNWIs 4.2.4 UHNWIs - industry breakdown 4.2.5 UHNWIs - city breakdown and performance 4.3 UHNWIs - Billionaires 4.3.1 Billionaire volume trend analysis 4.3.2 Billionaire wealth trend analysis 4.3.3 Billionaire per capita net worth trend analysis 4.3.4 List of billionaires 4.4 UHNWIs - Centimillionaires 4.4.1 Centimillionaire volume trend analysis 4.4.2 Centimillionaire wealth trend analysis 4.4.3 Centimillionaire per capita net worth trend analysis 4.5 UHNWIs - Affluent Millionaires 4.5.1 Affluent millionaire volume trend analysis 4.5.2 Affluent millionaire wealth trend analysis 4.5.3 Affluent millionaire per capita net worth trend analysis 4.6 Core HNWIs 4.6.1 Core HNWI volume trend analysis 4.7 Core HNWIs - Mid-Tier Millionaires 4.7.1 Mid-tier millionaire volume trend analysis 4.7.2 Mid-tier millionaire wealth trend analysis 4.7.3 Mid-tier millionaire per capita net worth trend analysis 4.8 Core HNWIs - Lower-Tier Millionaires 4.8.1 Lower-tier millionaire volume trend analysis 4.8.2 Lower-tier millionaire wealth trend analysis 4.8.3 Lower-tier millionaire per capita net worth trend analysis 5 Analysis of Hong Kong HNWI Investments 5.1 Analysis by Asset Class 5.1.1 Trends in alternative assets 5.1.2 Trends in 'art, wine and wheels' 5.1.3 Trends of investments in real estate 5.1.4 Trends of investments in cash and deposits 5.1.5 Trends of investments in fixed-income 5.1.6 Investment trends in equity 5.1.7 Investments trends in business interests 5.2 Analysis of Foreign Investments 5.2.1 Investments in Europe 5.2.2 Investments in North America (including the US, Mexico and the Caribbean) 5.2.3 Investments in Asia-Pacific 5.2.4 Investments in Central and South America 5.2.5 Investments in the Middle East 5.2.6 Investments in Africa 5.3 Alternative Breakdown: Liquid vs. Investable Assets 5.4 Analysis of Hong Kong UHNWI Investments 6 Competitive Landscape of the Wealth Sector 6.1 Competitive Landscape 6.1.1 Foreign private banks 6.1.2 Wealth managers 6.1.3 Family offices 6.1.4 Financial advisors 6.2 Developments in the Hong Kong Private Banking Industry 6.3 Hong Kong Wealth Management Industry - Clientele Model and Maturity 6.4 Behavioral Mapping of Wealth Management and Private Banking in Hong Kong 7 Appendix 7.1 Tax Regulations 7.2 Key Drivers 7.2.1 HKD to US$ exchange rate 7.2.2 Real GDP growth 7.2.3 Per capita GDP 7.2.4 Domestic market capitalization 7.2.5 Commodity index 7.2.6 Foreign direct investments - inflow and outflow 7.2.7 Inflation rate 7.2.8 Interest rate 7.2.9 Balance of payments 7.2.10 Government debt 7.2.11 Stock market performance 7.3 Wealth Breakdowns 8 About WealthInsight
List of Tables
Table 1: HNWI Wealth Band and Group Definitions Table 2: Regions in Hong Kong by Population (Volume), 2013 Table 3: Hong Kong HNWIs - Volume Distribution (%), 2013 Table 4: Hong Kong HNWIs - Wealth Distribution Wealth Pyramid (%), 2013 Table 5: Hong Kong HNWIs - Industry Performance, 2009-2013 Table 6: Hong Kong HNWIs - Cities, 2013 Table 7: Hong Kong HNWI Growth in Top Cities (Thousand), 2009-2013 Table 8: Hong Kong HNWI Population Density in Major Cities (Thousand), 2013 Table 9: Hong Kong HNWIs in Top Cities, 2009-2018 Table 10: Hong Kong HNWIs - Growth Rates for Top Cities (%), 2009-2018 Table 11: Hong Kong Volume of HNWI by State, 2013 Table 12: Hong Kong HNWI State Performance (%), 2009-2013 Table 13: Hong Kong HNWIs Population Density by State, 2013 Table 14: Hong Kong UHNWI Gender Performance (%), 2009-2013 Table 15: Hong Kong UHNWI Source of Wealth (%), 2013 Table 16: Hong Kong Volume of UHNWI in Top Cities, 2009-2018 Table 17: Hong Kong UHNWI Growth Rates in Top Cities (%), 2009-2018 Table 18: Hong Kong Billionaires Market Overview (Volume and US$ Billion), 2009-2018 Table 19: Hong Kong Top-10 Billionaires (US$ Billions), 2013 Table 20: Hong Kong Billionaire Wealth Growth (US$ Billion), 2009?2013 Table 21: Hong Kong Centimillionaires Market Overview (Volume and US$ Million/Billion), 2009-2018 Table 22: Hong Kong Affluent Millionaires Market Overview (Volume and US$ Million/Billion), 2009-2018 Table 23: Hong Kong Mid-Tier Millionaires Market Overview (Volume and US$ Million/Billion), 2009-2018 Table 24: Hong Kong Lower-Tier Millionaires Market Overview (Volume and US$ Million/Billion), 2009-2018 Table 25: Hong Kong Allocations of HNWI Assets (%), 2009-2018 Table 26: Hong Kong HNWI Holdings Growth (%), 2009-2018 Table 27: Hong Kong HNWI Alternative Asset Composition (%), 2009-2018 Table 28: Hong Kong HNWI Trends of Investments in Alternative Assets (%), 2009-2018 Table 29: Hong Kong Trends in 'Art, Wine and Wheels', 2009-2013 Table 30: Global Prime Real Estate Prices per m2 (US$), 2014 Table 31: Hong Kong HNWI Foreign Investment Allocations (%), 2009-2018 Table 32: Hong Kong HNWI Liquidity Breakdown (US$ Billion), 2009-2018 Table 33: Hong Kong HNWI Liquidity Breakdown (%), 2009-2018 Table 34: Hong Kong UHNWI Allocations and Share of HNWI Assets (%), 2013 Table 35: Leading Foreign Private Banks in Hong Kong by local AuM (US$ million), 2013 Table 36: Leading Wealth Managers in Hong Kong by AuM (US$m), 2013 Table 37: Leading Family Offices in Hong Kong by AuM (US$m), 2013 Table 38: Wealth Management Industry - Recent Deal Activity in Hong Kong, 2014/2013 Table 39: Hong Kong Income Tax Bands (HKD), 2013-2014 Table 40: HKD per US$ Exchange Rate, 2009-2018 Table 41: Hong Kong Real GDP Growth (%), 2009-2018 Table 42: Hong Kong GDP per Capita (US$), 2009-2018 Table 43: Hong Kong Domestic Market Capitalization (US$ Billion), 2009-2013 Table 44: Hong Kong Commodity Indices, 2009-2018 Table 45: Hong Kong Foreign Direct Investment (US$ Billion), 2007-2011 Table 46: Hong Kong Inflation Rate (%), 2009-2018 Table 47: Hong Kong Money Market Rate (%), 2009-2018 Table 48: Hong Kong Balance of Payments (US$ Billion), 2009-2013 Table 49: Hong Kong Government Debt as a Percentage of GDP, 2009-2018 Table 50: Hong Kong Stock Market Performance, 2009-2013 Table 51: Hong Kong HNWI Wealth vs GDP Ratio, 2009-2018 Table 52: Hong Kong - Appendix One Table 53: Hong Kong - Appendix Two
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