Aarkstore - Challenges and Opportunities for the Wealth Sector in Hong Kong 2014
This report is the result of 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 HNWIs have performed through the crisis. For more information : http://bit.ly/1K60o7h
This report is the result of 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 HNWIs have performed through the crisis.
For more information : http://bit.ly/1K60o7h
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<strong>Aarkstore</strong> Enterprise<br />
2 nd January 2015<br />
Challenges <strong>and</strong> <strong>Opportunities</strong> <strong>for</strong> <strong>the</strong> <strong>Wealth</strong><br />
<strong>Sector</strong> <strong>in</strong> <strong>Hong</strong> <strong>Kong</strong> <strong>2014</strong><br />
Browse Full Report @<br />
http://www.aarkstore.com/wealth-management/82224/challenges-<strong>and</strong>-opportunities<strong>for</strong>-<strong>the</strong>-wealth-sector-<strong>in</strong>-hong-kong-<strong>2014</strong><br />
Published: Dec <strong>2014</strong> | No. Of Pages: 54 Pages<br />
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Synopsis<br />
This Challenges <strong>and</strong> <strong>Opportunities</strong> <strong>for</strong> <strong>the</strong> <strong>Wealth</strong> <strong>Sector</strong> <strong>in</strong> <strong>Hong</strong> <strong>Kong</strong> <strong>2014</strong> report is <strong>the</strong> result of extensive<br />
research cover<strong>in</strong>g <strong>the</strong> high net worth <strong>in</strong>dividual (HNWI) population <strong>and</strong> wealth management market <strong>in</strong> <strong>Hong</strong> <strong>Kong</strong>.<br />
The report focuses on HNWI per<strong>for</strong>mance between <strong>the</strong> end of 2008 (<strong>the</strong> peak be<strong>for</strong>e <strong>the</strong> global f<strong>in</strong>ancial crisis) <strong>and</strong><br />
<strong>the</strong> end of 2013. This enables us to determ<strong>in</strong>e how well <strong>the</strong> country's HNWIs have per<strong>for</strong>med through <strong>the</strong> crisis.<br />
Summary<br />
This report is a thorough analysis of <strong>Hong</strong> <strong>Kong</strong>'s <strong>Wealth</strong> Management <strong>and</strong> Private Bank<strong>in</strong>g sector, <strong>and</strong> <strong>the</strong><br />
opportunities <strong>and</strong> challenges that it faces.<br />
Scope<br />
Independent market siz<strong>in</strong>g of <strong>Hong</strong> <strong>Kong</strong> HNWIs across five wealth b<strong>and</strong>s<br />
HNWI volume <strong>and</strong> wealth trends from 2009 to 2013<br />
HNWI volume <strong>and</strong> wealth <strong>for</strong>ecasts to 2018<br />
HNWI <strong>and</strong> UHNWI asset allocations across 13 asset classes<br />
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<strong>Aarkstore</strong> Enterprise<br />
Number of UHNWIs <strong>in</strong> each state <strong>and</strong> all major cities<br />
Fastest grow<strong>in</strong>g cities <strong>and</strong> states <strong>for</strong> UHNWIs (2009-2013)<br />
Insights <strong>in</strong>to <strong>the</strong> drivers of HNWI wealth<br />
Reasons To Buy<br />
The Challenges <strong>and</strong> <strong>Opportunities</strong> <strong>for</strong> <strong>the</strong> <strong>Wealth</strong> <strong>Sector</strong> <strong>in</strong> <strong>Hong</strong> <strong>Kong</strong> <strong>2014</strong> is an unparalleled resource <strong>and</strong> <strong>the</strong><br />
lead<strong>in</strong>g resource of its k<strong>in</strong>d. Compiled <strong>and</strong> curated by a team of expert research specialists, <strong>the</strong> database comprises<br />
dossiers on over 60,000 HNWIs from around <strong>the</strong> world.<br />
With <strong>the</strong> wealth reports as <strong>the</strong> foundation <strong>for</strong> our research <strong>and</strong> analysis, we are able obta<strong>in</strong> an unsurpassed level of<br />
granularity, <strong>in</strong>sight <strong>and</strong> authority on <strong>the</strong> HNWI <strong>and</strong> wealth management universe <strong>in</strong> each of <strong>the</strong> countries <strong>and</strong><br />
regions we cover.<br />
Report <strong>in</strong>cludes comprehensive <strong>for</strong>ecasts to 2018.<br />
Key Highlights<br />
At <strong>the</strong> end of 2013, <strong>Hong</strong> <strong>Kong</strong> HNWIs held 40.6% (US$423.0 billion) of <strong>the</strong>ir wealth outside <strong>the</strong>ir home country,<br />
which is higher than <strong>the</strong> worldwide average of 2030%.<br />
<strong>Wealth</strong>Insight expects <strong>for</strong>eign asset hold<strong>in</strong>gs to <strong>in</strong>crease to US$532.0 billion by 2018, account<strong>in</strong>g <strong>for</strong> 38.3% of total<br />
HNWI assets.<br />
In 2013, <strong>the</strong> Asia-Pacific region accounted <strong>for</strong> 59.6% of <strong>Hong</strong> <strong>Kong</strong> HNWIs <strong>for</strong>eign assets.<br />
It was followed by North America with 17.9%, Europe with 9.4%, South America with 8.1%, <strong>the</strong> Middle East with<br />
2.6% <strong>and</strong> Europe with 2.4%.<br />
<strong>Hong</strong> <strong>Kong</strong> HNWI allocations to South America <strong>in</strong>creased compared with o<strong>the</strong>r regions dur<strong>in</strong>g <strong>the</strong> review period,<br />
from 5.2% <strong>in</strong> 2009 to 8.1% <strong>in</strong> 2013. Asia-Pacific was <strong>the</strong> o<strong>the</strong>r emerg<strong>in</strong>g region <strong>in</strong> terms of global <strong>in</strong>vestments.<br />
Over <strong>the</strong> <strong>for</strong>ecast period, HNWIs are expected to <strong>in</strong>crease <strong>the</strong>ir levels of <strong>in</strong>vestment <strong>in</strong> South America to 10.1% of<br />
<strong>for</strong>eign HNWI assets by 2018, with <strong>in</strong>vestments <strong>in</strong>creas<strong>in</strong>gly be<strong>in</strong>g diverted to emerg<strong>in</strong>g economies.<br />
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Tables Of Contents<br />
1 Introduction<br />
1.1 Details of this Report<br />
1.2 Def<strong>in</strong>itions<br />
2 Executive Summary<br />
3 <strong>Wealth</strong> <strong>Sector</strong> Fundamentals<br />
3.1 Political Background<br />
3.2 Economic Background<br />
3.3 Benchmark<strong>in</strong>g <strong>Hong</strong> <strong>Kong</strong> <strong>Wealth</strong> <strong>in</strong> Context<br />
3.3.1 Distribution of wealth <strong>in</strong> <strong>Hong</strong> <strong>Kong</strong><br />
3.4 HNWI Volume <strong>and</strong> <strong>Wealth</strong> Trends<br />
4 Competitive L<strong>and</strong>scape of <strong>the</strong> <strong>Wealth</strong> <strong>Sector</strong><br />
4.1 Competitive L<strong>and</strong>scape<br />
4.1.1 Foreign private banks<br />
4.1.2 <strong>Wealth</strong> managers<br />
4.1.3 Family offices<br />
4.1.4 F<strong>in</strong>ancial advisors<br />
4.2 Developments <strong>in</strong> <strong>the</strong> <strong>Hong</strong> <strong>Kong</strong> Private Bank<strong>in</strong>g Industry<br />
4.3 <strong>Hong</strong> <strong>Kong</strong> <strong>Wealth</strong> Management Industry Clientele Model <strong>and</strong> Maturity<br />
4.4 Behavioral Mapp<strong>in</strong>g of <strong>Wealth</strong> Management <strong>and</strong> Private Bank<strong>in</strong>g <strong>in</strong> <strong>Hong</strong> <strong>Kong</strong><br />
5 Appendix<br />
5.1 Additional Components of <strong>the</strong> <strong>Wealth</strong> <strong>Sector</strong> <strong>in</strong> <strong>Hong</strong> <strong>Kong</strong><br />
5.1.1 Philanthropy<br />
5.2 Tax Regulations<br />
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5.3 Regulations Related to Immigration, Investment <strong>and</strong> Employment<br />
5.4 Key Drivers<br />
5.4.1 HKD to US$ exchange rate<br />
5.4.2 Real GDP growth<br />
5.4.3 Per capita GDP<br />
5.4.4 Domestic market capitalization<br />
5.4.5 Commodity <strong>in</strong>dex<br />
5.4.6 Foreign direct <strong>in</strong>vestments <strong>in</strong>flow <strong>and</strong> outflow<br />
5.4.7 Inflation rate<br />
5.4.8 Interest rate<br />
5.4.9 Balance of payments<br />
5.4.10 Government debt<br />
5.4.11 Stock market per<strong>for</strong>mance<br />
5.5 <strong>Wealth</strong> Breakdowns<br />
6 About <strong>Wealth</strong>Insight<br />
List Of Tables<br />
Table 1: HNWI <strong>Wealth</strong> B<strong>and</strong> <strong>and</strong> Group Def<strong>in</strong>itions<br />
Table 2: Regions <strong>in</strong> <strong>Hong</strong> <strong>Kong</strong> by Population (Volume), 2013<br />
Table 3: Lead<strong>in</strong>g Foreign Private Banks <strong>in</strong> <strong>Hong</strong> <strong>Kong</strong> by local AuM (US$ million), 2013<br />
Table 4: Lead<strong>in</strong>g <strong>Wealth</strong> Managers <strong>in</strong> <strong>Hong</strong> <strong>Kong</strong> by AuM (US$m), 2013<br />
Table 5: Lead<strong>in</strong>g Family Offices <strong>in</strong> <strong>Hong</strong> <strong>Kong</strong> by AuM (US$m), 2013<br />
Table 6: <strong>Wealth</strong> Management Industry Recent Deal Activity <strong>in</strong> <strong>Hong</strong> <strong>Kong</strong>, <strong>2014</strong>/2013<br />
Table 7: <strong>Hong</strong> <strong>Kong</strong> Income Tax B<strong>and</strong>s (HKD), 2013<strong>2014</strong><br />
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Table 8: HKD per US$ Exchange Rate, 20092018<br />
Table 9: <strong>Hong</strong> <strong>Kong</strong> Real GDP Growth (%), 20092018<br />
Table 10: <strong>Hong</strong> <strong>Kong</strong> GDP per Capita (US$), 20092018<br />
Table 11: <strong>Hong</strong> <strong>Kong</strong> Domestic Market Capitalization (US$ Billion), 20092013<br />
Table 12: <strong>Hong</strong> <strong>Kong</strong> Commodity Indices, 20092018<br />
Table 13: <strong>Hong</strong> <strong>Kong</strong> Foreign Direct Investment (US$ Billion), 20072011<br />
Table 14: <strong>Hong</strong> <strong>Kong</strong> Inflation Rate (%), 20092018<br />
Table 15: <strong>Hong</strong> <strong>Kong</strong> Money Market Rate (%), 20092018<br />
Table 16: <strong>Hong</strong> <strong>Kong</strong> Balance of Payments (US$ Billion), 20092013<br />
Table 17: <strong>Hong</strong> <strong>Kong</strong> Government Debt as a Percentage of GDP, 20092018<br />
Table 18: <strong>Hong</strong> <strong>Kong</strong> Stock Market Per<strong>for</strong>mance, 20092013<br />
Table 19: <strong>Hong</strong> <strong>Kong</strong> HNWI <strong>Wealth</strong> vs GDP Ratio, 20092018<br />
Table 20: <strong>Hong</strong> <strong>Kong</strong> Appendix One<br />
Table 21: <strong>Hong</strong> <strong>Kong</strong> Appendix Two<br />
List Of Figures<br />
Figure 1: HNWI <strong>Wealth</strong> B<strong>and</strong> Def<strong>in</strong>itions<br />
Figure 2: Map of <strong>Hong</strong> <strong>Kong</strong><br />
Figure 3: <strong>Hong</strong> <strong>Kong</strong> Asset Price Per<strong>for</strong>mance (%), 20092013<br />
Figure 4: <strong>Hong</strong> <strong>Kong</strong> HNWI Per<strong>for</strong>mance (US$ Billions <strong>and</strong> HNWI Volume), 20092018<br />
Figure 5: <strong>Hong</strong> <strong>Kong</strong> vs Global HNWIs (%), 20092018<br />
Figure 6: <strong>Hong</strong> <strong>Kong</strong> <strong>Wealth</strong> Management Industry Maturity Level of Operators, <strong>2014</strong><br />
Figure 7: <strong>Hong</strong> <strong>Kong</strong> <strong>Wealth</strong> Management Industry Behavioral Mapp<strong>in</strong>g, 2013<br />
Figure 8: HKD to US$ Exchange Rate, 20092018<br />
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Figure 9: <strong>Hong</strong> <strong>Kong</strong> Real GDP Growth (%), 20092018<br />
Figure 10: <strong>Hong</strong> <strong>Kong</strong> GDP per Capita (US$), 20092018<br />
Figure 11: <strong>Hong</strong> <strong>Kong</strong> Domestic Market Capitalization (US$ Billion), 20092013<br />
Figure 12: <strong>Hong</strong> <strong>Kong</strong> Commodity Indices, 20092018<br />
Figure 13: <strong>Hong</strong> <strong>Kong</strong> Foreign Direct Investment (US$ Billion), 20072011<br />
Figure 14: <strong>Hong</strong> <strong>Kong</strong> Inflation Rate (%), 20092018<br />
Figure 15: <strong>Hong</strong> <strong>Kong</strong> Money Market Rate (%), 20092018<br />
Figure 16: <strong>Hong</strong> <strong>Kong</strong> Balance of Payments (US$ Billion), 20092013<br />
Figure 17: <strong>Hong</strong> <strong>Kong</strong> Government Debt as a Percentage of GDP, 20092018<br />
Figure 18: <strong>Hong</strong> <strong>Kong</strong> Stock Market Per<strong>for</strong>mance, 20092013<br />
Figure 19: <strong>Hong</strong> <strong>Kong</strong> HNWI <strong>Wealth</strong> vs GDP Ratio, 20092018<br />
Figure 20: <strong>Hong</strong> <strong>Kong</strong> HNWIs Volume by <strong>Wealth</strong> B<strong>and</strong>, 20092018<br />
Figure 21: <strong>Hong</strong> <strong>Kong</strong> HNWIs <strong>Wealth</strong> by <strong>Wealth</strong> B<strong>and</strong> (US$ Billion), 20092018<br />
Figure 22: <strong>Hong</strong> <strong>Kong</strong> HNWIs <strong>Wealth</strong> per Capita (US$ Million), 20092018<br />
Related reports:<br />
Ultra HNWIs <strong>in</strong> Ch<strong>in</strong>a <strong>in</strong> <strong>2014</strong><br />
HNWI Asset Allocation <strong>in</strong> Ch<strong>in</strong>a <strong>2014</strong><br />
Challenges <strong>and</strong> <strong>Opportunities</strong> <strong>for</strong> <strong>the</strong> <strong>Wealth</strong> <strong>Sector</strong> <strong>in</strong> Ch<strong>in</strong>a <strong>2014</strong><br />
High Net Worth trends <strong>in</strong> Ch<strong>in</strong>a <strong>2014</strong><br />
High Net Worth trends <strong>in</strong> Australia <strong>2014</strong><br />
Challenges <strong>and</strong> <strong>Opportunities</strong> <strong>for</strong> <strong>the</strong> <strong>Wealth</strong> <strong>Sector</strong> <strong>in</strong> Australia <strong>2014</strong><br />
HNWI Asset Allocation <strong>in</strong> Australia <strong>2014</strong><br />
Ultra HNWIs <strong>in</strong> Australia <strong>in</strong> <strong>2014</strong><br />
Ch<strong>in</strong>a <strong>Wealth</strong> Report <strong>2014</strong><br />
HNWI Asset Allocation <strong>in</strong> Malaysia <strong>2014</strong><br />
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About <strong>Aarkstore</strong> Enterprise<br />
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