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Challenges and Opportunities for the Wealth Sector in China 2013

Published By :

WealthInsight

Published Date : Nov 2013

Category :

Wealth Management

No. of Pages : 59 Pages


Synopsis

This report is the result of WealthInsights extensive research covering the high net worth individual (HNWI) population and wealth management market in China.
The report focuses on HNWI performance between the end of 2007 (the peak before the global financial crisis) and the end of 2012. This enables us to determine how well the country\'s HNWIs have performed through the crisis.

Summary

This report is a thorough analysis of China\'s Wealth Management and Private Banking sector, and the opportunities and challenges that it faces.

Scope

  • Independent market sizing of China HNWIs across five wealth bands
  • HNWI volume and wealth trends from 2008 to 2012
  • HNWI volume and wealth forecasts to 2017
  • HNWI and UHNWI asset allocations across 13 asset classes 
  • Number of UHNWIs in each state and all major cities
  • Fastest growing cities and states for UHNWIs (2008-2012)
  • Insights into the drivers of HNWI wealth

Reasons To Buy

  • The WealthInsight Intelligence Center Database 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.
  • The Intelligence Center also includes tracking of wealth and liquidity events as they happen and detailed profiles of major private banks, wealth managers and family offices in each market.
  • With the Database 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 2017.

Key Highlights

  • In 2012, there were approximately 1.4 million core millionaires in China, with a combined wealth of US$3.8 trillion and an average wealth of US$2.6 million. 
  • The number of core HNWIs increased by 89.8% from 755,503 in 2008 to 1,472,276 in 2012. 
  • According to WealthInsights projections, the number of core HNWIs in China will grow by 34% over the forecast period to reach 2,364,857 by 2017.
Table of Content

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 Social Background
3.4 Benchmarking China Wealth in Context
3.4.1 World statistics
3.4.2 Distribution of wealth in China
3.5 HNWI Volume and Wealth Trends

4 Competitive Landscape of the Wealth Sector
4.1 Competitive Landscape
4.1.1 Private Banks
4.1.2 Wealth managers
4.1.3 Family Offices
4.1.4 Single-family offices
4.1.5 Financial advisors
4.2 Wealth Management Industry Clientele Model and Maturity
4.3 Behavioral Mapping of Wealth Management and Private Banking
4.4 Financial Services Review
4.4.1 Retail banks
4.4.2 Hedge funds

5 Appendix
5.1 Additional Components of the Wealth Sector in China
5.1.1 Philanthropy
5.1.2 Demand for Intergenerational Wealth Transfer
5.1.3 Human Resource Availability for the Wealth Management Industry
5.2 Regulations on Taxes
5.3 Regulations Related to Immigration, Investment and Employment
5.4 Economic Indicators
5.4.1 CNY to US$ exchange rate
5.4.2 Real GDP growth
5.4.3 Per capita GDP
5.4.4 Domestic market capitalization
5.4.5 Commodity index
5.4.6 Foreign direct investment
5.4.7 Inflation rate
5.4.8 Interest rate
5.4.9 Balance of payments
5.4.10 Government debt
5.4.11 Stock market performance
5.4.12 Wealth Breakdowns

6 About WealthInsight

List of Table

Table 1: HNWI Wealth Band and Group Definitions
Table 2: Main Regions in China
Table 3: Major Companies - China Wealth Management and Private Banking Industry, 2012
Table 4: Chinese Income Tax Structure and Taxable Bands, 2012
Table 5: CNY to US$ Exchange Rate, 20082017
Table 6: China Real GDP Growth, 20082017
Table 7: China GDP Per Capita, 20082017
Table 8: China Domestic Market Capitalization (US$ Billions) 20082012
Table 9: China Commodity Indices, 20082017
Table 10: China Foreign Direct Investments (US$ Billions) 20082017
Table 11: China Inflation Rate, 20082017
Table 12: China Money Market Rate, 20082017
Table 13: China Balance of Payments (US$ Billions) 20082012
Table 14: China Government Debt to GDP, 20082017
Table 15: China Stock Market Performance, 20082012
Table 16: China HNWI Wealth vs. GDP Ratio, 20082017
Table 17: China Appendix One
Table 18: China Appendix Two

List of Chart

Figure 1: HNWI Wealth Band Definitions
Figure 2: Map of China
Figure 3: China: Asset Price Performance, 20082012
Figure 4: China HNWI Performance, 20082017
Figure 5: Chinese HNWIs vs. the World
Figure 6: China: Wealth Management Industry Maturity Level of Players
Figure 7: China: Behavioral Mapping of HNWIs, 2012
Figure 8: SGD to US$ Exchange Rate, 20082017
Figure 9: China Real GDP Growth (%), 20082017
Figure 10: China GDP Per Capita, 20082017
Figure 11: China Domestic Market Capitalization (US$ Billions) 20082012
Figure 12: China Commodity Indices, 20082017
Figure 13: China Foreign Direct Investments (US$ Billions) 20082017
Figure 14: China Inflation Rate, 20082017
Figure 15: China: Money Market Rate, 2008-2017
Figure 16: China Balance of Payments (US$ Billions) 20082012
Figure 17: China Government Debt to GDP, 20082017
Figure 18: China Stock Market Performance, 20082017
Figure 19: China HNWI Wealth vs. GDP Ratio, 20082017
Figure 20: Chinese HNWIs Volume by Wealth Band, 20082017
Figure 21: Chinese HNWIs Wealth by Wealth Band (in US$ Billions), 20082017
Figure 22: Chinese HNWIs Wealth Per Capita (in US$ Billions), 20082017

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