China Wealth Report 2014

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 Social Background
3.4 Benchmarking Chinese Wealth in Context
3.4.1 Distribution of wealth in China
3.5 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
4.2 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 millionnaire 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 Chinese 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 the Asia-Pacific
5.2.4 Investments in 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 Chinese UHNWI Investments
6 Competitive Landscape of the Wealth Sector
6.1 Competitive Landscape
6.1.1 Domestic private banks
6.1.2 Foreign private banks
6.1.3 Wealth managers
6.1.4 Family offices
6.1.5 Financial advisors
6.2 Developments in the Chinese Private Banking Industry
6.3 Wealth Management and the Private Banking Industry
6.4 Chinese Wealth Management Industry – Clientele Model and Maturity
6.5 Behavioral Mapping of Wealth Management and Private Banking in China
6.6 Porter’s Five Force Analysis – the Wealth Management Industry
7 Appendix
7.1 Additional Components of the Wealth Sector in China
7.1.1 Philanthropy
7.2 Tax Regulations
7.3 Regulations Related to Immigration, Investment and Employment
7.4 Key Drivers
7.4.1 CNY to US$ exchange rate
7.4.2 Real GDP growth
7.4.3 Per capita GDP
7.4.4 Domestic market capitalization
7.4.5 Commodity index
7.4.6 Foreign direct investments – inflow and outflow
7.4.7 Inflation rate
7.4.8 Interest rate
7.4.9 Balance of payments
7.4.10 Government debt
7.4.11 Stock market performance
7.5 Wealth Breakdowns
8 About WealthInsight


List Of Table
Table 1: HNWI Wealth Band and Group Definitions
Table 2: Regions in China by Population (Volume), 2013
Table 3: Chinese HNWIs – Volume Distribution (%), 2013
Table 4: Chinese HNWIs – Wealth Distribution Wealth Pyramid (%), 2013
Table 5: Chinese HNWIs – Industry Performance, 2009–2013
Table 6: Chinese HNWIs – Cities, 2013
Table 7: Chinese HNWI Growth in Top Cities (Thousand), 2009–2013
Table 8: Chinese HNWI Population Density in Major Cities (Thousand), 2013
Table 9: Chinese HNWIs in Top Cities (Thousand), 2009–2018
Table 10: Chinese HNWIs – Growth Rates for Top Cities (%), 2009–2018
Table 14: Chinese UHNWI Gender Performance (%), 2009–2013
Table 15: Chinese UHNWI Source of Wealth (%), 2013
Table 16: Chinese Volume of UHNWI in Top Cities (Hundred), 2009–2018
Table 17: Chinese UHNWI Growth Rates in Top Cities (%), 2009–2018
Table 18: Chinese Billionaires Market Overview (Volume and US$ Billion), 2009–2018
Table 19: Chinese Top-10 Billionaires (US$ Billions), 2013
Table 20: Chinese Billionaire Wealth Growth (US$ Billion), 2009?2013
Table 21: Chinese Centimillionaires Market Overview (Volume and US$ Million/Billion), 2009–2018
Table 22: Chinese Affluent Millionaires Market Overview (Volume and US$ Million/Billion), 2009–2018
Table 23: Chinese Mid-Tier Millionaires Market Overview (Volume and US$ Million/Billion), 2009–2018
Table 24: Chinese Lower-Tier Millionaires Market Overview (Volume and US$ Million/Billion), 2009–2018
Table 25: Chinese Allocations of HNWI Assets (%), 2009–2018
Table 26: Chinese HNWI Holdings Growth (%), 2009–2018
Table 27: Chinese HNWI Alternative Asset Composition (%), 2009–2018
Table 28: Chinese HNWI Trends of Investments in Alternative Assets (%), 2009–2018
Table 29: Chinese Trends in ‘Art, Wine and Wheels’, 2009–2013
Table 30: Global Prime Real Estate Prices per m2 (US$), 2012
Table 31: Chinese HNWI Foreign Investment Allocations (%), 2009–2018
Table 32: Chinese HNWI Liquidity Breakdown (US$ Billion), 2009–2018
Table 33: Chinese HNWI Liquidity Breakdown (%), 2009–2018
Table 34: Chinese UHNWI Allocations and Share of HNWI Assets (%), 2013
Table 35: Leading Domestic Private Banks in China by local AuM (US$ Million), 2013
Table 35: Leading Foreign Private Banks in China by local AuM (US$ Million), 2013
Table 36: Leading Wealth Managers in China by AuM (US$m), 2013
Table 38: Wealth Management Industry – Recent Deal Activity in China, 2014/2013
Table 39: Chinese Income Tax Bands (RM), 2013–2014
Table 40: CNY per US$ Exchange Rate, 2009–2018
Table 41: Chinese Real GDP Growth (%), 2009–2018
Table 42: Chinese GDP per Capita (US$), 2009–2018
Table 43: Chinese Domestic Market Capitalization (US$ Billion), 2009–2013
Table 44: Chinese Commodity Indices, 2009–2018
Table 45: Chinese Foreign Direct Investment (US$ Billion), 2007–2011
Table 46: Chinese Inflation Rate (%), 2009–2018
Table 47: Chinese Money Market Rate (%), 2009–2018
Table 48: Chinese Balance of Payments (US$ Billion), 2009–2013
Table 49: Chinese Government Debt as a Percentage of GDP, 2009–2018
Table 50: Chinese Stock Market Performance, 2009–2013
Table 51: Chinese HNWI Wealth vs GDP Ratio, 2009–2018
Table 52: China – Appendix One
Table 53: China – Appendix Two


List Of Figures
Figure 1: HNWI Wealth Band Definitions
Figure 2: Map of China
Figure 3: Chinese Asset Price Performance (%), 2009–2013
Figure 4: Chinese HNWI Performance (US$ Billions and HNWI Volume), 2009–2018
Figure 5: Chinese vs Global HNWIs (%), 2009–2018
Figure 6: Chinese HNWIs – Growth Factor Correlation, 2009–2013
Figure 7: Chinese HNWIs – Wealth Pyramid (Volume Distribution), 2013
Figure 8: Chinese HNWIs – Wealth Pyramid (Volume Distribution), 2013
Figure 9: Chinese HNWIs – Age Distribution (%), 2013
Figure 10: Chinese HNWIs – Job Titles (%), 2009–2013
Figure 11: Chinese HNWIs – Distribution by Industry (%), 2013
Figure 12: Chinese HNWIs – City Performance (%), 2009–2013
Figure 13: Chinese HNWIs – Volume of HNWIs by City (Thousand), 2009 and 2013
Figure 14: Chinese HNWIs – City Forecasts (%), 2014–2018
Figure 15: Chinese Volume of HNWI by City (Thousand), 2014–2018
Figure 16: Chinese UHNWI Wealth Share vs Volume Growth (%), 2009–2013
Figure 17: Chinese UHNWI Volume by Wealth Band (Thousand), 2009–2018
Figure 18: Chinese UHNWI Wealth by Wealth Band (US$ Billion), 2009–2018
Figure 19: Chinese UHNWI Age Distribution (Percentage Share), 2013
Figure 20: Chinese UHNWI Distribution by Industry (%), 2013
Figure 21: Chinese Billionaires Market Overview (Volume and US$ Billion), 2009–2018
Figure 22: Chinese Centimillionaires Market Overview (Volume and US$ Million/Billion), 2009–2018
Figure 23: Chinese Affluent Millionaires Market Overview (Volume and US$ Million/Billion), 2009–2018
Figure 24: Chinese Mid-Tier Millionaires Market Overview (Volume and US$ Million/Billion), 2009–2018
Figure 25: Chinese Lower-Tier Millionaires Market Overview (Volume and US$ Million/Billion), 2009–2018
Figure 26: Chinese HNWI Asset Class Composition (%), 2009–2018
Figure 27: Chinese HNWI Trends in Alternative Assets (US$ Billion), 2009–2018
Figure 28: Chinese Trends in ‘Art, Wine and Wheels’, 2009–2013
Figure 29: Chinese HNWI Foreign Investment Allocation and Growth (%), 2013
Figure 30: Chinese HNWI Global Distribution of Foreign Investments (%), 2009–2018
Figure 31: Chinese HNWI Liquidity Breakdown (%), 2009–2018
Figure 32: Chinese UHNWI Asset Class Composition (%), 2009–2018
Figure 33: Chinese Wealth Management Industry – Maturity Level of Operators, 2014
Figure 34: Chinese Wealth Management Industry Behavioral Mapping, 2013
Figure 35: Chinese Wealth Management Industry – Five Forces Analysis
Figure 36: CNY to US$ Exchange Rate, 2009–2018
Figure 37: Chinese Real GDP Growth (%), 2009–2018
Figure 38: Chinese GDP per Capita (US$), 2009–2018
Figure 39: Chinese Domestic Market Capitalization (US$ Billion), 2009–2013
Figure 40: Chinese Commodity Indices, 2009–2018
Figure 41: Chinese Foreign Direct Investment (US$ Billion), 2007–2011
Figure 42: Chinese Inflation Rate (%), 2009–2018
Figure 43: Chinese Money Market Rate (%), 2009–2018
Figure 44: Chinese Balance of Payments (US$ Billion), 2009–2013
Figure 45: Chinese Government Debt as a Percentage of GDP, 2009–2018
Figure 46: Chinese Stock Market Performance, 2009–2013
Figure 47: Chinese HNWI Wealth vs GDP Ratio, 2009–2018
Figure 48: Chinese HNWIs – Volume by Wealth Band, 2009–2018
Figure 49: Chinese HNWIs – Wealth by Wealth Band (US$ Billion), 2009–2018
Figure 50: Chinese HNWIs – Wealth per Capita (US$ Million), 2009–2018

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