Synopsis
This report is the result of WealthInsight’s extensive research covering the high net worth individual (HNWI) population and wealth management market in China.
Scope
• Independent market sizing of the Chinese HNWIs across five wealth bands
• HNWI volume, wealth and allocation trends from 2010 to 2014
• HNWI volume, wealth and allocation forecasts to 2019
• 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 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
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.
Reasons To Buy
• China Wealth Report 2015 is an unparalleled resource and the leading resource of its kind. Compiled and curated by a team of expert research specialists, the report comprises a wide variety of data that is created based on over 125,000 HNWIs from around the world in our database.
• With the wealth reports as the foundation for our research and analysis, we are able to 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.
• The report reviews the performance and asset allocations of HNWIs and Ultra HNWIs. The report also includes projections of the volume, wealth and asset allocations of the HNWIs to 2019 and a comprehensive background of the local economy.
• The report provides a thorough analysis of the Private Banking and Wealth Management sector, latest merger and acquisition activity and the opportunities and challenges that it faces.
• It also provides detailed information on HNWIs volumes in each major city.
Key highlights
• There were 1,347,713 HNWIs in China in 2014. These HNWIs held US$4.8 trillion in wealth, and wealth per HNWI averaged US$3.6 million.
• Chinese HNWI numbers increased by 5.3% in 2014, following a 5.5% increase in 2013.
• Growth in HNWI wealth and volumes is expected to improve over the forecast period. The number of Chinese HNWIs is forecast to grow by 50.9%, to reach 2.2 million by 2019, while HNWI wealth is expected to grow by 75.9%, to reach US$9.5 trillion by the same year.
• Chinese HNWIs held 19.9% (US$963.8 billion) of their wealth outside their home country at the end of 2014, which is below the worldwide average of 20-30%.
Table Of Contents
China Merchant Bank Co. Ltd
Agricultural Bank of China Ltd
Bank of China Ltd
Bank of Communications Co. Ltd
China CITIC Bank Corp. Ltd
China Construction Bank Corp.
China Minsheng Banking Corp.
Industrial and Commercial Bank of China Ltd
Industrial Bank Co. Ltd
Shanghai Pudong Development Bank Co. Ltd
List Of Tables
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 2019
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 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 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 Figures
Table 1: HNWI Wealth Band and Group Definitions
Table 2: Regions in China by Population (Volume), 2014
Table 3: Chinese HNWIs - Volume Distribution (%), 2014
Table 4: Chinese HNWIs - Wealth Distribution Wealth Pyramid (%), 2014
Table 5: Chinese HNWIs - Industry Performance, 2010-2014
Table 6: Chinese HNWIs - Cities, 2014
Table 7: Chinese HNWI Growth in Top Cities (Thousand), 2010-2014
Table 8: Chinese HNWI Population Density in Major Cities (Thousand), 2014
Table 9: Chinese HNWIs in Top Cities (Thousand), 2010-2019
Table 10: Chinese HNWIs - Growth Rates for Top Cities (%), 2010-2019
Table 11: Chinese UHNWI Gender Performance (%), 2010-2014
Table 12: Chinese UHNWI Source of Wealth (%), 2014
Table 13: Chinese Volume of UHNWI in Top Cities (Hundred), 2010-2019
Table 14: Chinese UHNWI Growth Rates in Top Cities (%), 2010-2019
Table 15: Chinese Billionaires Market Overview (Volume and US$ Billion), 2010-2019
Table 16: Chinese Top 10 Billionaires (US$ Billions), 2014
Table 17: Chinese Billionaire Wealth Growth (US$ Billion), 2010?2014
Table 18: Chinese Centimillionaires Market Overview (Volume and US$ Million/Billion), 2010-2019
Table 19: Chinese Affluent Millionaires Market Overview (Volume and US$ Million/Billion), 2010-2019
Table 20: Chinese Mid-Tier Millionaires Market Overview (Volume and US$ Million/Billion), 2010-2019
Table 21: Chinese Lower-Tier Millionaires Market Overview (Volume and US$ Million/Billion), 2010-2019
Table 22: Chinese Allocations of HNWI Assets (%), 2010-2019
Table 23: Chinese HNWI Holdings Growth (%), 2010-2019
Table 24: Chinese HNWI Alternative Asset Composition (%), 2010-2019
Table 25: Chinese HNWI Trends of Investments in Alternative Assets (%), 2010-2019
Table 26: Chinese Trends in ‘Art, Wine and Wheels’, 2010-2014
Table 27: Global Prime Real Estate Prices per m2 (US$), 2012
Table 28: Chinese HNWI Foreign Investment Allocations (%), 2010-2019
Table 29: Chinese HNWI Liquidity Breakdown (US$ Billion), 2010-2019
Table 30: Chinese HNWI Liquidity Breakdown (%), 2010-2019
Table 31: Chinese UHNWI Allocations and Share of HNWI Assets (%), 2014
Table 32: Leading Domestic Private Banks in China by local AuM (US$ Million), 2014
Table 33: Leading Foreign Private Banks in China by local AuM (US$ Million), 2014
Table 34: Leading Wealth Managers in China by AuM (US$m), 2014
Table 35: Wealth Management Industry - Recent Deal Activity in China, 2014/2014
Table 36: Chinese Income Tax Bands (RM), 2014-2014
Table 37: CNY per US$ Exchange Rate, 2010-2019
Table 38: Chinese Real GDP Growth (%), 2010-2019
Table 39: Chinese GDP per Capita (US$), 2010-2019
Table 40: Chinese Domestic Market Capitalization (US$ Billion), 2010-2014
Table 41: Chinese Commodity Indices, 2010-2019
Table 42: Chinese Foreign Direct Investment (US$ Billion), 2007-2011
Table 43: Chinese Inflation Rate (%), 2010-2019
Table 44: Chinese Money Market Rate (%), 2010-2019
Table 45: Chinese Balance of Payments (US$ Billion), 2010-2014
Table 46: Chinese Government Debt as a Percentage of GDP, 2010-2019
Table 47: Chinese Stock Market Performance, 2010-2014
Table 48: Chinese HNWI Wealth vs GDP Ratio, 2010-2019
Table 49: China - Appendix One
Table 50: China - Appendix Two
