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.
Scope
• Independent market sizing of Hong Kong's 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 in 13 asset classes
• Geographical breakdown of all foreign assets
• Alternative breakdown of liquid vs investable assets
• UHNWI populations in major cities
• The number of wealth managers in each city
• City ratings of wealth management saturation and potential
• Details of the development, challenges and opportunities relating to the wealth management and private banking sector in Hong Kong
• The size of Hong Kong's wealth management industry
• The 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 Hong Kong. It also includes an evaluation of the local wealth management market.
Reasons To Buy
• The Hong Kong Wealth Report 2015 is an unparalleled resource, and the leading report of its kind. Compiled and curated by a team of expert research specialists, the report comprises a wide variety of data created based on over 125,000 HNWIs from around the world in WealthInsight's database.
• With the wealth reports as the foundation for its research and analysis, WealthInsight is 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 it covers.
• 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 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, the latest merger and acquisition activity, and the opportunities and challenges that the sector faces.
• It also provides detailed information on HNWI populations in each major city.
Key highlights
• There were 193,553 HNWIs in Hong Kong in 2014, who collectively held US$1.1 trillion in wealth.
• The volume of Hong Kong HNWIs rose by 4.6% in 2014, following an increase of 3.2% in 2013.
• Growth in HNWI wealth and numbers is expected to improve over the forecast period. The number of Hong Kong HNWIs is forecast to grow by 15.6%, to reach 231,186 in 2019, while HNWI wealth is projected to grow by 25.8% to reach US$1.4 trillion.
Table Of Contents
1 Introduction
1.1 Details of this Report
1.2 Definitions
2 Executive Summary
3 Wealth Sector Fundamentals
4 Distribution of Wealth in Hong Kong
4.1 HNWI Volume and Wealth Trends
5 Findings from the WealthInsight HNWI Database
5.1 Trends in HNWI Wealth to 2019
5.1.1 HNWI trend analysis
5.1.2 Wealth band trends
5.1.3 Demographic breakdown of HNWIs
5.1.4 HNWIs - job titles
5.1.5 HNWIs - industry breakdown
5.1.6 HNWIs - industry performance
5.1.7 HNWIs - breakdown by city
5.1.8 HNWIs - city performance
5.1.9 HNWIs - city population densities
5.1.10 HNWIs - city forecasts
5.2 UHNWIs
5.2.1 UHNWI volume trend analysis
5.2.2 UHNWI wealth trend analysis
5.2.3 Demographic breakdown of UHNWIs
5.2.4 UHNWIs - industry breakdown
5.2.5 UHNWIs - city breakdown and performance
5.3 UHNWIs - Billionaires
5.3.1 Billionaire volume trend analysis
5.3.2 Billionaire wealth trend analysis
5.3.3 Billionaire per capita net worth trend analysis
5.3.4 List of billionaires
5.4 UHNWIs - Centimillionaires
5.4.1 Centimillionaire volume trend analysis
5.4.2 Centimillionaire wealth trend analysis
5.4.3 Centimillionaire per capita net worth trend analysis
5.5 UHNWIs - Affluent Millionaires
5.5.1 Affluent millionaire volume trend analysis
5.5.2 Affluent millionaire wealth trend analysis
5.5.3 Affluent millionaire per capita net worth trend analysis
5.6 Core HNWIs
5.6.1 Core HNWI volume trend analysis
5.7 Core HNWIs - Mid-Tier Millionaires
5.7.1 Mid-tier millionaire volume trend analysis
5.7.2 Mid-tier millionaire wealth trend analysis
5.7.3 Mid-tier millionaire per capita net worth trend analysis
5.8 Core HNWIs - Lower-Tier Millionaires
5.8.1 Lower-tier millionaire volume trend analysis
5.8.2 Lower-tier millionaire wealth trend analysis
5.8.3 Lower-tier millionaire per capita net worth trend analysis
6 Analysis of Hong Kong HNWI Investments
6.1 Analysis by Asset Class
6.1.1 Trends in alternative assets
6.1.2 Trends in ‘art, wine and wheels’
6.1.3 Trends of investment in real estate
6.1.4 Trends of investment in cash and deposits
6.1.5 Trends of investment in fixed-income
6.1.6 Investment trends in equity
6.1.7 Investments trends in business interests
6.2 Analysis of Foreign Investments
6.2.1 Investments in Europe
6.2.2 Investments in North America (including the US, Mexico and the Caribbean)
6.2.3 Investments in Asia-Pacific
6.2.4 Investments in South America
6.2.5 Investments in the Middle East
6.2.6 Investments in Africa
6.3 Alternative Breakdown: Liquid vs Investable Assets
6.4 Analysis of Hong Kong UHNWI Investments
7 Competitive Landscape
7.1 Additional Components of the Wealth Sector in Hong Kong
7.1.1 Domestic private banks
7.1.2 Foreign Private Banks
7.1.3 Wealth managers
7.1.4 Family offices
7.1.5 Financial advisors
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 (FDI) - inflows and outflows
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: Hong Kong HNWIs - Volume Distribution (%), 2014
Table 3: Hong Kong HNWIs - Wealth Distribution Wealth Pyramid (%), 2014
Table 4: Hong Kong HNWIs - Industry Performance (%), 2010-2014
Table 5: Hong Kong HNWIs - Cities, 2014
Table 6: Hong Kong HNWI Growth in Top Cities (Thousand), 2010-2014
Table 7: Hong Kong HNWIs Population Density in Major Cities (Thousand), 2014
Table 8: Hong Kong HNWIs in Top Cities (Thousand), 2010-2019
Table 9: Hong Kong HNWIs - Growth Rates for Top Cities (%), 2010-2019
Table 10: Hong Kong HNWI Source of Wealth (%), 2014
Table 11: Hong Kong UHNWI Gender Performance (%), 2010-2014
Table 12: Hong Kong Volume of UHNWI in Top Cities, 2010-2019
Table 13: Hong Kong UHNWIs Growth Rates for Top Cities (%), 2010-2019
Table 14: Hong Kong Billionaires Market Overview (Volume and US$ Billion) 2010-2019
Table 16: Hong Kong Billionaire Wealth Growth (US$ Billion), 2010?2014
Table 15: Hong Kong Top-10 Billionaires (US$ Billion), 2014
Table 17: Hong Kong Centimillionaires Market Overview (Volume and US$ Million/Billion), 2010-2019
Table 18: Hong Kong Affluent Millionaires Market Overview (Volume and US$ Million/Billion), 2010-2019
Table 19: Hong Kong Mid-Tier Millionaires Market Overview (Volume and US$ Million/Billion), 2010-2019
Table 20: Hong Kong Lower-Tier Millionaires Market Overview (Volume and US$ Million/Billion), 2010-2019
Table 21: Hong Kong Allocations of HNWI Assets (%), 2010-2019
Table 22: Hong Kong HNWIs ? Holdings Growth (%), 2010-2019
Table 23: Hong Kong HNWI Alternative Asset Composition (%), 2010-2019
Table 24: Hong Kong HNWI Trends of Investments in Alternative Assets (%), 2010-2019
Table 25: Hong Kong Trends in ‘Art, Wine and Wheels’, 2010-2014
Table 26: Global Prime Real Estate Prices per m2 (US$), 2014
Table 27: Hong Kong HNWI Foreign Investment Allocations (%), 2010-2019
Table 28: Hong Kong HNWI Liquidity Breakdown (US$ Billion), 2010-2019
Table 29: Hong Kong HNWI Liquidity Breakdown (%), 2010-2019
Table 30: Hong Kong UHNWI Allocations and Share of HNWI Assets (%), 2014
Table 32: HKD to US$ Exchange Rate, 2010-2019
Table 33: Hong Kong Real GDP Growth (%), 2010-2019
Table 34: Hong Kong GDP Per Capita (US$), 2010-2019
Table 35: Hong Kong Domestic Market Capitalization (US$ Billion), 2010-2014
Table 36: Hong Kong Commodity Indices, 2010-2019
Table 37: Hong Kong Foreign Direct Investments (US$ Billion), 2010-2019
Table 38: Hong Kong Inflation Rate (%), 2010-2019
Table 39: Hong Kong Money Market Rate (%), 2010-2019
Table 40: Hong Kong Balance of Payments (US$ Billion), 2010-2014
Table 41: Hong Kong Government Debt as a Percentage of GDP (%), 2010-2019
Table 42: Hong Kong Stock Market Performance (Index), 2010-2014
Table 43: Hong Kong HNWI Wealth vs. GDP Ratio (%), 2010-2019
Table 44: Hong Kong- Appendix One
Table 45: Hong Kong - Appendix Two
List Of Figures
Figure 1: HNWI Wealth Band Definitions
Figure 2: Map of Hong Kong
Figure 3: Hong Kong Asset Price Performance (%), 2010-2014
Figure 4: Hong Kong HNWI Performance (US$ Billion and HNWI Volume), 2010-2019
Figure 5: Hong Kong vs Global HNWIs (%), 2010-2019
Figure 6: Hong Kong HNWIs - Growth Factor Correlation, 2010-2014
Figure 7: Hong Kong HNWIs - Wealth Pyramid (Volume Distribution), 2014
Figure 8: Hong Kong HNWIs - Wealth Pyramid (Volume Distribution), 2014
Figure 9: Hong Kong HNWIs - Age Distribution (%), 2014
Figure 10: Hong Kong HNWIs - Job Titles (%), 2010-2014
Figure 11: Hong Kong HNWIs - Distribution by Industry (%), 2014
Figure 12: Hong Kong HNWIs - City Performance (%), 2010-2014
Figure 13: Hong Kong HNWIs - Volume of HNWIs by city (Thousand), 2010 and 2014
Figure 14: Hong Kong HNWIs - City Forecasts (%), 2015-2019
Figure 15: Hong Kong Volume of HNWIs by City (Thousand), 2015-2019
Figure 16: Hong Kong UHNWIs Wealth Share vs Volume Growth (%), 2010-2014
Figure 17: Hong Kong UHNWIs Volume by Wealth Band (Thousand), 2010-2019
Figure 18: Hong Kong UHNWI Wealth by Wealth Band (US$ Billion), 2010-2019
Figure 19: Hong Kong UHNWI Age Distribution (Percentage Share), 2014
Figure 20: Hong Kong UHNWI Distribution by Industry (%), 2014
Figure 21: Hong Kong Billionaires Market Overview (Volume and US$ Billion), 2010-2019
Figure 22: Hong Kong Centimillionaires Market Overview (Volume and US$ Million/Billion), 2010-2019
Figure 23: Hong Kong Affluent Millionaires Market Overview (Volume and US$ Million/Billion), 2010-2019
Figure 24: Hong Kong Mid-Tier Millionaires Market Overview (Volume and US$ Million/Billion), 2010-2019
Figure 25: Hong Kong Lower-Tier Millionaires Market Overview (Volume and US$ Million/Billion), 2010-2019
Figure 26: Hong Kong HNWI Asset Class Composition (%), 2010-2019
Figure 27: Hong Kong HNWI Trends in Alternative Assets (US$ Billion), 2010-2019
Figure 28: Hong Kong Trends in ‘Art, Wine and Wheels’, 2010-2014
Figure 29: Hong Kong HNWI Foreign Investment Allocation and Growth (%), 2014
Figure 30: Hong Kong HNWIs - Global Distribution of Foreign Investments (%), 2010-2019
Figure 31: Hong Kong HNWI Liquidity Breakdown (%), 2010-2019
Figure 32: Hong Kong UHNWI Asset Class Composition (%), 2010-2019
Figure 33: Hong Kong Exchange Rate - RUB to US$, 2010-2019
Figure 34: Hong Kong Real GDP Growth (%), 2010-2019
Figure 35: Hong Kong GDP Per Capita (US$), 2010-2019
Figure 36: Hong Kong Domestic Market Capitalization (US$ Billion), 2010-2014
Figure 37: Hong Kong Commodity Indices, 2010-2019
Figure 38: Hong Kong Foreign Direct Investments (US$ Billion), 2010-2019
Figure 39: Hong Kong Inflation Rate (%), 2010-2019
Figure 40: Hong Kong Money Market Rate (%), 2010-2019
Figure 41: Hong Kong Balance of Payments (US$ Billion), 2010-2014
Figure 42: Hong Kong Government Debt as a Percentage of GDP (%), 2010-2019
Figure 43: Hong Kong Stock Market Performance (Index), 2010-2014
Figure 44: Hong Kong HNWI Wealth vs. GDP Ratio (%), 2010-2019
Figure 45: Hong Kong HNWIs - Volume by Wealth Band, 2010-2019
Figure 46: Hong Kong HNWIs - Wealth by Wealth Band (US$ Billion), 2010-2019
Figure 47: Hong Kong HNWIs - Wealth per Capita (US$ Million), 2010-2019
