DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/c8s6l9/ultra_hnwis_in) has announced the addition of the "Ultra HNWIs in Hong Kong in 2014" report to their offering.
This report reviews the performance and asset allocations of Ultra HNWIs in Hong Kong, and highlights top-performing cities. It also includes an evaluation of the local wealth management industry.
There were 2,560 UHNWIs in Hong Kong in 2013, with an average wealth per capita of US$165.8 million, making them a prime target group for wealth sector professionals. There were 55 billionaires, 603 centimillionaires and 1,902 affluent millionaires in total.
UHNWIs accounted for 1.4% of the total Hong Kong HNWI population in 2013, higher than the global average of 0.7%. During the review period, the number of Hong Kong UHNWIs increased by 52.6%, from 1,678 in 2009 to 2,560 in 2013.
There was a wide range of performance between the different UHNWI wealth bands; while the number of billionaires increased by 161.9%, the number of centimillionaires and affluent millionaires increased by 52.7% and 50.7% respectively.
It is expected the number of UHNWIs to increase by 18.2% to reach 3,235 in 2018. This will include 65 billionaires, 768 centimillionaires and 2,403 affluent millionaires.
Synopsis:
- 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 UHNWIs have performed through the crisis.
Key Topics Covered:
1 Introduction
2 Executive Summary
3 Wealth Sector Fundamentals
4 Findings from the HNWI Database
5 Analysis of Hong Kong HNWI Investments
6 Competitive Landscape of the Wealth Sector
7 Appendix
Companies Mentioned
- Bank of East Asia
- CITIC Bank International
- Chi Yu Bank
- Chong Hing Bank Ltd
- Dah Sing Bank Ltd
- Hang Seng Bank Ltd
- Nanyang Commercial Bank
- Tai Sang Bank Ltd
- Wing Hang Bank
For more information visit http://www.researchandmarkets.com/research/c8s6l9/ultra_hnwis_in
