DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/25cjs4/challenges_and) has announced the addition of the "Challenges and Opportunities for the Wealth Sector in Hong Kong 2014" report to their offering.
This report is a thorough analysis of Hong Kong's Wealth Management and Private Banking sector, and the opportunities and challenges that it faces.
At the end of 2013, Hong Kong HNWIs held 40.6% (US$423.0 billion) of their wealth outside their home country, which is higher than the worldwide average of 20-30%.
It is expected foreign asset holdings to increase to US$532.0 billion by 2018, accounting for 38.3% of total HNWI assets.
In 2013, the Asia-Pacific region accounted for 59.6% of Hong Kong HNWIs' foreign assets.
It was followed by North America with 17.9%, Europe with 9.4%, South America with 8.1%, the Middle East with 2.6% and Europe with 2.4%.
Hong Kong HNWI allocations to South America increased compared with other regions during the review period, from 5.2% in 2009 to 8.1% in 2013. Asia-Pacific was the other emerging region in terms of global investments.
Over the forecast period, HNWIs are expected to increase their levels of investment in South America to 10.1% of foreign HNWI assets by 2018, with investments increasingly being diverted to emerging economies.
Key Topics Covered:
2 Executive Summary
3 Wealth Sector Fundamentals
4 Competitive Landscape of the Wealth Sector
- 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/25cjs4/challenges_and