A Review of the Premier Banking Industry in Hong Kong - Highlighting Market Opportunities for New Entrants.DUBLIN Dublin, city, Republic of Ireland Dublin, Irish Baile Átha Cliath, county borough (1991 pop. 915,516), Leinster, capital of the Republic of Ireland, on Dublin Bay at the mouth of the Liffey River. , Ireland Ireland, Irish Eire (âr`ə) [to it are related the poetic Erin and perhaps the Latin Hibernia], island, 32,598 sq mi (84,429 sq km), second largest of the British Isles. -- Research and Markets (http://www.researchandmarkets.com/reports/c33922 ) has announced the addition of Premier Banking Services in Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. to their offering. This report considers approaches to premier banking in Hong Kong. The report outlines the major trends, identifies opportunities for market entrants and existing players and profiles providers that are innovative or that have achieved success serving the premier customer segment. Scope of this title: --Looks at the growth of the Hong Kong market and the most popular products amongst affluent individuals, and identifies competitor opportunities --Sizes the population that would qualify for premier banking services in Hong Kong --Provides action points for domestic and foreign banks looking to attract and retain these premier banking clients Highlights of this title: The variable macroeconomic mac·ro·ec·o·nom·ics n. (used with a sing. verb) The study of the overall aspects and workings of a national economy, such as income, output, and the interrelationship among diverse economic sectors. conditions over the last few years have not had the impact upon affluent wealth creation that one would have expected. In fact, growth in total retail liquid assets Cash, or property immediately convertible to cash, such as Securities, notes, life insurance policies with cash surrender values, U.S. savings bonds, or an account receivable. has been relatively strong over the 1999-2004 period at 6.1% compounded annually. ABN AMRO ABN AMRO Algemene Bank Nederland-Amsterdam Roterdam Bank (Dutch bank) offers a relatively elaborate elaborate to produce complex substances out of simpler materials. referral rewards program for existing clients, whereby they can earn different amounts of cash for referring potential clients depending on the level of assets the potential client has and the number of successful referrals the client has already made. Income is a substantial indicator Indicator Anything used to predict future financial or economic trends. Notes: In the context of technical analysis, an indicator is a mathematical calculation based on a securities price and/or volume. The result is used to predict future prices. of future or potential wealth as a proportion of this income is ultimately saved or invested thus building up the asset base. This suggests that some banks could steal steal (stel) diversion, as of blood flow, of something from its normal course, as in occlusive arterial disease. subclavian steal a march on their competitors COMPETITORS, French law. Persons who compete or aspire to the same office, rank or employment. As an English word in common use, it has a much wider application. Ferriere, Dict. de Dr. h.t. and get into the market early by focussing on income rather than assets. Topics Covered Chapter 1 Introduction What is this report about? Who is the target reader? How to use this report Chapter 2 Market overview Introduction Hong Kong's economy was weak over the 1999-2004 period, yet retail wealth increased The economic environment was not conducive to growth The share of liquid wealth owned by the premier segment increased over the 1999-2004 period And the number of individuals eligible for premier banking has increased Data Chapter 3 Products and services Premier offerings revolve around a few key products and services but lending is not a 'premier' criteria Relationship is the primary selling point Platinum credit cards are a key part of the premier offering Premium deposit accounts allow clients to hedge currency risk Data Chapter 4 Competitive dynamics Competitors in Hong Kong have rich pickings Almost all Hong Kong retail banks value premier clients Other markets place very different importance on premier banking Assessment of online provision reveals a mixed bag Chapter 5 Future decoded The economic and financial outlook is positive Forecast assumptions show strong GDP growth Retail liquid assets are forecast to grow at a sustainable rate The outlook for the premier banking sector is reasonably positive The premier population is growing at a rate of 5.2% Premier banking individuals are to maintain their share of assets The Hong Kong players will seee some challenges ahead There is very little differentiation at first glance Competition is only going to get more intense Clients will become more demanding There are two criteria that the competitors are overlooking None of the competitors take into account lending in their thresholds Income is not currently a consideration Data Chapter 6 Appendix Definitions AAGR CAGR Gini index Liquid assets Liquid asset bands Premier banking population Research methodology The Global Wealth Model The UK sub model Asia-Pacific sub model Forecasting methodology Our wealth numbers compared with others' numbers Bespoke Wealth Market Sizing Further reading Asia-Pacific Wealth Reports Asia-Pacific Insight Reports Global Wealth Service: Competitor Tracking Financial Services Consulting Asia-Pacific contacts List of Tables List of Figures For more information visit http://www.researchandmarkets.com/reports/c33922 Source: Datamonitor Datamonitor is a provider of online database and analysis services. The company is based in the United Kingdom and also has offices in the United States, Japan, and other countries.[1] The Datamonitor team includes analysts and professional researchers. |
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