Assess Market Attractiveness by Reviewing Size and Growth Forecasts for the Potential Wealthy Client Base Through 2011 for Hong Kong.DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c77969) has announced the addition of "Wealth Management 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. 2007" to their offering. Introduction Our Wealth Management in Hong Kong 2007 focuses on the onshore liquid wealth of mass affluent Mass affluent and emerging affluent are marketing terms used to refer to the growing high end of the mass market. It is most commonly used by the financial services industry to refer to individuals with US$100,000 to US$1,000,000 of liquid financial assets,[1] and high net worth customers in Hong Kong. It provides detailed analytical views of macro-economic background, retail savings and investments, mass affluent and high net worth individuals, competitive dynamics, customer preferences and forecasts. Scope Data from our Global Wealth model on the number of wealthy individuals and their aggregate onshore 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. from 2002-11. Segmentation of the wealth data across 14 liquid asset bands starting at USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 60k through USD10m. Retail S&I data from 2002-6 across four liquid asset classes including deposits, mutual funds, equities and bonds. Highlights of the main wealth managers in the market, including both local and foreign players; presents brief profiles of some of the main players. Highlights Hong Kong was hit hard between the 2001-03 period, feeling the effects of the global downturn and technology crash, and suffering from the outbreak of Severe Acute Respiratory Syndrome Severe Acute Respiratory Syndrome (SARS) Definition Severe acute respiratory syndrome (SARS) is the first emergent and highly transmissible viral disease to appear during the twenty-first century. . From 2004-2006, Hong Kong's economy has performed particularly well. Onshore retail liquid assets in Hong Kong have increased strongly in the last five years, with the majority of savings in deposits. However retail mutual fund investments increased strongly and direct equity investment were popular. The retail bond market remained relatively small. There were more than 1.1 million wealthy individuals in Hong Kong in 2006 holding USD372bn in onshore liquid assets; by 2011 there will be more than 1.7 million wealthy individuals living in Hong Kong. Reasons to Purchase Assess market attractiveness by reviewing size and growth forecasts for the potential wealthy client base through 2011. Use the detailed liquid asset customer segmentation to analyse your key customer groups. Assess the threats and opportunities for wealth managers and ascertain who the key competitors are within the industry. Overview Catalyst Summary Executive Summary Market Context Competitive Dynamics Table of figures Table of tables Market Context Introduction The Hong Kong economy has recovered from recent adverse events After shocks in 1998 and 2001, Hong Kong's economy has picked up again Hong Kong has experienced long periods of deflation Interest rates has been increasing The stock market has been rising As a result Hong Kongs savings and investment market has grown strongly Despite a slowdown in 2004, deposits have been growing Direct equity balances have grown strongly Mutual fund investments have increased significantly Direct bond balances were small but increasing Trends in Hong Kong products and services The Premier Banking proposition centers on premium deposits, financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against and credit cards Premium deposit accounts allow clients to hedge currency risk Financial planning offers clients tailored investment advice Credit card accounts and total debt has increased in 2006 And of course Hong Kong is a major offshore FS centre Regulation Market entry rules for banks Despite a slowdown in 2004, Hong Kongs affluent population and onshore liquid assets has increased strongly 2008-9 will be characterized by struggling economies worldwide Rising interest rates, excessive borrowing and negative savings rates have combined in a perfect storm that will upend most of the worlds economies The widespread securitization Securitization The process of creating a financial instrument by combining other financial assets and then marketing them to investors. Notes: Mortgage backed securities are a perfect example of securitization. May also be spelled as "securitisation. of loans will compound this problem And the US economy is not healthy enough to expand itself out of this market Foreign direct investment may also boost the economy, however foreign investors are pulling money out of the US markets A continued Treasury sell-off may further depress the dollar and force interest rate hikes ... Another major terrorist attack in the US would destabilize de·sta·bi·lize tr.v. de·sta·bi·lized, de·sta·bi·liz·ing, de·sta·bi·liz·es 1. To upset the stability or smooth functioning of: the economy further Market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. will fall worldwide as US stock markets continue their jitters jitters 'Butterflies' Psychology An episode of nervousness or anxiety that often precedes a public event; jitters is a type of performance anxiety which may affect actors in a stage production–stage fright or soloist musicians; it may respond to anxiolytics There were more than 1.1 million wealthy individuals in Hong Kong in 2006 Wealthy individuals in Hong Kong currently hold USD372.4 billion in onshore liquid assets Hong Kongs wealthy population represents an attractive market for onshore wealth management There will be more than 1.7 million wealthy individuals living in Hong Kong by 2011 Wealthy individuals in Hong Kong will hold almost USD600 billion in onshore liquid assets by 2011 Data Competitive Dynamics Introduction Hong Kongs competitive landscape is saturated The locally incorporated licensed banks The foreign incorporated licensed banks The representative foreign banks Wealth Management operations Bank of China Hong Kong Citibank Hang Seng Hang Seng An index of the leading stocks on the Hong Kong stock market. Notes: The Hang Seng Index (HSI) comprises different stocks that are representative of the whole Hong Kong market. See also: DAX, Index, Nikkei, S&P 500 HSBC HSBC Hongkong and Shanghai Banking Corporation HSBC Humane Society of Broward County (Florida) HSBC Humane Society of Bay County (Bay County, Michigan) Standard Chartered Bank Standard Chartered Bank (LSE: STAN, HKSE: 2888 ) is a British bank headquartered in London with operations in more than fifty countries. It operates a network of over 1,600 branches (including subsidiaries, associates and joint ventures) and employs almost 60,000 ABN AMRO ABN AMRO Algemene Bank Nederland-Amsterdam Roterdam Bank (Dutch bank) JPMorgan APPENDIX Definitions Aggregate CAGR CAGR See: Compound Annual Growth Rate High net worth (HNW HNW High Net Worth HNW Home Networking Wizard (MIcrosoft Windows ME) HNW Human Noise and Wildlife ) Premier banking population Liquid assets Liquid asset bands Methodology Global Wealth Model Methodology The UK sub model Asia-Pacific sub model Forecasting methodology Continuous refinement to the understanding of liquid wealth distribution Our wealth numbers compared with other wealth numbers Further reading Ask the analyst Our consulting Disclaimer Companies mentioned: -- Asset Acceptance Capital Corporation -- Bank of China Limited -- Barclays PLC -- Bear Stearns Companies Inc., The -- BNP Paribas Group -- Citibank, N.A. -- Deutsche Bank AG -- EMI (ElectroMagnetic Interference) An electrical disturbance in a system due to natural phenomena, low-frequency waves from electromechanical devices or high-frequency waves (RFI) from chips and other electronic devices. Allowable limits are governed by the FCC. Group PLC -- HSBC Holdings plc -- ING Groep N.V. -- Lehman Brothers Holdings Inc. -- Merrill Lynch & Co., Inc. -- Morgan Stanley -- Singapore Power (2) -- Standard Chartered PLC -- UBS AG For more information visit http://www.researchandmarkets.com/reports/c77969. Source: Datamonitor |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion