Hong Kong's elite buy major assets.Hong n. 1. A mercantile establishment or factory for foreign trade in China, as formerly at Canton; a succession of offices connected by a common passage and used for business or storage. Kong's elite consumers are getting wealthier--and acquiring major assets. This is the central conclusion about these high income 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. residents, which appears in the results of the PAX media survey conducted by the global market research firm Synovate. The results were released on October 2, 2007. The survey was conducted in several Asian markets. This review focuses on Hong Kong.
Synovate said, "Wealthy Hong Kong people The following is an alphabetical list of people from Hong Kong.
Survey results showed that acquiring these major assets has taken some of the energy out of wealthy Hong Kong consumers desire to shop. "For a place where shopping has been the national past time, the elites are changing their game."
The particular income segment surveyed by Synovate decidedly includes consumers who have everything. They, "already have high ownership of luxury, personal and household products," according to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. the analysis. One speculation: Since these consumers own what they want to, they may be waiting for "the next big thing."
In spite of in opposition to all efforts of; in defiance or contempt of; notwithstanding.
See also: Spite their lull in shopping fervor, Synovate says that, "many marketers will be pleased to see that luxury still rules in Hong Kong." As examples, Synovate offers: Purchase intention for designer goods and luxury watches is highest in Hong Kong compared with the rest of the Asia Pacific region. Some 8.0 percent of respondents In the context of marketing research, a representative sample drawn from a larger population of people from whom information is collected and used to develop or confirm marketing strategy. said they intended to purchase luxury designer and leather goods. And 15 percent have plans to purchase a watch next year valued at over us$500.00.