Challenges and Opportunities for the Wealth Sector in Hong Kong 2013

Published: Dec, 2013 | Pages: 65 | Publisher: WealthInsight
Industry: Wealth Management | Report Format: Electronic (PDF)


Synopsis
 This report is the result of WealthInsight's 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 2007 (the peak before the global financial crisis) and the end of 2012. This enables us to determine how well the country's HNWIs have performed through the crisis.
Summary
This report is a thorough analysis of Hong Kong's Wealth Management and Private Banking sector, and the opportunities and challenges that it faces.
Scope
 Independent market sizing of Hong Kong HNWIs across five wealth bands
 HNWI volume and wealth trends from 2008 to 2012
 HNWI volume and wealth forecasts to 2017
 HNWI and UHNWI asset allocations across 13 asset classes 
 Number of UHNWIs in each state and all major cities
 Fastest growing cities and states for UHNWIs (2008-2012)
 Insights into the drivers of HNWI wealth
Reason To Buy
 The WealthInsight Intelligence Center Database is an unparalleled resource and the leading resource of its kind. Compiled and curated by a team of expert research specialists, the database comprises dossiers on over 60,000 HNWIs from around the world.
 The Intelligence Center also includes tracking of wealth and liquidity events as they happen and detailed profiles of major private banks, wealth managers and family offices in each market.
 With the Database as the foundation for our research and analysis, we are able obtain an unsurpassed level of granularity, insight and authority on the HNWI and wealth management universe in each of the countries and regions we cover.
 Report includes comprehensive forecasts to 2017.
Key Highlights
 In 2012, Hong Kong HNWIs held 39.8% (US$452 billion) of their wealth outside their home country, which is above the worldwide norm of 20-30%.
 WealthInsight expects foreign asset holdings to increase to US$648 billion by 2017, when they will account for 37.3% of total HNWI assets.
 The Asia-Pacific region accounted for 59.6% of the foreign assets of Hong Kong HNWIs.
 It was followed by North America with 18.3%, Europe with 11.8%, Latin and South America with 6.1%, the Middle East with 2.5% and Africa with 1.9%. 
 The share of foreign assets that Hong Kong HNWIs allocated to the Asia-Pacific region increased marginally from 57.7% in 2008 to 59.6% in 2012. The allocation is expected to increase over the forecast period to reach 61.8% by 2017, as there is huge potential in emerging economies such as China and India.

 1 Introduction
1.1 Details of this Report
1.2 Definitions
2 Executive Summary
3 Wealth Sector Fundamentals
3.1 Political Background
3.2 Economic Background
3.3 Social Background
3.4 Benchmarking Hong Kong Wealth in Context
3.4.1 Distribution of wealth in Hong Kong
3.5 HNWI Volume and Wealth Trends
4 Competitive Landscape of the Wealth Sector
4.1 Competitive Landscape
4.1.1 Private Banks
4.1.2 Wealth managers
4.1.3 Family offices
4.1.4 Financial advisors
4.2 Hong Kong Wealth Management Industry - Clientele Model and Maturity
4.3 Developments in the Hong Kong Private Banking Industry
4.4 Hong Kong Wealth Management Industry - Clientele Model and Maturity
4.5 Behavioral Mapping of Wealth Management and Private Banking in Hong Kong
5 Appendix
5.1 Additional Components of the Wealth Sector in Hong Kong
5.1.1 Philanthropy
5.1.2 Demand for intergenerational wealth transfer
5.1.3 Human resource availability for the wealth management industry
5.2 Regulations on Taxes
5.3 Regulations Related to Immigration, Investment and Employment
5.4 Key Drivers
5.4.1 HKD to US$ exchange rate
5.4.2 Real GDP growth
5.4.3 Per capita GDP
5.4.4 Domestic market capitalization
5.4.5 Commodity index
5.4.6 Foreign direct investments - inflow and outflow
5.4.7 Inflation rate
5.4.8 Interest rate
5.4.9 Balance of payments
5.4.10 Government debt
5.4.11 Stock market performance
5.5 Wealth Breakdowns
6 About WealthInsight

Table 1: HNWI Wealth Band and Group Definitions
Table 2: States in Hong Kong, 2012
Table 3: Largest Cities in Hong Kong, 2012
Table 4: Hong Kong Top 10 Private Banks by AuM, 2012
Table 5: Hong Kong Top Foreign Private Banks by AuM, 2012
Table 6: Hong Kong Top 11 Wealth Managers by AuM, 2012
Table 7: Hong Kong Family Offices, 2012
Table 8: Wealth Management Industry - Recent Deal Activity in Hong Kong, 2013
Table 9: Hong Kong Income Tax Bands, 2012-2013
Table 10: HKD to US$ Exchange Rate, 2008-2017
Table 11: Hong Kong Real GDP Growth (%), 2008-2017
Table 12: Hong Kong GDP Per Capita (US$), 2008-2017
Table 13: Hong Kong Domestic Market Capitalization (US$ Billions) 2008-2012
Table 14: Hong Kong Commodity Indices, 2008-2017
Table 15: Hong Kong Foreign Direct Investments (US$ Billion), 2008-2017
Table 16: Hong Kong Inflation Rate (%), 2008-2017
Table 17: Hong Kong Money Market Rate (%), 2008-2017
Table 18: Hong Kong Balance of Payments (US$ Billion), 2008-2012
Table 19: Hong Kong Government Debt as a Percentage of GDP (%), 2008-2017
Table 20: Hong Kong Stock Market Performance, 2008-2012
Table 21: Hong Kong HNWI Wealth vs GDP Ratio, 2008-2017
Table 22: Hong Kong Appendix One
Table 23: Hong Kong Appendix Two