Summary

Hong Kong offers tremendous opportunities for the private banking industry as a result its relationship with mainland China and its status as a global financial centre. This report not only provides detailed forecasts on expected HNWI asset allocation of Hong Kong's HNWI and UHNWI to 2015, but gives the reader the crucial insight necessary to effectively act on those projections. In addition to providing a comprehensive and robust background of the Hong Kong economy, including, uniquely, detailed analysis of economic and political risks to HNWI wealth creation, the report provides robust projections of the volume, wealth and asset allocation of Hong Kong's HNWI. The report also couches these findings in an analysis of Hong Kong's Wealth Management and Private Banking sector, and the opportunities therein. But what really sets the report apart is its analysis and presentation of the demographic trends and findings of the proprietary Wealth Insight HNWI Database.

Table of Content

1 Introduction
1.1 What is this Report About?
2 Executive Summary
3 Wealth Sector Fundamentals
3.1 Political Background of the Wealth Sector
3.2 Economic Background to the Wealth Sector
3.3 Benchmarking Hong Kong Wealth in Context
3.3.1 Distribution of Wealth
4 Findings from the WealthInsight HNWI Database
4.1 Trends in HNWI Wealth to 2015
4.1.1 HNWI Trend Analysis
4.1.2 HNWI Volume Trend Analysis
4.1.3 HNWI Wealth Trend Analysis
4.1.4 Per Capita HNWI Net Worth Trend Analysis
4.1.5 Trends of the Wealth Bands
4.1.6 Demographic Breakdown of Hong Kong's HNWI
4.2 UHNWI
4.2.1 UHNWI Volume Trend Analysis
4.2.2 UHNWI Wealth Trend Analysis
4.2.3 UHNWI Per Capita Net Worth Trend Analysis
4.2.4 Demographic Breakdown of Hong Kong's UHNWI
4.3 UHNWI-The Billionaires
4.3.1 Billionaire Volume Trend Analysis
4.3.2 Billionaire Wealth Trend Analysis
4.3.3 Billionaire Per Capita Net Worth Trend Analysis
4.3.4 Demographic Breakdown of Hong Kong's Billionaires
4.3.5 Sources of Billionaire Wealth
4.3.6 List of Billionaires in Hong Kong
4.4 UHNWI-The Centimillionaires
4.4.1 Centimillionaire Volume Trend Analysis
4.4.2 Centimillionaire Wealth Trend Analysis
4.4.3 Centimillionaire Per Capita Net Worth Trend Analysis
4.5 UHNWI-The Affluent Millionaire
4.5.1 Affluent Millionaire Volume Trend Analysis
4.5.2 Affluent Millionaire Wealth Trend Analysis
4.5.3 Affluent Millionaire Per Capita Net Worth Trend Analysis
4.6 Core HNWI
4.6.1 Core HNWI Volume Trend Analysis
4.6.2 Core HNWI Wealth Trend Analysis
4.6.3 Core HNWI Per Capita Net Worth Trend Analysis
4.7 Core HNWI-The Mid Tier Millionaires
4.7.1 Mid Tier Millionaire Volume Trend Analysis
4.7.2 Mid Tier Millionaire Wealth Trend Analysis
4.7.3 Mid Tier Millionaire Per Capita Worth Trend Analysis
4.8 Core HNWI-Lower Tier Millionaires
4.8.1 Lower Tier Millionaire Volume Trend Analysis
4.8.2 Lower Tier Millionaire Wealth Trend Analysis
4.8.3 Lower Tier Millionaire Per Capita Net Worth Trend Analysis
5 Analysis of Hong Kong HNWI Investment
5.1 Analysis by Asset Classes
5.1.1 Changing Trends in Liquid Assets-Equity, Fixed Income and Cash and Deposits
5.1.2 Trends in Alternative Assets
5.1.3 Trends in "Art, Wine and Wheels"
5.1.4 Trends of Investments in Real Estate
5.1.5 Trends of Investments in Cash and Deposits
5.1.6 Trends of Investments in Fixed Income
5.1.7 Trends of Investments in Equity
5.1.8 Trends of Investments in Business Interest
5.2 Analysis of Foreign Investments
5.2.1 Trend of Investments in Mainland China
5.2.2 Trend of Investments in Rest of Asia Pacific
5.2.3 Trend of Investments in North America and Europe
5.2.4 Trend of Investments in Africa, Middle East and Latin America
6 Competitive Landscape of the Wealth Sector
6.1 Competitive Structure
6.1.1 Wealth Management and Private Banking Industry-Competitive Structure
6.1.2 Multinational Corporations
6.1.3 Chinese Banks
6.1.4 Local Hong Kong Banks
6.1.5 Wealth Managers
6.1.6 Private Banks
6.1.7 Joint Ventures
6.1.8 Boutique and Independent Financial Advisors
6.1.9 Trusts
6.2 Family Offices
6.2.1 Hybrid Family Offices
6.2.2 Multi-Family Offices
6.2.3 Single Family Offices
6.3 Leading Companies in the Wealth Management and Private Banking Industry
6.4 Offshore Wealth Management and Private Banking Industry
6.5 Hong Kong Wealth Management and Private Banking Industry-Behavioral Mapping
6.6 Challenges and Opportunities for the Wealth Sector in Hong Kong
6.6.1 Regulatory Environment
6.6.2 Tax structure
6.6.3 Human resource availability for the wealth management and private banking industry
6.6.4 Philanthropy
6.6.5 Intergenerational Wealth Transfer and Younger Clientele
7 Appendix
7.1 Pertinent Regulations
7.1.1 Regulations on Banks
7.1.2 Regulations on Foreign Banks
7.1.3 Regulations on Real Estate
7.1.4 Regulations on Foreign Investment
7.1.5 Regulations on Capital Investment
7.1.6 Regulations on Leverage Buyouts and M&A
7.1.7 Regulations on Hedge Funds and Derivatives
7.1.8 Regulations Related to Taxes
7.2 Key Economic Trends and Drivers
7.2.1 National Wealth Indicators
7.2.2 Financial Market Indicators
7.2.3 Banking Indicators
7.2.4 Trade Indicators
7.2.5 Other Indicators
8 About WealthInsight