Asia-Pacific and Chinese Wealth Management 2003: Industry Report

Asia-Pacific and Chinese Wealth Management 2003

Product Type: Market Research Report
Published by: Datamonitor
Published: October 2002
Product Code: R313-4332

Description

Introduction: These are turbulent times; the downturn of the global economy, reduction in international trade, massive market corrections in the most of the world's stock markets, and in many cases, frozen salary levels have all taken their toll on wealth creation across the globe. Yet throughout the year 2000 to 2001, the Asia-Pacific markets, and China in particular, have retained a positive growth rate in terms of the wealth management market. Scope of the Report: * Overview of the wealth management markets in China, Hong Kong, Singapore and South Korea * Top-level forecasts for wealthy individuals and asset growth * Deep drill on the development of wealth management services in China, with detailed market forecasts by asset class and number of wealthy individuals * FSI opportunity analysis * Vendor opportunity analysis. Report Highlights: The population of affluent individuals (USD50,000 +) across the China, Hong Kong, Singapore and South Korea grew at 6.3% from 2000 to 2001 to reach a total population of 5.6 million at the end of 2001. While major European markets have witnessed their affluent population shrink from 2000 to 2001, the number of affluent individuals in the four countries covered has increased by over 334,000 across the year. The Chinese wealth management market exhibited the most rapid growth from 1997 to 2001, with affluent individuals growing at 14.9% CAGR and aggregate liquid assets of Chinese affluent individuals at 20.4% CAGR. The Chinese market represents an extremely significant opportunity for financial services companies, both Chinese domestic and Foreign. However the market is heavily regionalized, one size fits all policies are unlikely to enable competitive entry and regional markets vary drastically both in terms of size and investor preferences. Key Reasons to Buy this Report: * Helps you understand the key top-level drivers for the growth of wealth in four key Asia-Pacific markets * Assess the FSI and vendor opportunity in the fast-growing Chinese markets as local banks adjust to the impact of WTO entry

Table of Contents

Overview

Introduction

These are turbulent times; the downturn of the global economy, reduction in international trade, massive market corrections in the most of the world’s stock markets, and in many cases, frozen salary levels have all taken their toll on wealth creation across the globe. Yet throughout the year 2000 to 2001, the Asia-Pacific markets, and China in particular, have retained a positive growth rate in terms of the wealth management market.

Scope

Overview of the wealth management markets in China, Hong Kong, Singapore and South Korea. Top-level forecasts for wealthy individuals and asset growth Deep drill on the development of wealth management services in China, with detailed market forecasts by asset class and number of wealthy individuals

FSI opportunity analysis

Vendor opportunity analysis

Report Highlights

The population of affluent individuals (USD50,000 +) across the China, Hong Kong, Singapore and South Korea grew at 6.3% from 2000 to 2001 to reach a total population of 5.6 million at the end of 2001. While major European markets have witnessed their affluent population shrink from 2000 to 2001, the number of affluent individuals in the four countries covered has increased by over 334,000 across the year.

The Chinese wealth management market exhibited the most rapid growth from 1997 to 2001, with affluent individuals growing at 14.9% CAGR and aggregate liquid assets of Chinese affluent individuals at 20.4% CAGR. The Chinese market represents an extremely significant opportunity for financial services companies, both Chinese domestic and Foreign. However the market is heavily regionalised, one size fits all policies are unlikely to enable competitive entry and regional markets vary drastically both in terms of size and investor preferences.

Reasons to Purchase

Helps you understand the key top-level drivers for the growth of wealth in four key Asia-Pacific markets

Assess the FSI and vendor opportunity in the fast-growing Chinese markets as local banks adjust to the impact of WTO entry

REGIONAL SUMMARY: THE ASIA-PACIFIC WEALTH MANAGEMENT MARKET

This gives a detailed overview of the growth of assets and wealthy individuals in four key Asia-Pacific markets - China, South Korea, Singapore and Hong Kong

The population of affluent individuals increased by 334,000 from 2000 to 2001

Affluent individuals’ wealth has increased despite the global economic downturn

China exhibited the greatest wealth creation from 1997 to 2001

CHINESE WEALTH MANAGEMENT DEEP-DRILL

Understand how and why individual wealth has grown so rapidly, and how foreign and domestic institutions will target this opportunity

As China re-structures its regulatory environment in line with WTO entry requirements, the USD1.3 trillion savings and investment market is opening up to foreign entrants

However the market is heavily regionalised, one size fits all policies are unlikely to enable competitive entry and regional markets vary drastically both in terms of size and investor preferences

VENDOR OPPORTUNITY ANALYSIS

Understand which institutions will be driving the growth of sophisiticated wealth management services going forward, and target critical areas of investment

China should be perceived more as a long-term opportunity rather than as a chance to score quick wins. The main institutions that are set to offer sophisticated wealth management services, incorporating both advice and financial management tools, in the first instance are likely to be the local securities houses and asset managers Datamonitor believes that the primary area of expenditure will be in the back office

APPENDIX

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