2014 China Wealth Market Report: HNWIs and Wealth Management 2018 Forecasts for China

DALLAS, November 26, 2014 /PRNewswire/ --

ReportsnReports.com adds China Wealth Report 2014 market research, on the wealth management market of China with HNWIs data and 2018 forecasts, to the banking and financial services intelligence collection of its library.

According to the China Wealth Report 2014 market research, there were 1,279,972 HNWIs in China in 2013. These HNWIs held US$4.3 trillion in wealth, and wealth per HNWI averaged US$3.4 million. Chinese HNWI numbers increased by 5.5% in 2013, following an 11.8% increase in 2012. Growth in HNWI wealth and volumes is expected to improve over the forecast period. The number of Chinese HNWIs is forecast to grow by 27.1%, to reach 1.7 million by 2018, while HNWI wealth is expected to grow by 46.5%, to reach US$7.12 trillion by the same year. Chinese HNWIs held 18.4% (US$796.0 billion) of their wealth outside their home country at the end of 2013, which is below the worldwide average of 20-30%.

This report reviews the performance and asset allocations of HNWIs and ultra-HNWIs in China. It also includes an evaluation of the local wealth management market. It is an unparalleled resource and the leading resource of its kind. Compiled and curated by a team of expert research specialists, the report comprises a wide variety of data that is created based on over 115,000 HNWIs from around the world in our database. With the wealth reports 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. The report reviews the performance and asset allocations of HNWIs and ultra-HNWIs. The report also includes projections of the volume, wealth and asset allocations of the HNWIs to 2018 and a comprehensive background of the local economy. The report provides a thorough analysis of the Private Banking and Wealth Management sector, latest merger and acquisition activity and the opportunities and challenges that it faces. It also provides detailed information on HNWIs volumes in each major city.

The scope of China wealth report 2014 includes data and information on independent market sizing of Chinese HNWIs across five wealth bands, HNWI volume, wealth and allocation trends from 2009 to 2013, HNWI volume, wealth and allocation forecasts to 2018, HNWI and UHNWI asset allocations across 13 asset classes, Geographical breakdown of all foreign assets, Alternative breakdown of liquid vs investable assets, Number of UHNWIs in major cities, Number of wealth managers in each city, City wise ratings of wealth management saturation and potential, Details of the development, challenges and opportunities of the wealth management and private banking sector in China, Size of China's wealth management industry, Largest private banks by AuM, Detailed wealth management and family office information and Insights into the drivers of HNWI wealth in China.

Companies featured in this China wealth report 2014 - 2018 include Industrial and Commercial Bank of China Ltd, China Construction Bank Corp, Agricultural Bank of China Ltd, Bank of China Ltd, Bank of Communications Co. Ltd, Industrial Bank Co. Ltd, China Minsheng Banking Corp, Shanghai Pudong Development Bank Co. Ltd, China Merchant Bank Co. Ltd and China CITIC Bank Corp. Ltd. Order a copy of this research at http://www.reportsnreports.com/Purchase.aspx?name=318533 .

The Employee Benefits in China market research report is a 2014 study that provides in-depth industry analysis, information and insights of the employee benefits in China, including overview of the state and compulsory benefits in China, detailed information about the private benefits in China, insights on various central institutions responsible for the administration of the different branches of social security and the regulatory framework and recent regulations relating to Chinese employee benefits. China is continuously trying to improve its social security system by extending cover and, as a result, more than 70% of the country's population is now covered by health schemes. China's social security system includes various types of social insurance schemes, and social assistance and supplementary schemes. The Ministry of Human Resources and Social Security (MHRSS), which administers the Social Insurance Law, is the apex body responsible for effective functioning of the country's social security system. According to the 2012 Statistic Bulletin on Human Resource and Social Security Development released by the MHRSS, the country's social security system recorded annual revenue growth of 20.2%, reaching CNY2.89 trillion (US$0.463 trillion), while social security expenditure rose by 22.9% to CNY2.22 trillion (US$0.355 trillion). As most social security schemes do not meet employees' requirements, several private companies offer voluntary supplementary schemes. Read more at http://www.reportsnreports.com/reports/298044-employee-benefits-in-china.html .

The Insight Report: Product Innovation in Wealth Management is a 40 pages market research report that analyzes the wealth management sector through the perspective of online innovation, with a focus on innovative online platforms and analytical tools launched during the review period. It also examines regional HNWI demographics in the Americas, Europe, Asia-Pacific, and the Middle East and Africa from a proprietary HNWI database comprising 100,000 individuals from the four regions. The global HNWI landscape is currently dominated by older HNWIs over the age of 45 years, which account for around 85% of the population. Younger HNWIs aged below 45 years form a minority, with around just 14% of the population. Technological advancements and high internet penetration among young HNWIs are driving innovation in wealth management. Fast DIY service is a key strength of online investment platforms, with lack of personal service their key weakness. Lower technical know-how among HNWIs aged over 45 is the largest barrier for online investment platforms. Web-based companies have been able to penetrate into the market of core HNWIs, comprising lower- and mid-tier millionaires. Complete report is available at http://www.reportsnreports.com/reports/298264-insight-report-product-innovation-in-wealth-management.html .

Explore more reports on banking and financial services market as well as other industries of China at http://www.reportsnreports.com/country/china/ .

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