Market Research Report - 249523
The Chinese HNWI Market in 2012
|Published||Content info||94 Pages|
The report provides market analysis, information and insights, including:
Despite the global financial uncertainty, the number of high net worth individuals (HNWIs) in China has risen sharply by 41% in each the last four years. Although HNWIs make up only 0.4% of China's population, this is equivalent to over 4 million individuals. Furthermore, the number of HNWIs in China is expected to double by 2015, which will change's China's position as the third-largest global wealth market in 2011 to the second-largest global wealth market in 2015. By the end of 2011, there was an estimated US$4.3 trillion of investable assets in China. It is estimated that HNWI wealth will grow at a compound annual growth rate (CAGR) of 14.7% over the forecast period (2011-2015), to reach US$7.5 trillion by 2015. This excludes important contributory factors such as private business assets, real estate investments, art and other luxury investments or offshore funds.