1. Friday May 25, 2018
      Home > News > Economy
      Text:| Print|

      Inland areas 'catching up'

      2013-01-14 08:03 China Daily     Web Editor: qindexing comment

      Millionaires increasing investments in gold, 10-carat diamonds and art

      The total value of private investable assets in China reached more than 73 trillion yuan ($11.6 trillion) in 2012, up 14 percent on the previous year, according to a recent report by Boston Consulting Group and China Construction Bank Corp.

      By the end of 2012, the number of Chinese high-net-worth individuals (HNWI) — those with investable assets of more than 6 million yuan — will reach 1.74 million, an increase of 17 percent from the end of 2011. That growth, however, is much slower than the 38 percent growth from 2009 to 2011, according to the report.

      At present, HNWI in China are still concentrated in the economically developed southeast coastal region. The number of HNWI in Guangdong, Beijing, Shanghai and Jiangsu is more than 100,000.

      But under-developed inner land provinces are catching up and have become a new growth point. The number of high-net-worth households in Anhui, Gansu and Hunan provinces, for instance, was expected to increase by more than 30 percent in 2012, higher than the national average and that of first-tier cities.

      In terms of the structure of private investable assets, funds and stock net value slumped by 7 percent and 5 percent respectively between 2009 and 2011, while resident bank wealth management and trust assets grew fast at a compound annual growth rate of 78 percent and 60 percent respectively, the report showed.

      Entrepreneurs make up the largest proportion of HNWIs at about 56 percent. Among these nearly 60 percent of the corporations they run are at a mature stage of development. Furthermore, managers, housewives and professionals such as lawyers and doctors and investment professionals are now making up a bigger proportion, according to the report.

      Meanwhile, around 59 percent of private banking clients made their fortunes from running a business while the proportion of those investing in real estate declined.

      "In the context of interest rate liberation and advancement of financial reform, commercial banks should clarify their private business positioning as soon as possible. In China, the position of private banking should be the service channel for HNWIs," said Richard Huang, a BCG partner based in Beijing. "Its core business should be marketing, product and service integration and coordination of internal and external resources."

      According to the BCG survey, private banking clients seem more conservative, with the proportion of clients seeking inflation-proof products increasing from 30 percent in 2011 to 36 percent in 2012. The number holding low-risk investment portfolios rose from 40 percent to 47 percent.

      In terms of investment products, more interest is shown in fixed income and trust products (from 57 percent to 65 percent and from 53 percent to 61 percent respectively) while there was less interest in stocks and real estate (from 36 percent and 24 percent to 34 percent and 17 percent respectively).

      In terms of other financial products, besides priority transactional services, private banking clients showed more interest in private-banking lending in 2012. In the non-financial value-added services, like the results in 2011, premium healthcare, travel and child education advisory services were most valued.

      Meanwhile, more dollar millionaires increased their investments in gold, diamonds and art.

      According to Song Yunpeng, deputy general manager of KEER Diamond Corp, the company's sales of diamonds bigger than one carat increased more than 50 percent this year.

      In the past decade, the average price of a one-carat diamond has increased 18 percent, and that of a 10-carat diamond has soared 50 to 60 percent.

      A more conservative wealth management trend is also seen among ordinary Chinese people.

      Eight out of 10 Chinese mainlanders plan on saving the same amount they have been, or even more, in the next six months as a precaution, according to a recent report from MasterCard.

      That result is similar to the proportion of Taiwan residents (79 percent) and Hong Kong people (71 percent).

      The latest survey shows that money management strategies are conservative throughout China.

      For instance, people on the Chinese mainland plan to save an average of 26 percent of their income in the next six months, followed closely by Taiwan (23 percent) and Hong Kong (21 percent). Interestingly, Hong Kong (94 percent) had the largest proportion of respondents planning to save the same amount or more in the next six months, followed by the Chinese mainland (92 percent) and Taiwan (80 percent).

      While most respondents on the Chinese mainland are saving for investments (59 percent), the majority of people in Hong Kong (60 percent) and Taiwan (51 percent) are setting aside a portion of their income for retirement.

      A total of 53 percent of the Chinese mainland respondents in 2012 saved for international travel, compared with 18 percent in 2011, the survey showed.

      Comments (0)

      Copyright ©1999-2011 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 免费一级毛片不卡不收费| 国产美女被遭强高潮免费网站| 亚洲精品岛国片在线观看| 亚洲熟妇AV乱码在线观看| 一个人免费观看www视频在线| 亚洲欧洲日产国码久在线观看 | 亚洲aⅴ天堂av天堂无码麻豆| 毛片免费在线视频| 亚洲精华国产精华精华液好用| 在线观看成人免费视频| 亚洲欧美日韩中文字幕在线一区| 成年18网站免费视频网站| 久久水蜜桃亚洲AV无码精品| 免费观看国产小粉嫩喷水| 人人鲁免费播放视频人人香蕉| 亚洲伊人色欲综合网| 久久这里只精品国产免费10| 亚洲伊人久久大香线蕉啊| 免费看片A级毛片免费看| 国产精品亚洲天堂| 久久久久亚洲AV成人网人人网站| 日韩精品无码免费专区午夜不卡| 亚洲精品无码不卡| 成人男女网18免费视频| 视频免费1区二区三区| 亚洲精品无码午夜福利中文字幕| 在线观看免费中文视频| 亚洲免费网站观看视频| 亚洲综合色视频在线观看| 久久久99精品免费观看| 亚洲高清一区二区三区| 久久亚洲av无码精品浪潮| 91精品全国免费观看含羞草| 亚洲人成电影网站色www| 亚洲综合色婷婷七月丁香| 100部毛片免费全部播放完整| 亚洲av无码无线在线观看| 亚洲日本一区二区三区在线| 亚洲成在人线aⅴ免费毛片| 成人免费夜片在线观看| 久久亚洲AV成人无码|