Abstract
Overviewm
Introduction
This report focuses on the onshore liquid wealth of affluent customers in
China and in china's largest and most affluent cities. The report offers
access to key statistics from Datamonitor's proprietary Global Wealth Model,
providing a clear picture of the scale, composition and direction of the
developing wealth management landscape on a regional basis.
Scope
- This report looks at the Chinese wealth market on a national scale, sizing
the market and highlighting the barriers to entry.
- The report analyses the four major cities of Beijing, Shanghai, Guangzhou
and Shanzhen in detail, sizing their affluent populations.
- The report includes analysis of other 'tier II' cities - Taiyuan, Wenzhou,
Ningbo and Hangzhou.
- The report forecasts the market to 2009.
Highlights
The Chinese market presents an interesting problem for wealth managers and
private banks. It seems to represent a huge opportunity that cannot be
overlooked, yet at the same time restrictions in the market mean that it is
impossible for a foreign institution to offer anything approaching a wealth
management proposition.
Despite the fact that it is Shenzhen which has the largest proportion of
affluent individuals, it is Shanghai that is seeing its affluent population as
a percentage of total growing at the fastest rate.
It is interesting to note that Citigroup paid USD67 for a 4.6% stake in
Shanghai Pudong Development Bank in 2003 and is now proposing to increase that
stake to 20% for a further investment of USD800m. This is 12 times the price
for three times the stake, giving an indication of the rising value of the
Chinese bank's stock.
Reasons to Purchase
- Find out which cities are the most affluent and how big an opportunity
they represent.
- Find out what is restricting the growth of the wealth management business
and what competitors need to focus on in the meantime.
- Find out how big the market will be in four years time and which cities
this wealth will be in.
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