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Hong Kong 2013 Wealth Book: HNWI Wealth Will Sees a Significant Percentage Increase, Growing By 34% to Reach US$1.7 Billion By 2017
M2 - Wed Dec 04, 8:31AM CST
Research and Markets (http://www.researchandmarkets.com/research/82w8jh/hong_kong_2013) has announced the addition of the "Hong Kong 2013 Wealth Book" report to their offering. In 2012, there were approximately 233,220 HNWIs in Hong Kong holding US$1.1 billion in wealth. The wealth per capita in the country in 2012 was approximately US$119,453. Hong Kong HNWI numbers rose by 26.2% in 2012, following a marginal increase of 4.0% in 2011. Growth in HNWI wealth and volumes are expected to improve over the course of the next five years. The number of Hong Kong HNWIs is forecast to grow by 29%, to reach around 339,700 in 2017. In 2012, real estate was the largest asset class for HNWIs in Hong Kong with 35.6% of total HNWI assets, followed by business interests with 21.4%, equities with 17.4%, cash with 12.2%, fixed-income with 8.9%, and alternatives with 4.5%. Equities, real estate and alternative products recorded the strongest growth between 2007 and 2012. Hong Kong has a free market economy, highly dependent on international trade and finance - the value of goods and services trade, including the sizable share of re-exports, is about four times its GDP. Governed under an effective and efficient system of positive non-interventionism, the Hong Kong economy is characterized by low taxation, a fixed US-dollar exchange rate and free trade. With the worst of the European debt crisis seemingly over and the US economic recovery gathering steam, the low interest-rate environment will likely continue through 2015. Real GDP is forecast to increase by 3.5-4.5% for 2013 and per capita GDP in Hong Kong stood at $36,782 in 2012. Underlying consumer price inflation went up modestly to 4.3% in the third quarter of 2013, mainly due to private housing rental increases during 2012. The property market remained quiet, with the increase in flat prices decelerating further amid thin trading during the third quarter of 2013. Hong Kong boasts the third-largest port in the world in terms of container flow, behind Singapore and Shanghai. Mainland Chinese companies constituted about 46.6% of the firms listed on the Hong Kong Stock Exchange in 2012, and accounted for 57.4% of the exchange's market capitalization. During the past decade, as Hong Kong's manufacturing industry moved to the mainland, its service industry has grown rapidly. Growth slowed to 5% in 2011 and to less than 2% in 2012. Finally, the fiscal imbalances originating from Hong Kong's monetary policy have led to a bubble in residential and commercial real estate. As bubbles are precarious, any number of factors, including a slowdown in China or the West, could cause the bubble to burst. Such an event would have a harmful effect on Hong Kong's real economy. Companies Mentioned: - Bank of East Asia - CITIC Bank International - Chi Yu Bank - Chong Hing Bank Limited - Dah Sing Bank Ltd - Hang Seng Bank Ltd - Mevas Bank Ltd - Nanyang Commercial Bank - Tai Sang Bank Ltd - Wing Hang Bank Ltd For more information visit http://www.researchandmarkets.com/research/82..._kong_2013 About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Payvision Adds JCB to Its Payment Processing Platform
Marketwire - Thu Nov 07, 8:02AM CST
Payvision, independent Payment Solutions Provider, specialized in Global Card Processing for the eCommerce market and one of the fastest growing global acquiring networks in the world, is excited to add JCB Card to its global payment portfolio. As the only international payment card brand based in Japan, JCB has built a strong presence in Asia, while processing secure payment transactions for its expanding network of 24 million merchants worldwide.
Hong Kong 2013 Wealth Book: HNWI Wealth Will Sees a Significant Percentage Increase, Growing By 34% to Reach US$1.7 Billion By 2017
M2 - Wed Dec 04, 8:31AM CST
Research and Markets (http://www.researchandmarkets.com/research/82w8jh/hong_kong_2013) has announced the addition of the "Hong Kong 2013 Wealth Book" report to their offering. In 2012, there were approximately 233,220 HNWIs in Hong Kong holding US$1.1 billion in wealth. The wealth per capita in the country in 2012 was approximately US$119,453. Hong Kong HNWI numbers rose by 26.2% in 2012, following a marginal increase of 4.0% in 2011. Growth in HNWI wealth and volumes are expected to improve over the course of the next five years. The number of Hong Kong HNWIs is forecast to grow by 29%, to reach around 339,700 in 2017. In 2012, real estate was the largest asset class for HNWIs in Hong Kong with 35.6% of total HNWI assets, followed by business interests with 21.4%, equities with 17.4%, cash with 12.2%, fixed-income with 8.9%, and alternatives with 4.5%. Equities, real estate and alternative products recorded the strongest growth between 2007 and 2012. Hong Kong has a free market economy, highly dependent on international trade and finance - the value of goods and services trade, including the sizable share of re-exports, is about four times its GDP. Governed under an effective and efficient system of positive non-interventionism, the Hong Kong economy is characterized by low taxation, a fixed US-dollar exchange rate and free trade. With the worst of the European debt crisis seemingly over and the US economic recovery gathering steam, the low interest-rate environment will likely continue through 2015. Real GDP is forecast to increase by 3.5-4.5% for 2013 and per capita GDP in Hong Kong stood at $36,782 in 2012. Underlying consumer price inflation went up modestly to 4.3% in the third quarter of 2013, mainly due to private housing rental increases during 2012. The property market remained quiet, with the increase in flat prices decelerating further amid thin trading during the third quarter of 2013. Hong Kong boasts the third-largest port in the world in terms of container flow, behind Singapore and Shanghai. Mainland Chinese companies constituted about 46.6% of the firms listed on the Hong Kong Stock Exchange in 2012, and accounted for 57.4% of the exchange's market capitalization. During the past decade, as Hong Kong's manufacturing industry moved to the mainland, its service industry has grown rapidly. Growth slowed to 5% in 2011 and to less than 2% in 2012. Finally, the fiscal imbalances originating from Hong Kong's monetary policy have led to a bubble in residential and commercial real estate. As bubbles are precarious, any number of factors, including a slowdown in China or the West, could cause the bubble to burst. Such an event would have a harmful effect on Hong Kong's real economy. Companies Mentioned: - Bank of East Asia - CITIC Bank International - Chi Yu Bank - Chong Hing Bank Limited - Dah Sing Bank Ltd - Hang Seng Bank Ltd - Mevas Bank Ltd - Nanyang Commercial Bank - Tai Sang Bank Ltd - Wing Hang Bank Ltd For more information visit http://www.researchandmarkets.com/research/82..._kong_2013 About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Payvision Adds JCB to Its Payment Processing Platform
Marketwire - Thu Nov 07, 8:02AM CST
Payvision, independent Payment Solutions Provider, specialized in Global Card Processing for the eCommerce market and one of the fastest growing global acquiring networks in the world, is excited to add JCB Card to its global payment portfolio. As the only international payment card brand based in Japan, JCB has built a strong presence in Asia, while processing secure payment transactions for its expanding network of 24 million merchants worldwide.
