Sizing The Hnw Wealth Management Industry In China 2018: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Private banking took shape in China, nearly in the year 2000 when Royal Bank of Scotland and Bank of China jointly introduced private banking services. More than 4 decades of strong growth in the Chinese economy has led to rise in private wealth to great extent. This has created a humungous market in terms of private wealth management as the number of high net worth individuals is on the rise. With capital market getting mature and private wealth increasing at an increasing pace, private banking in china has grown significantly. According to the study, ‘WEALTH IN CHINA: HNW INVESTORS 2018’, the recent years have witnessed new trends in the Chinese economy that are shifting the landscape of the private banking environment. The private wealth is on the rise; however the quality returns on assets have come under pressure. This has resulted in huge wealth seeking scare high quality assets that has caused a shift in the expectation of both banks and individuals. The demands and requirements of HNW clients across china have changed. They have diverse demands on not only look forward for wealth preservation but also succession planning. The competition within private wealth management has intensified which has resulted in a more robust and enhanced banking mechanism. This well help banks to over step the boundaries set by cross border banking and come up with new business plans. Chinese HNWs are still expanding their business. They prefer to reinvest their wealth in their own enterprise rather than preserving it. This preference is proven by the fact that returns on financial instruments issued by institutions have been relatively lower as compared to return on business and real estate. The three prime reasons that HNWs do not prefer to have their wealth managed by financial institutions are:- The first generation entrepreneurs rely on their own ability to make financial decisions and prefer to decide their own wealth appropriation into different assets. Capital markets in China are still immature and have lacked high degree of efficiency. The Chinese HNWs prefer to maintain confidentiality when it comes to financial matters. The wealth managers are unable to provide this confidentiality since they lack specialized teams. The competition dynamics in the private wealth management business are being disrupted as new players enter the market. Majority percentage of high net worth individuals are currently not being served by any wealth management business. This implies that new companies entering the space do not have to gather their market share from existing companies but rather have the opportunity to gather it directly from clients that are not being served. Third party wealth managers, trusts, banks all these are adding vitality in the industry. However, commercial banks tend to possess an advantage over the other business models due to established business and existing clientele. The various wealth management products include property investment, capital markets, bank wealth management products, overseas investment, life insurance and other domestic investment products. This share is led by property investment due to their inclination towards real estate investments. There are various wealth management products being floated into the market by the big four. However the real potential of the market has not been tapped into as majority of the wealth is stored in form of cash only. This makes Chinese wealth management industry lucrative and as more companies enter this space, it will become more dynamic and fast paced. For More Information, Refer to the Link below: https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/wealth-china-hnw-investors-2018/150981-93.html Related Reports: https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/wealth-indonesia-hnw-customers/2194-93.html https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/wealth-germany-hnw-customers/2195-93.html Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications Sales@kenresearch.com +91-9015378249 Tags: China Hnw Wealth Management Market Analysis, China Hnw Wealth Management Market Forecast, China Hnw Wealth Management Market Future Outlook, China Hnw Wealth Management Market Growth Analysis, China Hnw Wealth Management Market Opportunities, China Hnw Wealth Management Market Revenue, China Hnw Wealth Management Market Shares, China Hnw Wealth Management Market Size, China Hnw Wealth Management Market Trends, China Hnw Wealth Management Market Value, China Money Remittance Industry Report, China Payment Industry Research Report, China Wealth Management Market Research Report, 中国财富管理市场研究报告,中国财富管理市场收入,中国财富管理市场规模,中国财富管理市场未来展望,中国财富管理市场分析,中国财富管理市场机遇,中国财富管理市场预测,中国财富管理市场趋势,中国财富管理市场份额,中国财富管理市场增长分析,中国财富管理市场价值,中国支付行业研究报告,中国汇款行业报告