Hong Kong | Leading Financial Centre in Asia
Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more



This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $3 billion.










HSBC 2022 Study: $750,000 in Liquid Assets to be Considered Middle Class in Hong Kong, Investments in Properties, UK & China Properties & $490,000 for Children Overseas Education

11th November 2022 | Hong Kong

HSBC has released a study on Hong Kong middle class, with 1,000 respondents defining Hong Kong middle class as having $750,000 (HKD 5.9 million) in liquid assets & owning a property.  76% of the respondents consider property investments a viable option to preserve wealth, and 40% with interests in investing in Hong Kong properties, and 28% investing in overseas properties.  The top 5 preferred overseas properties investment locations are United Kingdom (39%), Mainland China (38%), Canada (18%), Australia (15%) and United States (13%).  35% of the respondents plan to send children overseas for education, and invest at least $490,000 (HKD 3.85 million) in children’s education overseas (UK, Canada, Australia etc).  67% have also earmarked $178,000 (HKD 1.4 million) to help children buy property after their graduation.  See below for HSBC 2022 Study. 

“ $750,000 in Liquid Assets to be Considered Middle Class in Hong Kong, Investments in Properties, UK & China Properties & $490,000 for Children Overseas Education “

 



- Article continues below -



Sign Up
Basic Member: $5 Monthly | $60 Yearly
Newsletter Daily 2 pm (Promo): $20 Monthly | $180 Yearly (FP: $680)


The 2024 Investment Day
6th March Hong Kong | 13th March Singapore

Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Taking place on 6th March 2024 in Hong Kong, 13th March 2024 in Singapore.
Visit | Register here


The 2024 Family Office Summit
10th April Hong Kong | 24th April Singapore

Join 100+ single family offices & family office professionals in Hong Kong & Singapore
Links: 2024 Family Office Summit | Register here





HSBC Hong Kong Head of Customer Propositions & Marketing, Wealth & Personal Banking, Brian Hui: “Financial opportunities and challenges are constantly evolving for middle class families in Hong Kong. We need to understand what matters most to these customers in order to curate the right products and services.”

HSBC Hong Kong Head of Investments & Wealth Solutions, Wealth & Personal Banking, Sami Abouzahr: ”Our middle class customers have complex wealth ambitions, which requires comprehensive wealth planning to achieve their short, medium and long term goals.”

 

HSBC Premier 2022 New Middle Class Study – Hong Kong

HSBC Main Building Hong Kong

1) Hong Kong Middle Class

  • 1,000 respondents viewing Hong Kong middle class as having $750,000 (HKD 5.9 million) in liquid assets & owning a property
  • Hong Kong Middle Class – $750,000 (HKD 5.9 million) in liquid assets & own a property

2) Wealth Management

  • 41% – take a cautious/very cautious approach to wealth management (11% higher since start of 2020 pandemic)
  • 52% – are holding more cash than before the pandemic
  • 76% – consider property investments a viable option to preserve wealth (67% owns average of 1.4 properties)

3) Properties Investments

  • 40% – Invest in Hong Kong properties
  • 28% – Invest in Overseas properties

4) Top Properties Investments Locations

  • United Kingdom – 39%
  • Mainland China – 38%
  • Canada – 18%
  • Australia – 15%
  • United States – 13%

5) Middle Class Priority – Children

  • 35% plans to send children overseas (better education, less stressful curriculum, lower exchange rates)
  • Invest at least $490,000 (HKD 3.85 million) in children’s education overseas (UK, Canada, Australia etc)
  • 67% earmarked $178,000 (HKD 1.4 million) to help children buy property after graduation

6) Retirement / Legacy Planning

  • 7 in 10 plan to retire at age 56 to start doing what they love
  • 23% have not acted or lacked know-how
  • 47% has fallen behind on savings because of pandemic

7) To Recover Shortfall in Savings (Pandemic)

  • 61% reduce expenses
  • 55% – work part-time work or run business

 

The HSBC Premier 2022 New Middle Class Study was conducted in May 2022, with 1,043 respondents aged 24 to 64 years with liquid assets of HK$1 million or above.




Managing $20 million to $3 billion. Investing $3 million to $300 million.
For Investment Managers, Hedge Funds, Boutique Funds, Private Equity, Venture Capital, Professional Investors, Family Offices, Private Bankers & Advisors, sign up today. Subscribe to Caproasia and receive the latest news, data, insights & reports, events & programs daily at 2 pm.

Join Events & Find Services
Join Investments, Private Wealth, Family Office events in Hong Kong, Singapore, Asia-wide. Find hard-to-find $3 million to $300 million financial & investment services at The Financial Centre | TFC. Find financial, investment, private wealth, family office, real estate, luxury investments, citizenship, law firms & more.  List hard-to-find financial & private wealth services.

Have a product launch? Promote a product or service? List your service at The Financial Centre | TFC. Join interviews & editorial and be featured on Caproasia.com or join Investments, Private Wealth, Family Office events. Contact us at [email protected] or [email protected]

Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?



Quick Links


2021 Data Release
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
2020 Top 10 Largest Multi-Family Offices
2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM


For Investors | Professionals | Executives
Latest data, reports, insights, news, events & programs
Everyday at 2 pm
Direct to your inbox
Save 2 to 8 hours per week. Organised for success

Register Below

For CEOs, Heads, Senior Management, Market Heads, Desk Heads, Financial Professionals, Investment Managers, Asset Managers, Fund Managers, Hedge Funds, Boutique Funds, Analysts, Advisors, Wealth Managers, Private Bankers, Family Offices, Investment Bankers, Private Equity, Institutional Investors, Professional Investors

Get Ahead in 60 Seconds. Join 10,000 +
Save 2 to 8 hours weekly. Organised for Success.

Sign Up / Register


    InvestorProfessionalFamily OfficeExecutive


    SubscriptionMembershipEvents


    Professional InvestorPrivate WealthFamily OfficePrivate BankingWealth ManagementInvestmentsAlternativesPrivate MarketsCapital MarketsESG & SICEO & EntrepreneursTax, Legal & RisksHNW & UHNWs Insights










    Web links may be disabled on mobile for security.
    Please click on desktop.










    Caproasia Users

    • Manage $20 million to $3 billion of assets
    • Invest $3 million to $300 million
    • Advise institutions, billionaires, UHNWs & HNWs

    Caproasia Platforms | 11,000 Investors & Advisors

    Monthly Roundtable & Networking

    Family Office Programs

    The 2024 Investment Day

    • March 2024 - Hong Kong
    • March 2024 - Singapore
    • June 2024 - Hong Kong
    • June 2024 - Singapore
    • Sept 2024 - Hong Kong
    • Sept 2024 - Singapore
    • Visit: The Investment Day | Register: Click here

    Caproasia Summits

    Contact Us

    For Enquiries, Membership
    [email protected], [email protected]

    For Listing, Subscription
    [email protected], [email protected]

    For Press Release, send to:
    [email protected]

    For Events & Webinars
    [email protected]

    For Media Kit, Advertising, Sponsorships, Partnerships
    [email protected]

    For Research, Data, Surveys, Reports
    [email protected]

    For General Enquiries
    [email protected]





    Caproasia | Driving the future of Asia
    a financial information technology co.
    since 2014




    Previous articleBritish Crown Dependency Jersey Apologies to Russian Billionaire Roman Abramovich for Unlawful Search on Properties, Agreed to Pay Damages & Costs for Search & to Destroy Documents
    Next article$32 Billion 5th Largest Crypto Exchange FTX Files for Bankruptcy & $500 Million Hacked After Bankruptcy, Investors Include SoftBank, Tiger Global, Sequoia Capital, Singapore Temasek, Ontario Teachers’ Pension Plan, Gisele Bündchen & Naomi Osaka
    Caproasia.com covering capital markets, investments and private wealth in Asia. Our users manage, advise & invest $25 trillion assets in Asia