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
Hong Kong | Leading Financial Centre in Asia Caproasia.com | The leading source of data, research, information & resource for investment managers, professional investors, UHNW & HNW investors, and 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 “
Ads & Announcements
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
- 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)
- 40% – Invest in Hong Kong properties
- 28% – Invest in Overseas properties
- United Kingdom – 39%
- Mainland China – 38%
- Canada – 18%
- Australia – 15%
- United States – 13%
- 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
- 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
- 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.
2021 Data Release 2020 List of Private Banks in Hong Kong2020 List of Private Banks in Singapore 2020 Top 10 Largest Family Office2020 Top 10 Largest Multi-Family Offices2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM Register Below Latest 2022 data & reports, insights & news Every Saturday & Sunday 2 pm Direct to your inbox Save 2 to 8 hours per week. Organised for success For Investors | Professionals | Executives New to Caproasia? Join 10,000 + Learn More | Sign Up Today Caproasia.com | Caproasia Access 2022 Events | TFC - Find Services Grow Business | Contact Us 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. Subscribe / Sign Up / Contact Us Sign Up / Subscribe:
Mailing ListFree TrialInvestor $680 YearlyProfessional $680 YearlyExecutive $2,000 Yearly
Interests / Events / Summits / Roundtables / Networking:
Private WealthFamily OfficePrivate BankingWealth ManagementInvestmentsAlternativesPrivate MarketsCapital MarketsESG & SICEO & EntrepreneursTax, Legal & RisksHNW & UHNWs Insights
Your Name*
Company*
Job Title*
Email 1 (Work / Personal)*
Email 2 (Work / Personal)
Contact No.
Country
Your Message (leave blank if none)
Owl Media Group takes pride in providing social-first platforms which equally benefit and facilitate engagement between businesses and consumers and creating much-needed balance to make conducting business, easier, safer, faster and better. The vision behind every platform in the Owl Media suite is to make lives better and foster a healthy environment in which parties can conduct business efficiently. Facilitating free and fair business relationships is crucial for any thriving economy and Owl Media bridges the gap and open doors for transparent and successful transacting. No advertising funds influence the functionality of our media platforms because we value authenticity and never compromise on quality no matter how lucrative the offers from advertisers may seem.