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Hong Kong population Asia’s most affluent, says HSBC

Date: 13 Jul 2010

A survey commissioned by the UK-headquartered bank says that the city’s affluent people are on average the wealthiest in Asia, but that Taiwan’s well-to-do are the most vigorous investors in equities.

Keywords (click to search): [HSBC] [Nielsen] [equity] [bonds] [private banking] [wealth management] [affluent]

Richard Morrow

Affluent people in Hong Kong boast more liquid assets on average than their peers in any other Asian country, according to a new survey conducted by Nielsen on behalf of HSBC.

According to the Asian Affluent Tracker survey, affluent Hong Kongers hold average liquid assets of US$301,289, almost double Singapore’s US$183, 145 or Taiwan’s US$155,162. Chinese well-to-do citizens had US$126,537 while their Indian counterparts had US$87,769.

Additionally, 78% of wealthy Hong Kongers said that they either retained (30%) or grew...

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