2006亚太财富管理研究.pdf

Asia-PacificWealth Report 2006 Contents To Our Readers 1 The State of Asia-Pacific’s Wealth 2 The Asia-Pacific High Net Worth Investor 10 Spotlight: Asia-Pacific’s Emerging, Developing and Mature Markets Entrepreneurship and Diversity Typify Asia-Pacific Wealth Management 14 Emerging Markets Offer Great Potential and Sizeable Challenges 17 Domestic Incumbents Lead Market Share in Developing Markets 20 Two Core Trends Shape the Mature Wealth Management Markets 20 Strategic Issues Differ Dramatically By Sub-Region 23 Appendix: Methodology 24 To Our Readers, Building on the success of the World Wealth Report, we are pleased to present you with our first Asia-Pacific Wealth Report. In recent years, the region has witnessed tremendous economic growth that, in turn, has fueled an increase in wealth accumulation. This report is another example of our long-standing commitment to better understand the investment behaviors and trends of high net worth individuals (HNWIs) around the world. Within the following pages we seek to help you understand the behaviors of HNWIs in eight markets: China, Hong Kong, India, Indonesia, Japan, Singapore, South Korea and Taiwan. Together, these constitute 89% of the regions GDP and HNWI population. While Asia-Pacific largely mirrored the global trend toward decelerating GDP and market capitalization growth in 2005, the region grew faster than other areas of the world. In fact, more than half of the markets detailed in this report were among the worlds top 10 fastest-growing HNWI populations last year. The varying stages of economic development across the region create strong market-to-market contrasts in HNWI behaviors and their asset allocation strategies. For example, in 2005, Asia-Pacific HNWIs continued to rebalance their portfolios and diversify across asset classes, with a growing interest in alt