Presentation is loading. Please wait.

Presentation is loading. Please wait.

“Connecting with The Chinese Luxury Consumer”

Similar presentations


Presentation on theme: "“Connecting with The Chinese Luxury Consumer”"— Presentation transcript:

1 “Connecting with The Chinese Luxury Consumer”
by RUPERT HOOGEWERF Wealth Management and Private Banking Asia 2010 Sheraton Hotel, Hongqiao 19 November 2010

2 Size of market ‘Known’ Wealth ‘Hidden’ Wealth US$1 billion
189 pax US$150 million 1363 pax US$1 billion 400 pax US$150 million 4000 pax US$15 million 55,000 pax US$1.5 million 875,000 pax ‘Hidden’ Wealth US$150 million 2600 pax US$1 billion 200 pax Source September

3 Area No. of Indiv. Beijing 151,000 Shanghai 122,000 Guangzhou 49,200
SIZE OF MARKET – TOP CITIES Area No. of Indiv. Beijing 151,000 Shanghai 122,000 Guangzhou 49,200 Hangzhou 47,300 Shenzhen 45,600 Nanjing 22,100 Wenzhou 20,400 Suzhou 15,600 Area No. of Indiv. Chengdu 13,500 Ningbo Xiamen 11,500 Qingdao 11,100 Dalian 11,000 Fuzhou 10,200 Shenyang 7,660

4 KEY THINGS TO KNOW ABOUT THE HURUN RICH LIST
China’s wealthy came of age in 2007! Source September

5 15 years younger than Western counterparts and faster growing
KEY THINGS TO KNOW ABOUT THE HURUN RICH LIST 15 years younger than Western counterparts and faster growing Source of wealth Urbanisation (Property 20%... ) Manufacturing 19%, Fastest growing are Healthcare, IT, Retail and Apparel

6 TOP THREE RICHEST 2010 Zong Qinghou Li Li and Li Tan couple Zhang Ying

7 Eg Wang Jianlin Wanda Market Cap US$10 B
KEY TREND – XINGUI 12% of Rich List delegates to CPC, NPC or CPPCC Eg Wang Jianlin Wanda Market Cap US$10 B

8 “I have nothing more to give away”
JUST COMPLETED HURUN REPORT EVENTS Yu Pengnian “I have nothing more to give away”

9 Race Car Carnival, Shanghai (May 2010)
KEY TREND – RISE OF SECOND GENERATION Race Car Carnival, Shanghai (May 2010)

10 What is your preferred sport?
TOP LEISURE ACTIVITIES Based on 383 ‘millionaire’ respondents What is your preferred sport? 1. Swimming Golf (handicap 98 shots) - Half don’t smoke - One third don’t drink - 16 days holiday a year

11 Where do you like to go overseas?
TOP TRAVEL DESTINATIONS Based on 383 ‘millionaire’ respondents Where do you like to go overseas? 1. US Mainland 2. France 3. Australia 4. Japan 5. Singapore 6. Italy 7. Hawaii 8. UK 9. Dubai 10. Canada

12 Educated overseas 1. UK 2. US 3. Australia 4. Canada 5. New Zealand
THE SECOND GENERATION Based on 383 ‘millionaire’ respondents Educated overseas 1. UK 2. US 3. Australia 4. Canada 5. New Zealand Drives luxury travel, overseas property purchases and emigration 4 out of 5 millionaires consider educating their kids overseas

13 COLLECTING What do you like collecting? Watches Art Cars Red Wine

14 Zhang Xiaogang, Yue Mingjun & Zeng Fanzhi
COLLECTING ART – THE YOUNG GUNS Zhang Xiaogang, Yue Mingjun & Zeng Fanzhi

15 Luxury Property – up 90%

16 Tsinghua University EMBA – up 18% to RMB 450.000

17 Moutai 30yrs – up 30% to RMB 12,800

18 Shanghai International Business Aviation Show
UPCOMING HURUN REPORT EVENT Shanghai International Business Aviation Show April, 2011 Shanghai Hurun Report Official Media Partner

19 Wall Street Journal US edition Jan 2008
“People often aren't considered truly rich until anointed by Hurun Report…” Wall Street Journal US edition Jan 2008 “… the authorative Hurun Rich List.” Financial Times Feb 2010

20 DIRECT EXPOSURE TO THE INNER CIRCLE OF CHINA’S RICHEST
Family Business Partner Top Entrepreneur Government Relations Friends

21 HURUN REPORT MAGAZINE Average Age 40 years Male 72%
Owner/Senior Mgt 92% HURUN REPORT MAGAZINE Main Book – 12 Issues + 6 Supplements per year

22 UNLOCKING THE DOORS TO THE WORLD’S BEST SCHOOLS
Average Age 45 years Male 60% SCHOOL GUIDE SERIES UNLOCKING THE DOORS TO THE WORLD’S BEST SCHOOLS

23 Glamorous – Prestigious – For Aspirational Horse Lovers
Average Age 32 years Male 50% HURUN HORSE MAGAZINE Glamorous – Prestigious – For Aspirational Horse Lovers Hurun Polo Team

24 “Connecting with The Chinese Luxury Consumer”
by RUPERT HOOGEWERF Wealth Management and Private Banking Asia 2010 Sheraton Hotel, Hongqiao 19 November 2010


Download ppt "“Connecting with The Chinese Luxury Consumer”"

Similar presentations


Ads by Google